Philippines awards final two contracts for Malolos – Clark linePHILIPPINE National Railways (PNR) and the Philippines Department of Transportation (DOTr) have awarded the two remaining construction contracts for the 53km Malolos – Clark section of its North-South Commuter Railway (NSCR) project.The contracts, designated packages 2 and 3, cover...
Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts
Asian Economy
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Inflation
Investment in the Philippines
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Philippine Peso
Bloomberg: Philippines' Inflation Negative; Weak Peso Benefits Economy
Source: Bloomberg Business Week Negative Rate Signals Philippines Still Behind the Curve The second rate increase in two months isn’t going to help the beleaguered peso The Philippines stands out as the only country with a negative inflation-adjusted benchmark rate among Asian peers that have raised borrowing costs...
Vietnamese Ship Runs Aground in Philippines, Damages Artificial Reefs
Sarangani Bay. Photo: Wikipedia A Vietnamese cargo ship has run aground off Sarangani Bay in Mindanao the southern Philippines, damaging more than 200 artificial reefs that were built more than 10 years ago by environmental conservationists, authorities said Wednesday. The ship, the HTK Energy, was carrying a cargo...
Business World: $24-billion stock wipeout attracts top fund to the Philippines
THE PHILIPPINE Stock Exchange index has slumped around 18% from February to May. — PHILSTAR/KRIZ JOHN ROSALES AFTER losing $24 billion in value from its January peak, Philippine stocks are ready for a comeback. That’s according to Alan Richardson, an investment manager at Samsung Asset Management Co., whose...
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New Clark City
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To Rise $14 Billion USD "Pollution Free" Hi-tech City of New Clark, Philippines' 95 Km Sq size
New Clark's developers, BCDA Group and Surbana Jurong, plan to start construction in 2022. - BCDA Group
The Philippines is planning a $14 billion 'pollution-free' city that will be larger than Manhattan
Manila, the hyper-dense capital of The Philippines, is known for its traffic jams. In a 2016 survey, navigation company Waze ranked Manila as having the "worst traffic on Earth."
The city's reliance on cars also exacerbates its growing air-pollution problem.
As a possible solution to Manila's smog and gridlock, the country plans to build an entirely new, more sustainable city called New Clark.
Plans for the $14 billion development — which will be larger than Manhattan — call for drones, driverless cars, technologies that will reduce buildings' water and energy usage, a giant sports complex, and plenty of green space.
A rendering of New Clark, a planned city for the Philippines. BCDA Group
Over the next three decades, the Philippines aims to build out New Clark about 75 miles outside Manila.
According to the development's plan, the city will eventually stretch 36 square miles — a land area larger than Manhattan — and house up to 2 million people.
New Clark will be divided into five districts, each with a specific function: government, business, education, agriculture, and recreation.
While New Clark's exact design is not fleshed out, developers say the urban plan will prioritize environmental sustainability and climate resilience.
The Philippines is planning a $14 billion 'pollution-free' city that will be larger than Manhattan
Manila, the hyper-dense capital of The Philippines, is known for its traffic jams. In a 2016 survey, navigation company Waze ranked Manila as having the "worst traffic on Earth."
The city's reliance on cars also exacerbates its growing air-pollution problem.
As a possible solution to Manila's smog and gridlock, the country plans to build an entirely new, more sustainable city called New Clark.
Plans for the $14 billion development — which will be larger than Manhattan — call for drones, driverless cars, technologies that will reduce buildings' water and energy usage, a giant sports complex, and plenty of green space.
A rendering of New Clark, a planned city for the Philippines. BCDA Group
Over the next three decades, the Philippines aims to build out New Clark about 75 miles outside Manila.
According to the development's plan, the city will eventually stretch 36 square miles — a land area larger than Manhattan — and house up to 2 million people.
New Clark will be divided into five districts, each with a specific function: government, business, education, agriculture, and recreation.
While New Clark's exact design is not fleshed out, developers say the urban plan will prioritize environmental sustainability and climate resilience.
