The government is looking into hybrid financing or a mix of foreign aid and loans to jump-start the infrastructure projects in the pipeline. Separately, Budget Secretary Benjamin E. Diokno said on Monday that the government would closely monitor the infrastructure projects to be rolled out this year through geo-tagging in a bid to fast-track implementation. […]
Integrated energy firm Semirara Mining and Power Corp (SMPC) is alotting up to $6.4 million (P320 million) for its host community infrastructure and livelihood projects this year in the Philippines. The spending is in line with the company’s 5Es program which aims to reduce poverty and facilitate development in its host community using a sustained, […]
AYALA MALLS will have invested P16 billion upon completing its sixth shopping center scheduled to open within the year. The mall business of listed property developer Ayala Land, Inc. earmarked such an amount for disbursement over a three-year period, its head Rowena M. Tomeldan said in an e-mail correspondence. In an earlier interview, Ms. Tomeldan […]
DAVAO CITY — Gatchalian-owned Waterfront Philippines, Inc. (WPI) has laid out a 10-year masterplan for its Waterfront Insular Hotel Davao, which will turn one of the city’s oldest hotels into a mixed-use leisure complex. The masterplan, presented by the Gatchalians to President Rodrigo R. Duterte in Malacañang last week, aims to use the vacant spaces […]
After several months of delay, Okada Manila is set to formally open its doors next month to make the $2-billion development the biggest integrated casino resort in the country. In an interview with the Inquirer, Philippine Amusement and Gaming Corp. chair Andrea Domingo said the sprawling casino hotel complex—owned by Japanese gaming tycoon Kazuo Okada—is […]