Philippines to Bid Out 3 ADB Funded Bridges in Marikina City

Philippines to Bid Out 3 ADB Funded Bridges in Marikina City

The Department of Public Works and Highways (DPWH) of the Philippines announced that construction of three new bridges crossing Marikina River will commence by the second semester of 2022. The Unified Project Management Office (UPMO) Bridges Management Cluster under...
Philippines Approves USD 97.9 Billion National Budget for 2022

Philippines Approves USD 97.9 Billion National Budget for 2022

President Rodrigo R. Duterte has signed into law the PHP 5.024 trillion (USD 97.9 billion) national budget for 2022, which will be used for the country’s COVID-19 pandemic response and recovery efforts in the aftermath of Typhoon Odette. The budget is significantly...
Philippines to Buy Two Warships From South Korean Shipbuilder

Philippines to Buy Two Warships From South Korean Shipbuilder

The Department of National Defense (DND) has signed a PHP 28 billion (USD 545.7 million) contract with South Korean shipbuilder Hyundai Heavy Industries (HHI) for the acquisition of two brand-new corvettes for the Philippine Navy (PN), which are capable of conducting...