Peso climbs versus dollar

THE PESO strengthened versus the greenback on Tuesday on the back of an expected slowdown in economic activity following the extension of strict restriction measures in Metro Manila and the dovish tone of the US Federal Reserve during last week’s Jackson Hole symposium. The local unit closed at P49.76 per dollar, gaining 19.5 centavos from […]

P9.1-B cash aid in Metro Manila released  

ABOUT 81% or P9.1 billion out of the P11.2-billion financial assistance for Metro Manila residents affected by the recent two-week strict lockdown has already been released as of Aug. 24, the Presidential Palace said on Thursday.   This means more than nine million beneficiaries have received cash assistance, Palace Spokesman Herminio L. Roque, Jr. told a televised news briefing.    He added that the national […]

Novaliches-Balara Aqueduct 4 Project in The Philippines Successfully Completed Tunnel Breakthrough

HONG KONG, Aug 25, 2021 – (ACN Newswire via – Chun Wo Construction Holdings Company Limited (“Chun Wo”), a subsidiary of Asia Allied Infrastructure Holdings Limited (stock code: 00711), is pleased to announce that the contract of Novaliches-Balara Aqueduct 4 (“NBAQ4”) project in the Philippines has completed breakthrough on 14 August and the online […]

Clark Water to transfer water, wastewater assets to make way for gov’t railway

Clark Water Corp. has forged a deal with the Department of Transportation (DOTr) to realign and relocate its water and wastewater facilities to allow for the construction of the Malolos-Clark Railway, according to Manila Water Co.   The Malolos-Clark project will form part of the government’s 163-kilometer (km) North-South Commuter Railway (NSCR), which aims to link […]

No Meralco disconnection in strict lockdown areas

MANILA Electric Co. (Meralco) is putting on hold disconnection activities in Metro Manila and Laguna until the third week of August, after the government placed both areas under stricter quarantine categories. “Given the current situation, we continue to take into consideration the challenges our customers are facing amid these difficult times. Thus, we will again […]

PHL signs agreement for second tranche of Japan subway loan

FOREIGN AFFAIRS Secretary Teodoro L. Locsin, Jr. signed the second-tranche loan agreement with Japan Tuesday for the financing of the Metro Manila Subway’s Phase 1. Mr. Locsin signed the agreement with Japanese Ambassador Koshikawa Kazuhiko for the loan, valued at about P115.7 billion. The financing was provided by the Japan International Cooperation Agency. “The Metro […]

Parts of Manila flooded due to monsoon rains 

HEAVY RAINFALL from the southwest monsoon, enhanced by typhoon Fabian and tropical depression Cempaka which is still outside the Philippine are, triggered flooding in parts of Metro Manila that caused heavy traffic and the suspension of work in some offices and universities.    As of 8:45 a.m. Wednesday, the Metro Manila Development Authority said knee to gutter-deep floodwater were reported in […]

Cavite governor seeks DENR help in putting up a sanitary landfill facility 

CAVITE GOVERNOR Juanito Victor C. Remulla has sought help from the Environment department in building a sanitary landfill facility for the province, whose rivers contribute to the waste problem in Manila Bay.   In a statement on Monday, the Department of Environment and Natural Resources (DENR) said the governor cited that 21 out of the 23 cities and municipalities in Cavite “did not have the […]

Now boarding: Aston Martin DBX

1 of 3 Delayed by the pandemic, the V8-powered DBX makes an appearance in the Philippines. — PHOTO FROM ASTON MARTIN MANILA A handcrafted interior welcomes occupants within. — PHOTO FROM ASTON MARTIN MANILA PHOTO FROM ASTON MARTIN MANILA The British luxury brand’s first-ever SUV finally lands UNDOUBTEDLY, Aston Martin surely received, well, a shot […]