Now that the Maharlika Investment Fund (MIF) implementing rules and regulations (IRR) have been revised, President Marcos disclosed on Wednesday, Nov. 15 (US time) that the investment fund will finance “about 80 potential infrastructure projects” in the Philippines. President Ferdinand Marcos...
The Philippine Reclamation Authority (PRA), which monitors and supervises the government’s reclamation projects, has a new general manager and two board members. President Ferdinand Marcos Jr. (Photo from the Presidential Communications Office) According to a Facebook post from Presidential...
The long-time dream of the country to have a single-connected grid nationwide may take a little longer, as one leg of the infrastructure development toward the concretization of the P51.3 billion Mindanao-Visayas Interconnection Project (MVIP) is being impeded by a temporary restraining order (TRO)...
The Energy Regulatory Commission (ERC) has indicated that transmission firm National Grid Corporation of the Philippines (NGCP) will still be allowed eventually to recoup costs relating to programmed capital expenditure (capex) projects that were disallowed in the partial rate-setting rendered by...
Listed firm Alternergy Holdings Corporation (Alternergy) logged financial rebound in the current fiscal year with an income of P38 million, effectively reversing a net loss of P145.2 million in a comparable period last year. The company’s cash balance also escalated significantly by 113% to...
BUTUAN CITY – The Department of Public Works and Highways has disclosed that five high-impact road projects are ongoing in the Caraga region. DPWH-13 Director Pol delos Santos said these projects have a total length of 418.963 kilometers and a total budget of P64.311 billion. These are the Daang...
National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan said on Thursday, Sept. 21, that the Department of Environment and Natural Resources (DENR) and the Department of Information and Communications Technology (DICT) will sit as members of the NEDA Board’s Committee on...
President Marcos will soon issue an executive order (EO) that will expedite the processing of licenses and permits for the implementation of flagship infrastructure projects of the administration. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of PPA Pool/KJ Rosales) National Economic...
President Marcos said the government must build flood control infrastructures that are multi-functional to lessen flooding impacts in communities and agriculture areas. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Stressing that the impacts of climate change have...
The Senate Committee on Finance will carefully scrutinize all government projects under the proposed P5.768-trillion national budget for 2024 that are allegedly bloated by 328 percent. Sen. Sonny Angara (Senate PRIB Photo) Sen. Juan Edgardo “Sonny” Angara, chairman of the...
Public Works and Highways Secretary Manuel Bonoan disagreed that the construction of various infrastructure projects has affected the drainage systems and waterways in Bulacan and caused the massive flooding there recently. Councilors Coach Geli Bulaong and Troy Aldaba fearlessly went down into the...
Public Works and Highways (DPWH) Secretary Manuel Bonoan on Tuesday, Aug. 8, defended the agency’s flood-control projects amid mounting criticisms of unresolved problem of flooding. DPWH Secretary Manuel Bonoan (RTVM screenshot) Although the official admitted that there are some delays in...
