Top News
Building permits decline in February but projects size, value higher
The number of building permits issued in Feburary declined from the year-earlier period but the size of the real estate developments and their total value surged, data from the Philippine Statistics Authority showed, suggesting strong growth for the construction and property sectors in the months ahead.
Court recall of expropriation order endangers 500-kV NGCP transmission line
The National Grid Corporation of the Philippines (NGCP) has appealed for the government to intervene and help clear the impediment thrown at its 500-kiloVolt transmission project in Cavite that risks the delivery of electricity not only in Luzon and Metro Manila but even beyond.
National Treasury sets auctions for P45 billion in government securities
The Bureau of the Treasury (BTr) is scheduled to auction next week P45 billion worth of treasury bills and bonds to help fund the government’s spending program for this year.
Government rejects P2.5-billion MPTC direct negotiation offer for MCTEP
The Public Estates Authority Tollway Corp. (PEATC) on Friday rejected the Metro Pacific Tollways Corp. (MPTC) offer to buy out the interest of the government in the Manila Cavite Toll Expressway Project (MCTEP) for only P2.5 billion.
D&L Industries claims technologies to recycle single-use plastics
Listed D&L Industries Inc. said Friday after years of research and development, it can now claim to be the first and only company in the country to offer technologies which allow the recycling of single-use plastics and other products considered low-value or non-recyclable.
