The year-old suspension of reclamation activities along Manila Bay is costing San Miguel Corporation hundreds of millions of dollars in additional costs in building the P734-billion Bulacan International Airport.
The Department of Transportation (DOTr), as part of the larger goal of relieving Metro Manila of its horrendous traffic management problems, is exploring the idea of privatizing the operations and maintenance (O&M) of Metro Rail Transit Line 3 (MRT-3) and the Light Rail Transit Line 2 (LRT-2) as separate programs.
Moody’s Ratings (Moody’s) affirmed the country's investment-grade rating of “Baa2” with a “stable” outlook, the Bangko Sentral ng Pilipinas said on Friday.According to the BSP, the credit rating agency cited as key factors the country’s reforms to liberalize the economy, fiscal consolidation efforts, and robust macroeconomic fundamentals.
The Malampaya consortium led by Prime Energy Resources Development BV is on track towards extending the life of the Malampaya gas field with the award of a USD180 million contract to Allseas Nederland (Brasil) B.V.