THE PESO climbed versus the greenback on Thursday as the government relaxed mobility restrictions in the capital and following the release of data showing the country had ample dollar buffers as of end-September. The local unit closed at P50.605 per dollar on Thursday, appreciating by five centavos its P50.655 finish on Wednesday, based on data […]
Tag: manila
2GO cancels 86 voyages for Sept. due to MECQ
2GO Group, Inc. (2GO) has canceled 86 voyages to and from Manila from Sept. 1 to 30 due to the travel restrictions imposed by the government to contain the coronavirus pandemic. 2GO, which is engaged in the movement of people under the brand name 2GO Travel, announced on Aug. 31 the cancelation of 17 voyages […]
Water supply to be tested by pickup in economic activity
THE SUPPLY of water is expected to be tight until new sources are tapped starting 2024, with available water to be in high demand when economic activity picks up, according to testimony delivered at a Senate hearing. Metropolitan Waterworks and Sewerage System (MWSS) Legal Services Manager Augustine M. Vestil, Jr. said at a hearing of […]
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 SEAPRWire.com) – 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 […]
Metro Manila shifts to MECQ until end-August
The country’s pandemic task force has approved a recommendation to ease the strict lockdown in Metro Manila and Laguna until end of the month, according to the presidential palace. Metro Manila and Laguna would be placed under a modified enhanced community quarantine (MECQ) from Aug. 21 to Aug. 31, Palace spokesman Herminio L. Roque, Jr. […]
Novaliches-Balara aqueduct project nearing completion
THE Novaliches-Balara Aqueduct 4 project is nearing completion after the tunnel-boring machine (TBM) employed in the works reached the La Mesa Reservoir, according to east zone water concessionaire Manila Water Co., Inc. Manila Water said a ceremony was held on Aug. 14 after the TBM cutter head broke through to the La Mesa Reservoir, more […]
Manila Water net income up 10% to P2.7B
MANILA Water Co., Inc. recorded a 10% increase in its attributable net income for the first half to P2.73 billion on the back of stronger contribution from its international affiliates. The listed water concessionaire said in a stock exchange disclosure on Tuesday that its consolidated revenues during the first six months of the year fell […]
Manila-QC BRT construction expected to start next year
By Arjay L. Balinbin, Senior Reporter THE GOVERNMENT plans to begin construction of a 12.30-kilometer segregated bus lane from Manila City Hall to Philcoa in Quezon City next year or early 2023, the Transportation department said. “Construction is targeted to start in end 2022 or early 2023,” the Department of Transportation told BusinessWorld on Aug. […]
DBM releases P10.9-B for cash aid in Metro Manila
The Department of Budget and Management (DBM) on Friday released P10.894 billion in funds for financial aid to be given to nearly 11 million residents in Metro Manila, which is under an enhanced community quarantine (ECQ) until Aug. 20. Funds for the financial aid were sourced from the savings of the 2020 budget, DBM said […]
House clears Manila Water, Maynilad franchise bills
LAWMAKERS at the House of Representatives have approved on Tuesday measures to grant the franchises of Manila Water Co., Inc. and Maynilad Water Services, Inc. on third and final reading. Voting 206-7-0 for both bills, they approved House bills 9422 and 9423, which grant separate 25-year congressional franchises to the two companies. If legislated, these […]
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 […]
Peso rises as gov’t eases restrictions in Metro Manila
THE PESO climbed versus the greenback on Thursday as the government further eased restrictions and as the US Federal Reserve chief said the central bank will continue to support the world’s largest economy. The local unit closed at P50.22 per dollar yesterday, gaining eight centavos from its P50.30 finish on Wednesday, based on data from […]
Completed bike lanes approaching 500-km mark
THE DEPARTMENT of Transportation (DoTr) said it has completed nearly 500 kilometers (km) of bike lanes with accompanying signage in three metropolitan areas. In a statement Monday, the department said it will inaugurate bike lanes in Metro Manila, Metro Cebu, and Metro Davao this month after completing pavement markings, physical separators, and road signs covering […]
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 […]