With a minimum elevation of 184 feet above sea level, the city will likely not see much flooding.
To reduce carbon emissions, two-thirds of New Clark will be reserved for farmland, parks, and other green space.
The buildings will incorporate technologies that reduce energy and water usage.
Driverless cars, running on electric energy rather than CO2-emitting gas, will roam the streets.
Additionally, the city will feature a giant sports stadium and an agro-industrial park.
New Clark's developers, BCDA Group and Surbana Jurong, plan to start construction in 2022.
A new railway line could reduce the travel time between the two cities in half.
In late May, BCDA started the bidding process for companies to design, build, finance, operate, and maintain power and water systems in New Clark City.
The Philippines also struggles with economic development, and building an eco-city from scratch will come with a hefty price tag.
According to Wong, public-private partnerships will help finance the project.
In recent years, countries around the world — especially China — have unveiled plans for pie-in-the-sky urban developments.
Building cities from scratch rarely solve existing problems, but designing them can help urban planners imagine what's possible.
The fate of this project is still in the hand of the Duterte Administration as Budget is always required, though this project is feasible but priorities are also queuing.
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First Batch of Qatari & Saudi investors Arrive the Philippines for Palawan, Visayas and Mindanao Million Dollar Projects
MOUs worth amounting to US$ 206 million were signed this afternoon between Qatari local companies and the Philippines Economic Zones Authority (PEZA) Photo: Asian Telegraph Qatai 1st batch of investors from Qatar, Mideast visit Philippines The first batch of investors from Qatar and the Middle East has visited...
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Philippines Rejects EU $278 Million USD Remote Control Fund Loan Grant
Philippines rejected EUROPEAN UNION $278 Million USD Remote Control Fund Loan Grant for 2017 Philippines Rejects European grants The Philippines will no longer accept grants from the European Union, the EU delegation to Manila said Thursday, following repeated tirades from President Rodrigo Duterte over its criticism of his...
Malaysia inspects North Korean coal ship for possible U.N. sanctions breach
North Korean Cargo Ship "KUM YA" (former Lucky Star 7) By James Pearson, Rozanna Latiff and Tom AllardKUALA LUMPUR, March 29 (Reuters) - Malaysia briefly prevented a North Korean ship carrying coal from entering its port in Penang because of a suspected breach of United Nations sanctions, a...
Business
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Solar Philippines Breakground $150 Million USD Solar Farm in Tarlac
At the ceremonial groundbreaking of the 150-MW Tarlac solar farm, with the first ‘Made in the Philippines’ panels by Solar Philippines are (from left): Energy Secretary Alfonso Cusi, Solar Philippines president Leandro Leviste, Tarlac Governor Susan Yap and Concepcion Mayor Andy Lacson Photo: PhilSTAR Solar pioneer starts 150-MW...
Philippines' hits $7.93 Billion USD Foreign Direct Investments (FDI) in 2016
Philippines' hits $7.93 Billion USD Foreign Direct Investments (FDI) in 2016 Philippines’ FDI inflow hits record high in 2016 THE PHILIPPINES received a record $7.93 billion in actual foreign direct investment (FDI) last year, as sound macroeconomic fundamentals overshadowed the uncertainties brought about by leadership changes within and...
Philippine Export Rose Up 22.5% to $5.1 Billion USD - Fastest in 3 Years
Electronics Export in the Philippines Rose up 22.5% January to $5.1 Billion US Dollars Exports from the Philippines grew at their fastest clip in three years in January as shipments of electronics took off. Exports rose at their quickest pace in three years in January on demand for...
President Duterte at the Ground Breaking of ₱27 billion Cebu-Cordova Link Expressway in Cebu Philippines
Ground Breaking of Cebu-Cordova Link Expressway Around 300 officials in Central Visayas joined with President Rodrigo Duterte in the groundbreaking ceremony for the ₱27 billion Cebu-Cordova Link Expressway. The event will take place in Cordova town at 3 p.m. but prior to that, Duterte will hop on a...
