Cabinet-level interagency Development Budget Coordination Committee (DBCC) has projected weaker state spending on infrastructure for 2027, even as the government seeks to revive flood control funding. According to the updated national government fiscal program for 2025 through 2029, the DBCC...
The Philippine economy faces an uphill battle in the second half of 2026 after posting its weakest post-pandemic growth, with private sector economists warning that faster infrastructure spending, easing inflation, and stronger investor confidence will determine whether the country can meet the...
The Philippines is lining up another $3.5 billion in loans from the Asian Infrastructure Investment Bank (AIIB), the Asian Development Bank (ADB), and the World Bank, based on preliminary project documents, adding to the previously identified $8.9-billion indicative pipeline of multilateral...
A Metro Manila congressman wants to institutionalize the periodic inspection and maintenance of national government infrastructure projects, and in effect allow the Department of Public Works and Highways (DPWH) access to these sites or locations. Parañaque City 2nd district Rep. Brian Raymund...
Malacañang trusts that Senator Panfilo Lacson will not allow any calls for a truce with Senator Alan Peter Cayetano to compromise the ongoing investigation into the infrastructure projects in Taguig City. Palace Press Officer and Communications Undersecretary Claire Castro said that, given Senator...
Dear President Ferdinand R. Marcos Jr., Don’t leave pedestrians and cyclists behind. Every State of the Nation Address tells us where our country is headed. This year, I listened as someone who has spent the past several years working alongside people who rely on our roads every day, not behind...
Kansai Electric Power Co. agreed to acquire a 14 percent equity stake in the parent company behind the 600-megawatt energy storage facility in the Philippines, the Japanese utility’s maiden investment in an overseas pumped storage hydropower project. In a disclosure to the Philippine Stock...
Government infrastructure spending shrank by almost 43 percent in the first five months of the year, as tightened governance protocols and stricter validation procedures delayed capital disbursements across major public works projects. According to the latest national government disbursement report...
Three multilateral lenders are expected to greenlight up to $8.9 billion, equivalent to about ₱549 billion, in new loans over the next two years before the Philippines’ upper-middle-income-country (UMIC) status limits the country’s access to concessional financing in the coming years....
Crystal Bridges Holdings Corp., the holding company controlled by the family of billionaire retailer Lucio Co, has allocated ₱6.7 billion for the initial phase of a multi-year program to rehabilitate and expand Primewater Infrastructure Corp. following its acquisition of the utility in May. In a...
President Marcos has approved several initiatives in public transport, education, energy, disaster resilience, and artificial intelligence (AI), Malacañang said. Marcos presided over the 10th Economy and Development (ED) Council Meeting on July 7, where he approved key initiatives to improve...
The Ayala Group’s Bank of the Philippine Islands (BPI) reinforced its leadership in sustainable finance, supporting some of the country’s largest and most transformative renewable energy (RE) projects through a series of landmark financing deals worth a total of ₱376 billion. Helping advance...
