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Showing posts with label Investment in the Philippines. Show all posts
Showing posts with label Investment in the Philippines. Show all posts

Tuesday, June 12, 2018

To Rise $14 Billion USD "Pollution Free" Hi-tech City of New Clark, Philippines' 95 Km Sq size

New Clark's developers, BCDA Group and Surbana Jurong, plan to start construction in 2022. - BCDA Group

The Philippines is planning a $14 billion 'pollution-free' city that will be larger than Manhattan

Manila, the hyper-dense capital of The Philippines, is known for its traffic jams. In a 2016 survey, navigation company Waze ranked Manila as having the "worst traffic on Earth."

The city's reliance on cars also exacerbates its growing air-pollution problem.

As a possible solution to Manila's smog and gridlock, the country plans to build an entirely new, more sustainable city called New Clark.

Plans for the $14 billion development — which will be larger than Manhattan — call for drones, driverless cars, technologies that will reduce buildings' water and energy usage, a giant sports complex, and plenty of green space.

A rendering of New Clark, a planned city for the Philippines. BCDA Group


Over the next three decades, the Philippines aims to build out New Clark about 75 miles outside Manila.

According to the development's plan, the city will eventually stretch 36 square miles — a land area larger than Manhattan — and house up to 2 million people.


New Clark will be divided into five districts, each with a specific function: government, business, education, agriculture, and recreation.


While New Clark's exact design is not fleshed out, developers say the urban plan will prioritize environmental sustainability and climate resilience.


With a minimum elevation of 184 feet above sea level, the city will likely not see much flooding.


To reduce carbon emissions, two-thirds of New Clark will be reserved for farmland, parks, and other green space.


The buildings will incorporate technologies that reduce energy and water usage.


Driverless cars, running on electric energy rather than CO2-emitting gas, will roam the streets.


Additionally, the city will feature a giant sports stadium and an agro-industrial park.


New Clark's developers, BCDA Group and Surbana Jurong, plan to start construction in 2022.


A new railway line could reduce the travel time between the two cities in half.

In late May, BCDA started the bidding process for companies to design, build, finance, operate, and maintain power and water systems in New Clark City.


The Philippines also struggles with economic development, and building an eco-city from scratch will come with a hefty price tag.


According to Wong, public-private partnerships will help finance the project.


In recent years, countries around the world — especially China — have unveiled plans for pie-in-the-sky urban developments.


Building cities from scratch rarely solve existing problems, but designing them can help urban planners imagine what's possible.


The fate of this project is still in the hand of the Duterte Administration as Budget is always required, though this project is feasible but priorities are also queuing.

Saturday, August 26, 2017

FINALLY: LTFRB asks UBER to pay discounted ₱190 Million to lift the remaining 2 weeks Suspension

Drivers and operators of UBER System Inc., gather and meet outside its main office in Mandaluyong City, August 15 2017, a day after the Land Transportation and Franchising and Regulatory Board suspended its accreditation and operation. Photo: Manila Bulletin  The LTFRB late Friday night (25th August 2017) announced...

Wednesday, August 23, 2017

UBER Asked to pay LTFRB ₱6 Billion to avoid 1-month suspension: Too much

Uber Philippines asked to pay ₱6 Billion to avoid 1-month suspension. Photo: Tech Wire Asia A transport group leader on Wednesday claimed that Transport Network Company (TNC) Uber Systems Inc. should pay a fine of P6 billion—and not ₱10 million as ordered by the government—in place of its...

Thursday, May 18, 2017

Philippines Rejects EU $278 Million USD Remote Control Fund Loan Grant

Philippines rejected EUROPEAN UNION $278 Million USD Remote Control Fund Loan Grant for 2017 Philippines Rejects European grants The Philippines will no longer accept grants from the European Union, the EU delegation to Manila said Thursday, following repeated tirades from President Rodrigo Duterte over its criticism of his...

Tuesday, April 18, 2017

DuterteNomics Unveiled First Subway in The Philippines, Completion of 4 railways in 2022 New Airports, Seaports, Railways, Roads & Bridges

Slide presented at the "Dutertenomics" forum on Tuesday, April 18, 2017 where President Rodrigo Duterte's top officials introduced planned construction projects. DOTr/Released DuterteNomics blueprint unveiled the build, build, and build for the “golden age of infrastructure,” in the Philippines. ₱227 Billion - First Subway in the Philippines for...

Wednesday, April 5, 2017

China, Japan, Korea, Russia compete for $2 Billion Nuclear Plant, LNG Philippines Gas project

Russia Floating Nuclear Power Plant Technology. illustration: popsci.com China, Japan compete for $2bn Philippine gas project China and Japan are competing for a $2-billion liquefied natural gas (LNG) project in the Philippines, Energy Secretary Alfonso Cusi told the Nikkei Asian Review. Over 20 companies from eight countries have proposed...

