Entries tagged "Philippines"

  • Phillipines to Launch Huawei 5G | July 29, 2020, 9:07 a.m.

    PLDT, the Philippines' largest telecom company, will launch its 5G mobile service on Thursday using equipment partly supplied by China's Huawei Technologies, Nikkei reports.

  • Manila's $2bn Airport Expansion Delayed | July 8, 2020, 8:17 a.m.

    Covid-19's impact on the aviation industry has caused delays for a $2 billion project to expand the airport in Manila, prompting the government to re-visit the terms of the public-private partnership agreement with the consortium behind the project, Nikkei reports.

  • View All Analysis | May 26, 2020, 10:21 a.m.

    Browse our analysis section for news and articles on topics such as China's Belt and Road Initiative (OBOR), the world's evolving digital infrastructure competition, and the stakes for U.S. policy.

  • Philippines Looks to Infrastructure for Growth | April 28, 2020, 9:56 a.m.

    Philippines president Rodrigo Duterte has doubled down on his "Build, Build, Build" infrastructure investment program in hopes of stabilizing growth following the economic turmoil created by the Covid-19 pandemic, Nikkei reports.

  • U.S. Postpones ASEAN Summit | March 13, 2020, 9:22 a.m.

    As the coronavirus necessitates greater emphasis on cooperation between the U.S. and China, some experts worry that Washington’s decision to postpone the U.S.-ASEAN summit following a period of perceived disengagement risks pushing Southeast Asian countries further toward China and delays discussions on critical topics, including the U.S. rival to the BRI, Nikkei reports.

  • Philippines Foreign Investment Decreases | March 4, 2020, 9:53 a.m.

    Given the worsening global economy and recent foreign investment decreases in the Philippines, critics claim President Duterte's efforts to shut down domestic utilities and media companies on charges of corruption are economically unwise, Nikkei reports.

  • Chinese Projects Stall in Philippines | Feb. 11, 2020, 3:46 p.m.

    As Chinese investment projects in the Philippines face scrutiny due to their potential security and environmental impacts, President Duterte has warned courts against challenging Chinese-backed projects. Until mid-2019, no Chinese infrastructure projects in the Philippines had started construction, Nikkei reports.

  • Chinese Construction Alarms Philippine Navy | Dec. 20, 2019, 9:15 a.m.

    Philippine Navy officials are trying to block Chinese involvement in the construction of a strategically located airport after a consortium led by the state-owned China Communications Construction Company was the sole bidder for the project, Nikkei reports.

  • China Wins $1B Philippines Project | Dec. 10, 2019, 9:18 a.m.

    China Harbor Engineering, a subsidiary of China Communications Construction Co. with controversial links to China's island-building in the South China Sea and a highway bribery scandal in Bangladesh, has won a $1 billion contract for a 360-hectares land reclamation project in Manila, Nikkei reports.

  • U.S., Australia Bid on Subic Bay Shipyard | Dec. 5, 2019, 9:36 a.m.

    A U.S. firm and Australian shipbuilder have bid on the Philippines' largest shipyard in Subic Bay near the South China Sea, a project which has also attracted Chinese interest, Nikkei reports. The shipyard is located in an area that once hosted the largest overseas U.S. defense facility.

  • Philippines Shelves Chinese Projects | Nov. 15, 2019, 9:42 a.m.

    Philippines' President Duterte has shelved a number of megaprojects, including two Chinese-financed deals, under his "Build, Build, Build" program due to feasibility concerns. Instead, the government hopes to pursue public-private-partnerships to fund Duterte's multi-billion-dollar infrastructure program.

  • Philippines Banks on Infrastructure | Sept. 24, 2019, 9:48 a.m.

    Philippines president Rodrigo Duterte has pushed national spending on infrastructure projects in hopes of creating an economic boom, though this model also carries risks, Nikkei reports.

  • China Faces Backlash in Philippines | July 31, 2019, 9:57 a.m.

  • U.S.-Australian Team Eyes Philippine Port | July 26, 2019, 9:36 a.m.

    An Australian and U.S. consortium are in exclusive talks to renovate the Subic Bay shipyard in the Philippines, a former U.S. naval base that opens up to the South China Sea, allaying fears over national security that were triggered by Chinese interest in acquiring the port, Nikkei reports.

  • Philippines to Monitor China Telecom | June 20, 2019, 10:27 a.m.

    China Telecom's future operations in the Philippines will be closely monitored by a government-operated cybersecurity platform, as the Chinese-led consortium prepares to launch third mobile carrier next year, reports the Nikkei Asian Review.

  • Duterte Nets $6B in Tokyo | June 11, 2019, 9:12 a.m.

    Philippine President Rodrigo Duterte visited Japan last month, his third visit in less than three years. In Tokyo, Duterte collected close to $6 billion in bilateral investment deals, including infrastructure, reports the Nikkei Asian Review.

  • Philippines Election to Determine China Ties | May 7, 2019, 9 a.m.

