PHL urged to upgrade cybersecurity infrastructure, policies

A SOUTH KOREA cybersecurity solutions company said the Philippines urgently needs to fast-track upgrades to its cybersecurity infrastructure and policies as it emerges from the pandemic. “There’s no doubt that digitalization in the Philippines is heading in the right direction,” NETAND Chief Executive Officer Hochul Shin said in a statement on Wednesday. “Now that the […]

Marcos to seek out potential infra, agri investors at Davos

PRESIDENT Ferdinand R. Marcos, Jr. said he will seek out potential partners for his agriculture and infrastructure development plans at the Davos conference in Switzerland. In his pre-departure speech, Mr. Marcos added that he will pitch potential locators on the Philippines’ readiness to receive multinationals seeking to expand their operations in Asia. “I will draw […]

Infrastructure spending sharply lower in October on month-on-month basis

INFRASTRUCTURE spending fell 38.3% month on month in October to P61.2 billion, according to the Department of Budget and Management (DBM). The DBM said on Tuesday that on a year-on-year basis, expenditure on infrastructure and other capital outlays rose 0.5%. The DBM said in October, disbursements fell for the Armed Forces of the Philippines Modernization […]

Tourism brings in P149B; Gov’t banks on PPPs to boost sector

THE TOURISM industry generated P149 billion in tourism revenues as of November this year, according to Malacañang. Citing the Department of Tourism’s (DoT) yearend accomplishment report, the Office of the Press Secretary (OPS) said 2.4 million foreigners entered the Philippines this year, exceeding the target of 1.7 million international arrivals after border restrictions were lifted […]

Palace touts over 1,000 kms of roads built, repaired since July

THE GOVERNMENT has constructed and rehabilitated more than 1,000 kilometers of roads from July to November this year, according to Malacañang, as the Marcos administration vowed to provide infrastructure for unhampered transport of goods in the countryside. In a statement, the Office of the Press Secretary (OPS) said the Department of Public Works and Highways […]

Expanded private sector role eyed in DPWH projects

THE DEPARTMENT of Public Works and Highways (DPWH) said it plans to seek more private sector bids for operations and maintenance (O&M) contracts, including those financed by official development assistance (ODA). “We are promoting projects under ODA, especially expressways, for PPP (public–private partnership) O&M,” DPWH Senior Undersecretary Emil K. Sadain told BusinessWorld recently when asked […]

Shonan iPark Outlines New Operational Structure to Provide Scale and Sustainable Long-Term Growth for the Ecosystem

TOKYO, Dec 21, 2022 – (JCN Newswire via SEAPRWire.com) – Renewing its commitment to innovation in Japan and to Shonan Health Innovation Park (“Shonan iPark”), Takeda Pharmaceutical Company Limited (“Takeda”) today announced the creation of a new company, effective April 1, 2023, together with Industrial & Infrastructure Fund Investment (“IIF”) and Mitsubishi Corporation (“Mitsubishi Corp.”), […]

Telcos seek EO for permanent expedited tower permit process

THE telecommunications industry and the Anti-Red Tape Authority (ARTA) are asking President Ferdinand R. Marcos, Jr. to issue an executive order (EO) to make permanent the expedited permit process for the construction of towers and other internet infrastructure. ARTA and the telcos, represented by the Private Sector Advisory Council (PSAC) Digital Infrastructure Sector, noted that […]

Moonstake Receives ssv.network Grant to Integrate Decentralized ETH Staking

SINGAPORE, Nov 16, 2022 – (ACN Newswire via SEAPRWire.com) – Today, Moonstake is pleased to announce we have secured a staking pool integration grant from the DAO-governed SSV Network to integrate ETH staking on the Moonstake Wallet. Moonstake will be integrating SSV’s unique architecture to bolster Ethereum decentralization and ensure Moonstake’s validator infrastructure is as […]

DoTr’s Bautista pitches transport investments to Swiss companies

TRANSPORTATION Secretary Jaime J. Bautista invited Swiss to invest in Philippine transport infrastructure projects via public-private partnerships (PPP), his department said in a statement on Wednesday.  “Speaking at the Swiss Innovation Exhibit that marked 65 years of Philippine-Swiss relations at Hyatt Hotel on Oct. 25, Sec. Bautista wants to fast-track the completion of big-ticket transport […]

Japan reaffirms support for PH infra program

THE Philippines and Japan reaffirmed their strong economic partnership, especially in infrastructure development, during a courtesy call meeting between Finance Secretary Benjamin Diokno and Japanese Ambassador to the Philippines Kazuhiko Koshikawa.“The Ambassador reiterated Japan’s continued support for the Philippines’ massive infrastructure program, the development of Subic Bay and Mindanao, and other sectoral cooperation in health, […]

AIIB Commits US$100 million in CEL Infrastructure Investment Fund II

HONG KONG, Jul 5, 2022 – (ACN Newswire via SEAPRWire.com) – CEL Infrastructure Investment Fund II (“Fund II”), a private equity fund sponsored and managed by China Everbright Limited (“CEL”, stock code: 165.HK) has made significant progress in fundraising. On June 29, 2022, Asian Infrastructure Investment Bank (“AIIB”) approved to commit of US$100 million including […]

Hexagon and Fujitsu Announce Strategic Partnership to Solve Societal Challenges for ‘Trusted Society’

HUNTSVILLE, Ala. and Tokyo, Jun 22, 2022 – (JCN Newswire via SEAPRWire.com) – Hexagon’s Safety, Infrastructure & Geospatial division and Fujitsu Limited will partner to accelerate the development and promotion of use cases to solve societal challenges and contribute to the realization of the ‘Trusted Society’ — a sustainable, resilient place where people can live […]

Mitsubishi Corporation signs Participation Agreement with Sempra Infrastructure, TotalEnergies, Mitsui for Carbon Sequestration Project in Louisiana

TOKYO, May 24, 2022 – (JCN Newswire via SEAPRWire.com) – Mitsubishi Corporation is pleased to announce that it has signed a participation agreement with Sempra Infrastructure, TotalEnergies and Mitsui & Co., Ltd. for the development of the proposed Hackberry Carbon Sequestration (HCS) project at the site in Southwest Louisiana. The project aims to capture, transport […]

Aboitiz Group wants PPP to continue under new admin

THE infrastructure arm of the Aboitiz Group is hoping that the next administration will continue to use private-public-partnership (PPP) as a mode of infrastructure development across the country.“Infrastructure projects have a passive multiplier effect, thus we need to continue with our infrastructure program and with the limited fiscal space the government has, I think PPP […]