Nearly three-fourths of the loan for a flood control project in Metro Manila that the World Bank extended to the Philippines seven years ago remained unspent even as this financing is scheduled to end before yearend. A Sept. 30 implementation status and results report seen by Manila Bulletin...
Despite the "heavy lifting" that the Bangko Sentral ng Pilipinas (BSP) is undertaking by slashing interest rates to support economic growth, lingering structural challenges in the economy like the lack of infrastructure and prevalent corruption continue to dampen near-term Philippine prospects,...
MB file photo Last night, a memorandum from San Miguel Corporation's New NAIA management was being circulated by concerned motorists. In that memo, New NAIA Infra Corp. (NNIC) outlined the new parking fees across all terminals. The memo detailed the new parking rates that are now P50 for the...
A $100-million financing backed by the China-based Asian Infrastructure Investment Bank (AIIB) is eyeing climate transition investments in the Philippines and other Asia-Pacific countries. In a Sept. 30 statement, the AIIB noted that three-fourths of the total commitment, or $75 million, is for the...
A whopping scale of capital mobilization that will reach as much as $500 billion (roughly P27.5 trillion) will have to be concretized so the country’s energy systems will be substantially decarbonized, according to the Department of Energy. As cited by the energy department, “the Philippines is...
Prime Waste Solutions Pampanga Inc. (PWS Pampanga), a subsidiary of Razon-led Prime Infrastructure, has been tapped by the Clark Development Corporation (CDC) as the lone service provider for waste management in Clark, Pampanga. During a memorandum signed last Sept. 16, PWS Pampanga was accredited...
"We waited for this for such a long time." Many years after its inception, the P8.3-billion Panguil Bay Bridge Project is finally ready to service the people from Tangub City in Misamis Occidental and Tubod town, Lanao del Norte. INCREASED CONNECTIVITY — President Ferdinand 'Bongbong' Marcos Jr....
Davao tycoon Dennis A. Uy’s Chelsea Logistics and Infrastructure Holdings Corporation has tapped former Philippine Airlines President Gilbert F. Santa Maria as the newest member of its board of directors as the firm tries to return to profitability. In a disclosure to the Philippine Stock...
Danish firm Copenhagen Infrastructure Partners (CIP) is eyeing to diversify its capital formation for renewable energy (RE) projects in the country, with its investment sight now expanding into solar and energy storage systems. The Danish firm first entered the Philippine market last year with its...
San Miguel-led New NAIA Infra Corporation (NNIC), the new private operator of the Ninoy Aquino International Airport has launched the official website and social media pages of NAIA as the transformation of the Philippines’ primary gateway begins. The new website, www.newnaia.com.ph, focuses on...
San Miguel Corp.’s New NAIA Infra Corp. (NNIC) has remitted its upfront payment for the Ninoy Aquino International Airport (NAIA) public-private partnership (PPP) project, the Department of Finance (DOF) said. In a statement, Finance Secretary Ralph G. Recto said the P30 billion payment, made...
The Legaspi Ballroom, on the second floor of the posh Makati Diamond Residences, was a lion’s den for journalists, with the head honchos of the airline industry, tourism, and airport officials in attendance. The Monday event, Aviation Forum, organized by the Economic Journalists Association of...
