The government will review funding proposals and options for several infrastructure projects previously eyed to be financed by China. “We will revisit. At saka (and we will) we will resubmit it to …
The government will review funding proposals and options for several infrastructure projects previously eyed to be financed by China.
Transportation Undersecretary Cesar Chavez earlier said the official development assistance loan deals for three major infrastructure projects have been considered “withdrawn” after the Chinese government failed to act on the previous administration’s funding request. The Department of Finance earlier informed the China Eximbank that the loan applications would be valid only until May 31, 2022, or a month before the end of the Duterte administration’s official term.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marcos to continue gains in infra projects of Duterte adminPRESIDENT Ferdinand “Bongbong” Marcos Jr. has vowed not only to continue but to further expand the infrastructure program of his predecessor, former President Rodrigo...
Read more »
Devolution plan won’t include infra projects—DBMThe Department of Budget and Management (DBM) said that the implementation of big-ticket infrastructure projects should remain under the national government despite the Mandanas ruling.
Read more »
No major structural damage in several ports after magnitude 7 quake —PPAThe Philippine Ports Authority on Wednesday said several ports under its control have no major structural damage after a magnitude 7 earthquake hit Abra and was felt in other parts of Luzon.
Read more »
‘National government to still implement major infrastructure projects’ | Bernadette D. NicolasTHE national government should still be in charge of implementing big-ticket infrastructure projects even as it moves to devolve certain functions to the local government units (LGUs) to cushion the fiscal impact of the Supreme Court’s Mandanas ruling, the Department of Budget and Management (DBM) said. Budget Secretary Amenah F.…
Read more »
City gov’t of Davao sets up health response unit against monkeypoxThe City Health Office (CHO) has created the Emerging and Reemerging Infectious Diseases Unit (ERID), which will be leading the emergency health response efforts in the event of a monkeypox outbrea…
Read more »
Marcos vows tax reform, more infra, airportsPRESIDENT Ferdinand “Bongbong” Marcos Jr. laid down his administration’s plans to further boost the country’s economic recovery following the effects of the coronavirus disease (Covid-19) pandemic.In his first State of the Nation Address (Sona) on Monday, July 25, 2022, Marcos said his government will implement “sound fiscal management tax administration reforms” that will increase revenue collection of the government and make the country an attractive investment destination, examine the power t
Read more »