The government's infrastructure spending surged 16.9 percent to P137.1 billion in September of this year, from P117.3 billion a year ago, according to the Department of Budget and Management (DBM). This increase was driven by robust investments in public works, transportation, and national defense...
New NAIA Infrastructure Corp. (NNIC), operator of the Ninoy Aquino International Airport (NAIA), is looking to ramp up the establishment of a new terminal to serve and accommodate a projected spike in the number of passengers to 50.2 million annually. At a news briefing over the weekend, NNIC...
Passenger experience at the Ninoy Aquino International Airport (NAIA) is expected to improve by 50 percent in the upcoming Christmas season amid improvements from New NAIA Infrastructure Corp.'s (NNIC) first 60 days since the takeover. In a briefing, Ramon S. Ang, NNIC president and chief...
Chelsea Logistics and Infrastructure Holdings Corp. narrowed its net loss by 71 percent in the first nine months of the year to P301 million from the P1.04 billion registered in the same period last year, largely due to its ongoing debt restructuring efforts. However, consolidated revenues rose by...
President Marcos has issued Executive Order (EO) No. 72 which adopts an integrated and harmonized process for formulation, approval, budgeting, implementation, and monitoring of master plans for the infrastructure sector. (MB file photo) In his EO, signed by Executive Secretary Lucas Bersamin on...
Budget Secretary Amenah F. Pangandaman has assured that public projects jointly funded with bilateral and multilateral development partners will be implemented as scheduled next year, as most of them formed part of the regular 2025 budget proposal. "So far, when I saw the GAB [general...
By DERCO ROSAL Infrastructure spending declined in August, mainly due to the weak disbursements made by the Department of Public Works and Highways (DPWH), Department of Budget and Management (DBM) data revealed. In a DBM report, the Marcos administration’s spending on infrastructure and...
Ramon Ang-led New NAIA Infrastructure Corporation (NNIC) braces itself for the expected influx of passengers at the Ninoy Aquino International Airport (NAIA) for the All Souls’ Day break. In a statement on Monday, Oct. 28, NNIC said it joined forces with industry stakeholders such as the Manila...
Senator Grace Poe said on Thursday, Oct. 24, that the malfunction of the baggage handling system which plagued hundreds of passengers at the Ninoy Aquino International Airport (NAIA) Terminal 3 must be resolved in the airport's ongoing rehabilitation. "The technical issue must be resolved with the...
Pangilinan-led conglomerate Metro Pacific Investments Corporation (MPIC) is selling its 50 percent stake in Philippine Coastal Storage & Pipeline Corporation (PCSPC) for about $255 million (P14.55 billion). In a statement, MPIC said it has entered into a definitive agreement to sell its stake...
Passengers at Ninoy Aquino International Airport (NAIA) are set to experience a faster Internet connection as its new operator upgraded wifi connectivity as part of its efforts to enhance services. In a statement, New NAIA Infrastructure Corporation (NNIC) said it partnered with telecommunications...
Despite a slight reduction in the government's infrastructure budget for 2025, the Marcos administration is banking on increased investments in Public-Private Partnership (PPP) projects to bridge the gap. In a statement, Budget Secretary Amenah F. Pangandaman confirmed that the proposed 2025 budget...