    President Rodrigo Duterte's senatorial candidates could sweep the midterm elections in the Philippines next week. The midterm polls are widely seen as a referendum on Duterte and his policies, including his moves to further embrace China as a key funder of the country's ambitious infrastructure projects, reports Nikkei.

  • Duterte Plans Japan Visit | March 22, 2019, 9:06 a.m.

    Philippine President Rodrigo Duterte will visit Japan in late May to discuss infrastructure projects the Japanese government is supporting in the Philippines, including the country's first-ever subway line in Manila. Duterte has also recently confirmed through a spokesman that he will attend April's international Belt and Road conference in Beijing, reports the Nikkei Asian Review.

  • Southeast Asia Rail Cure for Congestion | March 21, 2019, 10:13 a.m.

    Southeast Asian nations are investing in their urban rail infrastructure to ease road congestion impeding their further economic growth. In Hanoi, road congestion costs Vietnam as much as $1.2 billion in 2018, reports Nikkei.

  • Philippines Turns Spotlight on China-Funded Dam | March 15, 2019, 8:51 a.m.

    A water shortage in the Philippine capital has forced President Rodrigo Duterte's administration to step in. Finance Secretary Carlos Dominguez said the shortage should prompt accelerated construction of the China-funded Kaliwa Dam, which opponents say may harm the environment, indigenous people and Philippine sovereignty, reports the Nikkei Asian Review.

  • Duterte Plans Philippines' First Subway | March 8, 2019, 9:16 a.m.

    The Philippines held a groundbreaking ceremony for the country's first subway line under President Rodrigo Duterte's infrastructure push. The Japanese government is giving full backing to the project. The design and construction work will be implemented by a four-member consortium of Japanese contractors, reports the Nikkei Asian Review.

  • Mahathir warns Philippines about China loans | March 7, 2019, 9:02 a.m.

    While on a state visit to the Philippines, Malaysian Prime Minister Mahathir Mohammad told journalists that if countries borrow money from China they cannot pay back, the country "may be under the control of the lender." The statement was read as a warning to Philippines president Rodrigo Duterte, who accepted a $9 billion credit line from China in 2016, reports Nikkei.

  • China’s Digital Silk Road and Southeast Asia | Feb. 19, 2019, 10:44 a.m.

    Southeast Asia’s strategic importance for China, the United States, Japan, and others, and the advantages that will come with control over data flows, mean that the region’s decisions on digital infrastructure and internet governance will have implications that far transcend business outcomes.

  • Philippines, Huawei Prep 5G Launch | Feb. 12, 2019, 9:16 a.m.

    The Philippines' leading wireless provider Globe Telecom is on track to launch its Huawei Technologies-backed 5G service in the next quarter. The Philippines has joined Thailand and Singapore that are open to tapping Huawei for 5G amid rising security concerns related to the Chinese telecom equipment supplier, reports the Nikkei Asian Review.

  • China Expressing Interest in Subic Bay | Feb. 1, 2019, 10:08 a.m.

    Hanjin shipyard operator, HHIC-Phil, filed for bankruptcy after failing to pay $412 million in debts to five local banks and $900 million more to South Korean creditors. With state-backed Chinese companies offering to acquire the shipyard, Philippine's president Duterte faces a strategic dilemma regarding whether or not to accept this offer and grant the Chinese unlimited access to a vital naval and maritime asset.

  • China, Japan Vie For Philippines' LNG Terminal | Dec. 18, 2018, 9:15 a.m.

    Tokyo Gas and China National Offshore Oil Corporation both partnered with Filipino companies to compete for the building of the Philippines' first liquefied natural gas terminal. Though Japan and China's leaders agreed to jointly advance third-country infrastructure projects, companies have not been able to shift from competition to collaboration in the field, reports the Nikkei Asian Review.

  • China To Invest In Philippine Rail And Dam | Nov. 20, 2018, 9:13 a.m.

    China agreed to fund the $365 million Kaliwa dam and take part in the $3.3 billion southern Luzon railway project in the Philippines. A memorandum of understanding on oil and gas exploration was also signed between the two countries.

  • US, China Vie for the Philippines | Nov. 19, 2018, 9:48 a.m.

    China and the Philippines are expected to sign billions of dollars worth of Belt and Road deals on Tuesday, as the United States and the Philippines move forward on key issues including free trade talks, reports the Nikkei Asian Review.

  • Infrastructure Boosts Philippines, India Competitiveness | Oct. 18, 2018, 9:05 a.m.

    Philippines and India have risen through the ranks in the World Economic Forum's latest Global Competitiveness Report, as the countries made improvements in infrastructure and innovation.

  • BRI Empowers SE Asia's Strongmen | July 25, 2018, 10:33 a.m.

    Chinese infrastructure investment throughout Southeast Asia has shifted the tide of opinion, simultaneously supporting authoritarian politics in certain states and engendering opposition to Belt and Road in others, according to the Nikkei Asian Review.

  • Infrastructure Raises Philippine Interest Rates | June 20, 2018, 9:18 a.m.

