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  • Bangko Sentral hikes interest rates for 5th time to curb inflation

    November 15, 2018 8:33 AM 24

    The Bangko Sentral ng Pilipinas projects inflation to settle at 5.3% in 2018, then significantly drop to 3.5% in 2019 MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) again hiked interest rates on Thursday, November 15, to rein in stubbornly high inflation. The BSP has hiked interest rates for a total of 175 basis points this year, playing

  • LOOK: Laguna Lake Highway in Taguig now open

    November 15, 2018 5:58 AM 28

    The highway, which cost P1.28 billion to build, also features a 3-meter-wide bicycle lane MANILA, Philippines – The newly completed P1.28-billion Laguna Lake Highway in Barangay Lower Bicutan, Taguig City, is now open. The Department of Public Works and Highways (DPWH) inaugurated the 6.94-kilometer highway on Thursday, November 15. The highway, which

  • DPWH reopens bridge connecting Tagaytay to Lemery, Batangas

    November 13, 2018 10:42 AM 27

    MANILA, Philippines – The Department of Public Works and Highways (DPWH) on Tuesday, November 13, reopened the bridge along Diokno Highway in Calaca, Batangas, two years after it was closed in 2016. The highway, which connects Tagaytay City in Cavite to Lemery in Batangas, was formerly known as Tagaytay-Junction-Calaca-Lemery Road. It was closed due to road slips

  • Makati subway project promises 6,000 jobs

    November 12, 2018 7:50 AM 31

    Here are the features and promises of Makati's Public Rail Transport, which is expected to be completed by 2023 It is a joint venture between the city government of Makati and a consortium of local and foreign investors. The the 30-year concession covers maintenance and repair of the coaches and the control hub. “The Makati subway project will create

  • More flights to be canceled as NAIA upgrades air traffic system

    November 8, 2018 3:53 AM 34

    MANILA, Philippines – Flights will be disrupted as the Philippine government is set to upgrade the Manila airport radar system mid-November, in a bid to enhance navigational capabilities. In a statement on Thursday, November 8, the Civil Aviation Authority of the Philippines (CAAP) announced that domestic and international flights will be reduced at NAIA from November

  • Uneven playing field? Disqualified bidders slam 3rd telco rules

    November 7, 2018 8:07 AM 37

    PT&T and Sear Telecom both need to pay a non-refundable appeal fee of P10 million, if they choose to file motions for reconsideration on their disqualification MANILA, Philippines – The two disqualified bidders for the 3rd major telecommunications player slot are not going down easily without a fight, as both vowed to take their battles to court

  • PH, Japan finalize details of P18-billion MRT3 rehab loan

    November 7, 2018 6:10 AM 33

    The signing of the P18-billion loan agreement will be done on Thursday, November 8 On Wednesday, November 7, Philippine Foreign Secretary Teodoro Locsin Jr and Japanese Ambassador to the Philippines Koji Haneda exchanged notes on the MRT3 rehabilitation loan deal at the Department of Foreign Affairs, witnessed by Railways Undersecretary Timothy John Batan

  • Duterte inaugurates Parañaque Integrated Terminal Exchange

    November 5, 2018 11:30 AM 40

    The Department of Transportation says the PITX will begin operations in the second week of November The PITX is the Philippines' first "landport," which offers provincial and in-city transportation transfers between Metro Manila and nearby provinces. (LOOK: The Parañaque Integrated Terminal Exchange) The President himself went around the facility on Monday

  • NAIA terminal fee to increase in April 2019

    October 31, 2018 5:07 AM 42

    The terminal fee will go up from P550 to P750 for international flights, and from P200 to P300 for domestic flights MANILA, Philippines – The Ninoy Aquino International Airport (NAIA) terminal fee for international and domestic flights will be increased beginning the 2nd quarter of 2019. In a media briefing, Manila International Airport Authority (MIAA)

  • Infrastructure continues to boost gov't spending in August 2018

    October 23, 2018 6:41 AM 35

    Bulk of infrastructure and capital outlay disbursement in August goes to public works and military communication equipment MANILA, Philippines – Disbursements for infrastructure and capital outlay continued to boost government spending in August at P68.4 billion, which is 70.5% or P28.3 billion higher than the previous year. In its latest report on disbursements