CEBU CITY, Philippines — Although the coronavirus 2019 pandemic has an adverse impact on the global economy, the Aboitiz Group plans to infuse P47 billion in capital expenditure (capex) for the year 2020 to help the country’s…
CEBU CITY, Philippines—The Aboitiz Equity Ventures Inc. (AEV) and it partners will allocate P73 billion in capital expenditures (capex) for various projects involving power, infrastructure, and food in 2020. “The COVID-19 crisis created a lot of uncertainty…
CEBU CITY, Philippines — The Cebu City government is working on a joint-venture agreement (JVA) with a private company that would build underground electrical connections for telecommunication. Councilor Jerry Guardo, council’s chairperson for the committee on infrastructure,…
CEBU CITY, Philippines — President Rodrigo Duterte covered two problems of Cebu as he addressed Cebuanos in a 20-minute speech at the Sinulog Grandstand at the Cebu City Sports Center (CCSC) at past 7 p.m. on Sunday,…
SANTA ROSA CITY, Laguna, Philippines — Public Works Secretary Mark Villar has promised more road openings by 2020, calling it the “banner year” of the Duterte administration’s flagship infrastructure program. Villar, during the partial opening of the…
CEBU CITY, Philippines—The government’s infrastructure projects and decentralization thrust will benefit Cebu’s office property sector since Cebu is the largest business destination outside Metro Manila, according to Colliers International, a global leader in commercial real estate services. …
CEBU CITY, Philippines — The Capitol will be giving out P2 million worth of projects, preferably for infrastructure, to the 30 out of 44 component municipalities of the province. The 30 towns are those whose mayors attended…
CEBU CITY, Philippines — Cebu Governor Gwendolyn Garcia endorsed to the Provincial Board an all-time high budget of P12 billion for 2020. The amount almost tripled this year’s budget of P4.69 billion. In her endorsement letter to…
CEBU CITY, Philippines — What does President Rodrigo Duterte have in store for Cebu and the rest of the Visayas and Mindanao? This is one of the questions that Cebuano officials wish to find answers to as…
CEBU CITY, Philippines — State auditors have flagged the “undue delay” of the implementation of P422-million worth of infrastructure projects of the Cebu provincial government. In the Commission on Audit’s (COA) Annual Audit Report for 2018, the…
CEBU CITY, Philippines — Undersecretary Michael Dino, Presidential assistant for the Visayas, expressed his support for the monorail project proposed by a Davao-based entrepreneur. The Department of Transportation (DoTr) had granted the original proponent status to the…
CEBU CITY, Philippines—The completion of the Bus Rapid Transit (BRT) project in Cebu is pushed to 2021 following the integration of some changes in the design, setting back the Detailed Engineering Design (DED) by at least eight…
