Sumitomo and JR East's $556m contract follows 2019 commuter rail dealPhilippines orders 240 Japanese train cars for first Manila subwayJapanese trading house Sumitomo Corp. and an East Japan Railway unit announced Monday that they won a 57.5 billion yen ($556 million) order for train cars that will serve...
Showing posts with label Investment in the Philippines. Show all posts
Showing posts with label Investment in the Philippines. Show all posts
₱778 Billion Railway 95 KM Connecting Connecting Manila to Clark will open on 2022
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...
Business
Fidel V. Ramos
Iligan City
Investment in the Philippines
Malaysia
Mayor Celso Regencia
Mindanao
National Steel Corporation
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NSC
Philippines
Regional News
European Investor to Pour €4 Billion Euros to Revive National Steel Corporation in Iligan City
Iligan City — A new, state-of-the-art fully integrated steel mill is poised to rise again in this once touted as the industrial city of the south. Iligan City Mayor Celso Regencia has acknowledged last week the intent of a foreign-funded consortium in the amount of 4B euros for...
The Philippines Per Capita GDP Has Reached An All-Time High Under Duterte
Erik De Castro | Reuters Philippine President Rodrigo Duterte The average Filipino is doing better under Duterte. When it comes to Per Capita Gross Domestic Product (GDP), that is. That’s a measure of the total output of a country divided by the number of people in that country....
Asian Economy
Business
Economy
Inflation
Investment in the Philippines
Philippine Economy
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...
Economy
Environment
Investment in the Philippines
Investments
Luzon
New Clark City
Philippines
Technology
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.
FINALLY: LTFRB asks UBER to pay discounted ₱190 Million to lift the remaining 2 weeks Suspension
Drivers and operators of UBER System Inc., gather and meet outside its main office in Mandaluyong City, August 15 2017, a day after the Land Transportation and Franchising and Regulatory Board suspended its accreditation and operation. Photo: Manila Bulletin The LTFRB late Friday night (25th August 2017) announced...
UBER Asked to pay LTFRB ₱6 Billion to avoid 1-month suspension: Too much
Uber Philippines asked to pay ₱6 Billion to avoid 1-month suspension. Photo: Tech Wire Asia A transport group leader on Wednesday claimed that Transport Network Company (TNC) Uber Systems Inc. should pay a fine of P6 billion—and not ₱10 million as ordered by the government—in place of its...
Business
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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...
Business
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European Union
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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...
Bullet Train
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Golden age of infrastructure
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DuterteNomics Unveiled First Subway in The Philippines, Completion of 4 railways in 2022 New Airports, Seaports, Railways, Roads & Bridges
Slide presented at the "Dutertenomics" forum on Tuesday, April 18, 2017 where President Rodrigo Duterte's top officials introduced planned construction projects. DOTr/Released DuterteNomics blueprint unveiled the build, build, and build for the “golden age of infrastructure,” in the Philippines. ₱227 Billion - First Subway in the Philippines for...
Business
China
Investment in the Philippines
Japan
LNG
Malampaya Gas
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Russia
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China, Japan, Korea, Russia compete for $2 Billion Nuclear Plant, LNG Philippines Gas project
Russia Floating Nuclear Power Plant Technology. illustration: popsci.com China, Japan compete for $2bn Philippine gas project China and Japan are competing for a $2-billion liquefied natural gas (LNG) project in the Philippines, Energy Secretary Alfonso Cusi told the Nikkei Asian Review. Over 20 companies from eight countries have proposed...
Business
Investment in the Philippines
Mindanao
Nuclear
Philippines
Power Plant
Renewable Energy
Sulu
Philippines to Build First Operational 100 Megawatt Nuclear Power Plant in Sulu this Year
Modern Nuclear Power Plant Diagram Department of Energy considering Sulu as site for nuclear plant this year Sulu Archipelago in western Mindanao is non-typhoon and non-earthquake prone areas with almost Zero fault line an is among the areas being eyed for a modular nuclear power plant as the...
Smartphone boom driving jump in digital payments in the Philippines
A motorist pays toll at the North Luzon Expressway with a PayMaya-issued card. PayMaya offers a smartphone app that allows users to create a "virtual" credit card, without needing a bank account.PHOTO: PAYMAYA In the Philippines, cash is still king. Just one in 10 Filipinos transact online via...
Wilcon to raise ₱7 Billion Php in Philippines’ 1st IPO this year
Wilcon Depot San Pablo. Photo: Inquirer WILCON Depot, Inc. is raising ₱7 billion in the first initial public offering (IPO) this year after pricing the deal at the low end of its target range. In a statement released on Friday, First Metro Investment Corp. (FMIC) Executive Vice-President Justino...
Business
Economy
Investment in the Philippines
Luzon
Philippines
Renewable Energy
Solar Energy
Solar Power Plant
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...
ASIA: China's Yuan Top, 2nd: Philippine Peso - Real effective exchange rate S&P Rating
China's Yuan and Philippine Peso - leading currencies in the Asia Pacific China’s yuan strongest real effective exchange rate, PHL peso second The Chinese currency rose as the strongest in terms of real effective exchange rates among nine Asia-Pacific countries, followed by the Philippines peso, Standard & Poor’s...
Seven Japanese trading houses investing $3.9b in Philippines
Sumitomo Farming Technology Seven major Japanese trading houses are looking at investing up to $3.9 billion (₱198.5 billion) in different industries in the Philippines. After his recent trip to Tokyo, Department of Trade and Industry (DTI) secretary Ramon Lopez disclosed on Monday (March 13) that the Japanese companies...
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