Economy
US expects Luzon corridor projects to outlast Marcos
The US expects Luzon Economic Corridor (LEC) investments to continue beyond the Marcos administration, saying long-term infrastructure projects should survive political transitions and keep delivering economic benefits.
Maharlika deploys P25.4B, builds port logistics platform
Maharlika Investment Corp. (MIC) has deployed about P25.4 billion since it began investing, with its acquisition of listed port operator Asian Terminals Inc. (ATI) forming the foundation of a broader port and logistics platform for the Philippines.
Luzon corridor puts $20-B project pipeline before investors
The Philippines put more than USD20 billion worth of infrastructure and industrial projects before about 600 local and foreign investors, seeking to turn the Luzon Economic Corridor (LEC) from a development blueprint into a pipeline of fundable deals.
PSAC urges shift from disaster response to preventive investment
The Private Sector Advisory Council is urging the government to shift from responding to disasters after they occur to investing ahead of risks, calling for tougher construction standards, major flood-control measures, and faster approval of critical water projects.
Cerberus eyes more PH investments after $500-M Agila turnaround
Cerberus Capital Management is looking to expand its Philippine investments after turning around the former Hanjin shipyard in Subic, where investments by the US firm and its tenants have reached USD500 million and created about 6,000 jobs.
