Category Archives: Infrastructure

Government Defers Unsolicited Airport Project Proposals

The government plans to develop Sangley Point in Cavite (an old US Air Force base just south of Metro Manila) into an airport for smaller planes in order to decongest the main airport. Four multi-billion unsolicited proposals from the private sector will be deferred in the meantime, with the Department of Transportation claiming that the government has the funds to undertake the project… Continue reading

South Korea Offers Philippines $1-Billion in Loans

South Korea is offering $1 billion in concessional loans over a six-year period to finance key infrastructure programs of the Philippines. Transport, ICT and energy infrastructure were identified as priority areas in the proposed cooperation. Both countries are set to finalize the framework agreement in August 2017. Aside from Korea, Japan and China had earlier pledged a combined $33 billion in investment and aid to the Philippines… Continue reading

Government Approves Four Infrastructure Projects

The National Economic and Development Authority’s Investment Coordination Committee (ICC) have approved four infrastructure projects with a combined value of P541.6 billion. These are the P35.26-billion Mindanao Railway Project’s Tagum-Davao-Digos segment, the P285-billion North South Railway Project – South Line, the P211.43-billion Malolos-Clark Railway Project, and the P9.89-billion Cavite Industrial Area Flood… Continue reading

Senate to Tackle First Tax Reform Proposal; Watered- Down Version Expected

After finally getting passed by the House of Representatives, the tax reform proposal will now go to the Senate where it is expected to encounter further revisions. Ways and Means Committee head Sen. Juan Edgardo Angara has questioned the proposal before, saying that the overall effect would lead to additional burden for the poor. Senate President Pro-tempore Ralph Recto also doubts the administration’s capacity to absorb… Continue reading

Lower House Approves First Tax Reform Proposal

The House of Representatives finally passed the first tax reform proposal of the Department of Finance. The bill lowers personal income tax rate from 32% to 25% except for the highest income bracket, whose rate has been increased to 35%. To offset this measure, additional taxes will be charged on fuel products, automobiles, and sugary… Continue reading

Pernia Not Too Keen on Russian Loans

Socioeconomic Planning Secretary Ernesto Pernia said that the government will exercise caution in tapping Russian loans and assistance. He previously noted that Russia does not offer low-cost development assistance similar to those offered by China and Japan. He acknowledged that Russia has a competitive advantage in building steel bridges and railways, but noted that the Russian economy has not been doing that well in the past… Continue reading

Pernia Warns of Dire Consequences for Infrastructure Plan if Congress Fails to Pass Tax Reform Bills

Socio-economic Planning Secretary Ernesto Pernia warned that failure to pass the tax reform proposals pending in Congress would imperil the plan to usher in a golden age of infrastructure. The government would also have to slow down in tapping official development assistance from China and Japan as it has to balance spending, borrowing, and capacity to pay. Washed down measures mean that the first package would yield lower additional revenues, with Pernia hoping that the succeeding packages compensate… Continue reading