The Department of Public Works and Highways (DPWD) has ordered its officials to implement stricter compliance to laws and policies relative to the imolemwntation of infrastructure projects in high-hazard areas, no build zones, and national protected areas. Photo: DPWH In a memorandum released to...
President Marcos has approved the review of the implementing rules and regulations (IRR) of the Build-Operate-Transfer (BOT) Law, the National Economic and Development Authority (NEDA) said. At the Economic Journalists Association of the Philippines (EJAP) forum on Wednesday, Aug. 17, Socioeconomic...
The Department of Finance (DOF) wants to amend the implementing rules and regulations (IRR) of the Build-Operate-Transfer (BOT) Law to lure private investments to Public-Private Partnerships (PPP). In a statement on Tuesday, Aug. 16, Finance Secretary Benjamin E. Diokno said the DOF is planning to...
State-run Government Service Insurance System (GSIS) has expressed interest to participate in the infrastructure program that the Marcos administration wants to pursue over the next six years. In a briefing, Jose Arnulfo “Wick” Veloso, GSIS president and general manager, said the pension fund...
China has revealed that it has been "negotiating technical issues" with the Philippines over its infrastructure projects, adding that it is open for more discussions on future projects under the new administration. President Ferdinand 'Bongbong' Marcos Jr. and Chinese Foreign Minister Wang Yi...
Neophyte Senator Mark A. Villar has filed the Build, Build, Build Act which seeks to institutionalize and create a 30-year National Infrastructure Program. Sen. Mark A. Villar Villar, a former Department of Public Works and Highways (DPWH) secretary, explained that this is in line with his...
The Export Import Bank of Korea-Economic Development and Cooperation Fund (KEXIM-EDCF) has sealed a loan to the Philippines to finance the engineering services for the Panay-Guimaras-Negros Island bridges project. In a statement, the Department of Finance (DOF) said that the Philippines and Korea...
Construction of the three bridges funded by the the Asian Development Bank (ADB) will commence this second quarter or within the last three months of the Duterte administration, the Department of Finance (DOF) said. In a statement, Finance Secretary Carlos G. Dominguez III said the $175.1-million,...
The next administration would need to continue the ongoing infrastructure projects of the current government to support foreign direct investment (FDI) inflows, the Department of Finance (DOF) said. Finance Chief Economist Gil S. Beltran said on Friday, March 25, that the ongoing infrastructure...
The Department of Finance (DOF) has proposed the creation of a risk management office (RMO) that will identify and evaluate contingent liabilities and other risks assumed by the government in relation to public private partnership (PPP) projects. In a statement, Grace Karen G. Singson said on...
Former senator Joseph Victor “JV” Ejercito on Friday expressed his belief the armed conflicts in the Philippines will “die a natural death” once the government addresses the roots of poverty, especially among rural communities. “When there’s already food, when there are jobs and...
Presidential candidate Ferdinand “Bongbong” Marcos, Jr. has vowed to pursue the construction of the proposed bridge that would link Iloilo, Guimaras and Negros Occidental should he win the presidency in the May 2022 elections. Marcos made the promise during the UniTeam’s political rally at...
