Razon-led International Container Terminal Services Inc. (ICTSI) has secured a $300-million loan from the Beijing-based Asian Infrastructure Investment Bank (AIIB) to support the expansion and upgrade of three container terminals across the Philippines. In a statement on Wednesday, May 20, ICTSI...
The Marcos administration’s infrastructure spending plunged by more than two-fifths in the first quarter, dealing a significant blow to state-led economic momentum as agencies tightened oversight following the high-profile corruption scandal. According to the latest national government...
Lopez-led First Gen Corp. is betting that its ₱50 billion partnership with billionaire Enrique Razon Jr. will provide the scale necessary to insulate local grid from volatile energy markets, defending the sale of its majority stake in the natural gas portfolio as a move to prioritize cheaper...
The Marcos administration’s infrastructure pipeline has swelled to 252 public-private partnership (PPP) projects valued at ₱3.16 trillion, as a surge in massive railway developments across the country drives the primary development agenda. Data from the PPP Center showed the transportation...
“There’s no place like home” is more than a familiar phrase—it reflects a growing tension between development and responsibility. In the Philippines, where infrastructure expansion continues at a rapid pace, that tension is visible in the intersection of urban growth, environmental risk,...
Government infrastructure spending shrank by nearly two-fifths to ₱88.7 billion in the first two months of the year as project completions and the rollout of the current budget slowed progress billing. According to the national government (NG) disbursement report by the Department of Budget and...
The majority shareholders of the Lopez family have petitioned the Securities and Exchange Commission (PSE) and the Philippine Stock Exchange (PSE) to investigate First Gen Corp. over alleged disclosure violations involving “poison pill” provisions in agreements with Prime Infrastructure...
Vice President Sara Duterte on Wednesday, April 22, warned that corruption in climate infrastructure projects in the Philippines poses a “direct threat to national security,” as the country faces increasingly destructive storms. In her Earth Day 2026 message, Duterte cited the devastation...
First Philippine Holdings Corp. (FPH) indefinitely postponed its annual shareholders’ meeting as bitter internal feud between factions of the Lopez family spills over into the boardroom of one of the country’s most prominent conglomerates. The company informed the Philippine Stock Exchange on...
First Gen Corp. clarified the inclusion of “Key Man” clauses in its hydropower joint venture with Prime Infrastructure Capital Inc., dismissing descriptions of the management control provisions as a “poison pill” and asserting the terms were a requirement of its partner. The power producer...
First Gen Corp. confirmed that it faces a potential financial hit of more than ₱23 billion if Federico “Piki” Lopez is ousted from leadership, disclosing “poison pill” clauses in its partnership with ports, and gaming magnate Enrique K. Razon Jr.’s Prime Infrastructure Capital Inc. In...
Amid a national energy emergency, government response to the oil crisis is expected to accelerate spending in the first half of the year, reversing a slump in infrastructure expenditures last year in the aftermath of the flood-control corruption scandal. According to the Department of Budget and...
