Entries tagged "Philippines"

  • 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.

  • View All Analysis | Sept. 17, 2018, 8:57 a.m.

    Browse our analysis section for news and articles on topics such as China's Belt and Road Initiative (OBOR), the Competing Visions of Japan, India, and other regional powers, and the stakes for U.S. policy.

  • 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.

  • Investors Grow Wary in the Philippines | Oct. 12, 2017, 9:15 a.m.

    Foreign investors are increasingly watchful over the investment climate in the Philippines

  • Philippine Firm Pushes Monorail in Manila | Oct. 11, 2017, 9:25 a.m.

    A Philippine conglomerate is pushing a new monorail connection to one of Metro Manila's busiest train lines.

  • PH govt tries to lure private Japanese investment for infrastructure | Sept. 27, 2017, 9:44 a.m.

  • Indonesia and the Philippines Seek Port Development | Sept. 1, 2017, 9:15 a.m.

    Photo credit: GovernmentZA, Flickr/CC BY-ND 2.0

  • Infrastructure Powers Southeast Asia's Economic Growth | Aug. 22, 2017, 11:10 a.m.

  • Duterte's Infrastructure Push Drives $2.75B Deficit | July 11, 2017, 10:39 a.m.

    Officials in the Philippines are hailing the country's record $2.75 billion trade deficit in May as a sign that President Rodrigo Duterte's ambitious infrastructure development plan is successfully fueling the economy.

  • Philippines Aspires to "Golden Age" of Infrastructure | June 29, 2017, 8:20 a.m.

    The Philippines' President Rodrigo Duterte plans to nearly double government infrastructure spending from 2015 to 2022 in what he is calling the "golden age" of infrastructure.

  • Duterte Bill to Fund Infrastructure Faces Pushback | June 16, 2017, 8:44 a.m.

    Philippine President Rodrigo Duterte's Comprehensive Tax Reform Program is predicted to create $2.68 billion in revenue gains to help fund his ambitious infrastructure plans, however, the bill could face some pushback as it reaches the Senate.