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Initial rebuilding of Marawi to cost P50B

Almost P50 billion will be initially needed to rebuild Marawi City after being left in ruins by a five-month rebel siege last year, Malacañang said yesterday.

Nine Cabinet officials of the administration of former President Benigno Aquino III and several others are now facing plunder complaint before the Office of the Ombudsman in connection with the MRT 3 maintenance contract.

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THE Philippines’ Gross Domestic Product (GDP) expanded by 6.9 percent in the third quarter (July-August-September) of this year, second only to Vietnam’s 7.5 percent, and better than China’s 6.8 percent and Indonesia’s 5.1 percent.

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Win-win-win

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The likelihood of the Philippines having a new, better, and truly world-class international airport is increasing as the Department of Transportation (DOTr) already forwarded the unsolicited proposal of San Miguel Corporation (SMC) for a R700-billion international airport project in Bulakan, Bulacan to the National Economic and Development Authority (NEDA) Board for evaluation and approval.

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The government is taking steps to hasten the implementation of its massive infrastructure program by removing red tape and other bottlenecks that threaten to derail the projects.

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Infrastructure-driven development has been the strategy that propelled many countries like the United States, France, Singapore, and China, to name a few, into sustained growth and development.

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