    President Rodrigo Duterte's large-scale infrastructure program has been driving imports and widening the Philippines' current account deficit causing the central bank to raise interest rates for a second consecutive month. The interest-rate increase is expected to support the peso, which has been trading at its lowest levels against the dollar in 12 years.

  • Duterte Pushes $160B Infrastructure Drive | April 18, 2018, 9:02 a.m.

    Philippine president Rodrigo Duterte is pushing for a second package of tax reforms under his Comprehensive Tax Reform Program in order to help fund the country’s $160 billion infrastructure drive.

  • China's elusive infrastructure investment in Philippines | April 4, 2018, 9:21 a.m.

    Japan is the leading infrastructure investor in the Philippines despite significant commitments from China. According to the Nikkei Asian Review, Japan outspent China on infrastructure by a factor of nearly 20:1 during Duterte’s first year in office while Chinese investment has largely gone to industries such as tourism, real estate, casinos, and mineral resources.

  • Philippines to issue bonds to fund Belt and Road | March 20, 2018, 10:15 a.m.

    Philippines to issue $230 million worth of yuan-denominated bonds that can be used for budget spending and Belt and Road projects. It will be the first Southeast Asia borrower to issue the so-called panda bond.

  • Duterte Plans $1.8B Tax for Infrastructure | March 8, 2018, 9:37 a.m.

    Philippine President Rodrigo Duterte's administration raised excise taxes on coal, petroleum, cars, sugar-sweetened beverages, cosmetic surgery and other items, to fund his infrastructure projects. This is expected to raise $1.8 billion in its first year of implementation.

  • Philippine-Indian Team Pitches $3B Manila Airport Expansion | March 2, 2018, 10:41 a.m.

    Philippine engineering group Megawide Construction and Mumbai-based GMR Infrastructure proposed a $3 billion expansion for Ninoy Aquino International Airport.

  • Philippines To Spend $154B on Infrastructure | March 1, 2018, 9:49 a.m.

    Philippines plans to spend $154 billion on infrastructure projects by 2022, including the consideration of finally bringing Southeast Asia's only nuclear reactor to life three decades after its completion.

  • Manila Airport Expansion in Singapore | Feb. 22, 2018, 9:35 a.m.

    A conglomerate of 7 major companies has submitted a $6.75 billion proposal to expand and modernize Manila airport into a regional aviation hub.

  • Philippines' Largest Co. Looks to Power, Rail | Feb. 8, 2018, 10:57 a.m.

    San Miguel, the Philippines' largest listed company by revenue, has earmarked $13.6 billion to expand its investments in multiple sectors including power and transport infrastructure.

  • India Courts ASEAN to Counter BRI | Jan. 25, 2018, 10:10 a.m.

    Indian Prime Minister Narendra Modi welcomes all ten ASEAN leaders to New Dehli in an attempt to strengthen trade and connectivity with the bloc.

  • Duterte on Infrastructure: "Build, Build, Build" | Jan. 24, 2018, 10:25 a.m.

    Trucks and bulldozers are clearing the way this week for a 38-kilometer stretch of train tracks that is one of the Philippines largest infrastructure projects under Duterte’s “Build, Build, Build” infrastructure program.

  • World Bank: Safer Roads Boost GDP | Jan. 9, 2018, 5:53 p.m.

    Quotes and Quotas is a weekly digest of powerful phrases and facts that help explain Asia’s infrastructure push.

  • Infrastructure Drives Growth in Indonesia and Philippines | Jan. 9, 2018, 8:53 a.m.

    Domestic demand and the rollout of infrastructure projects in 2018 will continue to drive growth in the Philippines and Indonesia.

  • Chinese Partners Sought for Philippines Infrastructure Push | Dec. 18, 2017, 7:50 a.m.

    Aboitiz Group of the Philippines is looking at Chinese partners to help it expand at home and overseas.

  • India, ASEAN to Propel Asia's Economy | Dec. 7, 2017, 9:34 a.m.

    New projections show India's economy becoming third largest in the world, with other major ASEAN nations surging forward to propel Asian economic growth.

  • China Seeks Economic Cooperation with Philippines | Nov. 16, 2017, 10:54 a.m.

    Chinese premier proposes economic cooperation with former maritime rival Philippines.

  • OECD: SE Asia Needs Taxes for Infrastructure | Nov. 15, 2017, 9:54 a.m.

    Southeast Asian governments need to collect more taxes to sustain the region's infrastructure expansion, reports the OECD.

  • Abe Pledges $9B in Philippines Infrastructure Aid | Nov. 2, 2017, 11:39 a.m.

    Shinzo Abe has pledged to deliver nearly $9 billion in aid to the Philippines to rebuild battle-damaged areas and improve infrastructure throughout the country.

  • Japan Pledges $9B to Philippines | Oct. 30, 2017, 9:54 a.m.

    Wary of China, Japan seeks to strengthen ties with Philippines.

  • Infrastructure Boom Lifts Philippines' Industry | Oct. 26, 2017, 10:07 a.m.

    Materials makers are stepping up to meet government's infrastructure ambitions.