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Ayala Corp hopes Duterte infra projects take off soon

MANILA, Philippines –  Ayala Corp. hopes the Duterte administration’s planned infrastructure projects would soon hit the road running, saying that the country badly needs new railway systems, roads, bridges and airports. The Duterte administration is facing hurdles for its infrastructure projects. For instance, House Speaker Pantaleon Alvarez questioned the administration’s first public-private partnership (PPP) project, […]

PPA bats for Ro-Ro system

MANILA, Philippines –  The Philippine Ports Authority (PPA) is making a renewed push for the Roll on-Roll off (Ro-Ro) port system to heed the private sector’s call to improve facilities as operators are modernizing their fleet. PPA general manager Jay Daniel Santiago said his agency is collaborating with the Manila Sports Car Club to traverse […]

$5.5-M Concepcion port rehabilitation ready for bidding

http://www.bworldonline.com/content.php?section=Economy&title=$5.5-M-Concepcion-port-rehabilitation-ready-for-bidding&id=140124 ILOILO CITY — Bidding will soon be opened for the $5.5-million Northern Iloilo Fishery Rehabilitation and Development Project, located in Concepcion town in Iloilo province, following the green light for funding from the Korea International Cooperation Agency (KOICA). KOICA Country Director Shin Myung Seop, Iloilo Gov. Arthur D. Defensor Sr. and Concepcion Mayor Millard […]

Firm offers plan to build P52-B elevated highway

MANILA, Philippines – AKH General Contractor, a civil engineering company, plans to build a P52 billion elevated highway that would connect the cities of Manila to Taguig through the Pasig River. The company, owned by Filipino-Chinese businessman Armando Khong Hun, has submitted to the Duterte administration an unsolicited proposal for the project last year and […]

Gov’t reviews 3 major road projects

The government wants a closer look at three major road projects, including Davao City’s first expressway and a tollroad in Metro Manila that would link the cities of Manila, Makati, Pasig and Marikina. Information released by the Department of Public Works and Highways showed that its secretary, Mark Villar, had authorized the procurement of consulting […]

Megawide-led group targets Q1 groundbreaking for ITS

MANILA, Philippines – MWM Terminals, the consortium of Megawide Construction Corp. and WM Property Management Inc., expects to break ground on the P2.5-billion Integrated Transport System (ITS) – Southwest public-private partnership (PPP) project within the first quarter. Megawide said the consortium plans the groundbreaking for the project within this quarter. Last October, the Department of […]

Iloilo malls switch to solar energy

Robinson’s Place and Gaisano Mall in Iloilo City have already switched to solar energy to contribute to cutting carbon emissions ILOILO CITY, Philippines – To cut the high cost of electricity in the city, more establishments here are converting to clean energy, specifically solar power. Despite the recent drop in power rates from around P13.50 […]

What’s driving PH property sector?

https://business.inquirer.net/224056/whats-driving-ph-property-sector It has probably become an opt repeated news by now: that the Philippine property sector is well poised to sustain the stellar performance it has seen in recent years. There seems to be no stopping the growth of real estate and consequently, its related industries, as current and expected developments support this optimistic forecast. […]

Bustling Fort Bonifacio remains attractive destination

https://business.inquirer.net/224059/bustling-fort-bonifacio-remains-attractive-destination It has been touted as one of the most bustling central business districts today, seen by investors as the next financial district, and currently regarded as the most coveted residential address by many. Fort Bonifacio has come a long way from being a former military base, to becoming a prime location where upscale property […]

Leechiu partners with CBRE Group

https://business.inquirer.net/224033/leechiu-partners-cbre-group Leechiu Property Consultants (LPC) has forged an alliance with the CBRE Group Inc., touted as the world’s leading real estate services and investment firm. This new partnership took effect starting January 1 this year, allowing LPC and CBRE to leverage their platforms to provide clients in the Philippines with a holistic range of commercial […]