US-Asean Business Council upbeat on Philippine Economic Prospects
In Photo: Members of the US-Asean Business Council (US-ABC) hosted a roundtable for Trade Undersecretary Nora K. Terrado on February 22 in Washington, D.C.Photo: Business Mirror ‘FOR the first time in three years, the Philippines made it to the worldwide list of top 20 investment destinations of multinational...
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Pantawid Gutom Cash Transfer in the Philippines Lauded by World Bank as world's best
Conditional cash transfer beneficiaries PHOTO FROM BLOGS.ADB.ORGPH cash transfer program among world’s best–World BankThe World Bank gave the country’s conditional cash transfer (CCT) program high marks, saying it was one of the “largest and best-targeted social safety net programs in the world.”Ruslan Yemstov, World Bank’s leading economist on...
Controversial ₱700-million Iloilo Convention Center opens for APEC Summit
PNoy opens Iloilo Convention CenterMANILA, Philippines - President Benigno Aquino III led on Monday the inauguration of the controversial ₱700-million Iloilo Convention Center (ICC).Aquino opened the state-of-the-art convention facility located on a 1.7-hectare lot in Iloilo Business Park, Mandurriao, Iloilo City.The ICC became controversial last year after former...
Philippines inflation falls to two-decade low
Philippines, Investment in the Philippines, Asia, Economy, Inflation, Deflation Image source: The Financial Times If you need evidence that the world faces a "third deflationary wave," look no further than the Philippines. Annual inflation in the Philippines was just 0.6 per cent in August, the lowest reading in more than...
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Hanjin unveils first Philippine-made 180 Meters Kaprijke LPG carrier for Belguim's Savery
First Philippine Made 180 meters long LPG carrier ship. image: philSTARHanjin unveils first Philippine-made LPG carrierSUBIC BAY FREEPORT, Philippines – Korea’s shipbuilding giant Hanjin Heavy Industry and Construction Co., Ltd.–Philippines (HHIC-Phil) recently unveiled the first-ever Philippine-made Liquefied Petroleum Gas (LPG) carrier.The LPG carrier measures 180 meters in length,...
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Texas Instruments invests $10 million to expand Philippines facility
Texas Instruments is a world leading manufacturer of Integrated Circuits (IC) used for mobiles phones and other electronic gadgets. Image: dallasnews.comTexas Instruments Inc. has confirmed that it’s investing $10 million to expand its product distribution center in Clark Freeport, the Philippines.A groundbreaking ceremony took place there last week,...
Asian Economy
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Philippine natural and organic products to be featured in Maryland, USA trade show September
Nine Philippine companies will be joining the Natural Products Expo East, the largest natural, organic, and healthy products event in the US East Coast, from September 17 to 19 at the Baltimore Convention Center in Maryland. STAR/File photoMANILA, Philippines — Nine Philippine companies will be joining the Natural...
Silverpack investing ₱500 Million for Philippine plant
In an interview, a Silverpack official said the company plans to conquer Southeast Asia over the next decade through aggressive expansion of its manufacturing facilities and sales office across the region. image: philSTARMANILA, Philippines - Multinational packaging firm Silverpack Sdn Bhd is looking to invest ₱500 million to...
Investment Recommendation: Bitcoin Investments
Live trading with Bitcoin through SimpleFX Trading platform would allow you to grow your $100 to $1,000 Dollars or more in just a day. Just learn how to trade and enjoy the windfall of profits. Take note, Bitcoin is more expensive than Gold now.
Live trading with Bitcoin through SimpleFX Trading platform would allow you to grow your $100 to $1,000 Dollars or more in just a day. Just learn how to trade and enjoy the windfall of profits. Take note, Bitcoin is more expensive than Gold now.
For Philippine customers: You could buy Bitcoin Online at Coins.ph
For outside the Philippines customers may buy Bitcoins online at Coinbase.com