New TBM set to accelerate Metro Manila subway construction
The Department of Transportation (DOTr) has deployed a third tunnel boring machine (TBM) at the Camp Aguinaldo Station to accelerate the construction of the ₱488.5-billion Metro Manila Subway Project (MMSP), in line with President Ferdinand Marcos Jr.’s directive to fast-track mass transit development.
Meralco signals rate hike due to peso weakness
Manila Electric Co. (Meralco) has warned of a potential rate increase for October due to the weaker performance of the Philippine peso against the US dollar.
APECO eyes partnerships with Spanish firms for infrastructure development
The Aurora Pacific Economic Zone and Freeport Authority (APECO) is exploring partnerships with Spanish engineering firm IDOM Consulting and event management leader Fira Barcelona following its recent investment mission to Spain.
SEC orders Villar Land appraiser to explain
The Securities and Exchange Commission (SEC) has issued a show cause order to E-Value Phils. Inc., the asset appraiser of Villar Land Holdings Corp., over concerns on the valuation of several properties under the Villar group.
New Earth breaks ground on Iloilo water project
New Earth Water System Inc., a wholly owned subsidiary of Boracay Tubi System, Inc. (BTSI), has officially broken ground on the New Earth Iloilo Water Supply Project, a major infrastructure initiative aimed at addressing Iloilo’s growing demand for clean, reliable water.