Monday, March 20, 2017

Philippines to Build First Operational 100 Megawatt Nuclear Power Plant in Sulu this Year

Modern Nuclear Power Plant Diagram Department of Energy considering Sulu as site for nuclear plant this year Sulu Archipelago in western Mindanao is non-typhoon and non-earthquake prone areas with almost Zero fault line an is among the areas being eyed for a modular nuclear power plant as the...

Sunday, March 19, 2017

Solar Philippines Breakground $150 Million USD Solar Farm in Tarlac

At the ceremonial groundbreaking of the 150-MW Tarlac solar farm, with the first ‘Made in the Philippines’ panels by Solar Philippines are (from left): Energy Secretary Alfonso Cusi, Solar Philippines president Leandro Leviste, Tarlac Governor Susan Yap and Concepcion Mayor Andy Lacson Photo: PhilSTAR Solar pioneer starts 150-MW...

Tuesday, March 14, 2017

Seven Japanese trading houses investing $3.9b in Philippines

Sumitomo Farming Technology Seven major Japanese trading houses are looking at investing up to $3.9 billion (₱198.5 billion) in different industries in the Philippines. After his recent trip to Tokyo, Department of Trade and Industry (DTI) secretary Ramon Lopez disclosed on Monday (March 13) that the Japanese companies...

Monday, March 13, 2017

Philippines to Attract Billion Dollars FDI with Halal Industry Road Map

Halal food processing to help attract investments from Qatar to Philippines Developing the halal market, including the agro-industrial and food processing sectors, could further stimulate FDI inflow into the Philippines, particularly Qatari investments, a Qatari entrepreneur has said. The Philippine government wants to tap opportunities in the halal...

Saturday, March 11, 2017

Malaysian Eyes to Construct 23 Buildings: $2.4 Billion USD For New Federal Government Capital Offices in Clark

Putrajaya Luxury Residence. Photo:worldarchitecturenews.com AlloyMtd eyes RM11bil Philippine ‘Putrajaya’ job AlloyMtd Group has submitted a bid to build a new administrative centre for the Philippines Government at an estimated project development cost of $2.4 Billion US Dollars. Located in the city of Clark, approximately 96 kilometres from Manila,...

Philippines' hits $7.93 Billion USD Foreign Direct Investments (FDI) in 2016

Philippines' hits $7.93 Billion USD Foreign Direct Investments (FDI) in 2016 Philippines’ FDI inflow hits record high in 2016 THE PHILIPPINES received a record $7.93 billion in actual foreign direct investment (FDI) last year, as sound macroeconomic fundamentals overshadowed the uncertainties brought about by leadership changes within and...

Friday, March 10, 2017

Philippine Export Rose Up 22.5% to $5.1 Billion USD - Fastest in 3 Years

Electronics Export in the Philippines Rose up 22.5% January to $5.1 Billion US Dollars Exports from the Philippines grew at their fastest clip in three years in January as shipments of electronics took off. Exports rose at their quickest pace in three years in January on demand for...

Wednesday, March 1, 2017

US-Asean Business Council upbeat on Philippine Economic Prospects

In Photo: Members of the US-Asean Business Council (US-ABC) hosted a roundtable for Trade Undersecretary Nora K. Terrado on February 22 in Washington, D.C.Photo: Business Mirror ‘FOR the first time in three years, the Philippines made it to the worldwide list of top 20 investment destinations of multinational...

Friday, February 24, 2017

1 BTC - USD Hits 1,120 and Continue Rising for the coming USA SEC ETF Decision March 11

Bitcoin hit 1,120 USD. Source: Blockchain Friday, February 24, 2017 11:30 PM UTC +8GMT BTC/USD hit an all-time high of 1220 level on Friday and is currently trading at 1209 levels at the time of writing (Bitstamp). Philippine Peso - BTC Exchange rates : ₱60,277.64 Coins.ph exchange rate:  Buy: ₱60,737...

Thursday, February 16, 2017

Automakers boosting output in the Philippines -Nikkei

Mitsubishi Motors' new pressing plant under construction in the Philippines. Photo: Nikkei Asian Review  Automakers boosting output in the Philippines Mitsubishi Motors, Toyota taking advantage of government incentives The Philippines' auto manufacturing sector is kicking into higher gear as Japan's Mitsubishi Motors prepares to launch a new production...

Tuesday, February 14, 2017

Japanese Billionaire Plans to Transform Philippines into “The Next Hawaii”

Kazuo Okada. Photo: Japan Daily Press Okada to transform the Philippines into ‘the next Hawaii’ Billionaire Kazuo Okada, whose net worth stands at $2.4 billion currently, intends to transform the Philippines (EPHE) (PIE) into “the next Hawaii.” The country’s appealing beaches and its plan to become a major...

Thursday, September 24, 2015

Pantawid Gutom Cash Transfer in the Philippines Lauded by World Bank as world's best

Conditional cash transfer beneficiaries PHOTO FROM BLOGS.ADB.ORGPH cash transfer program among world’s best–World BankThe World Bank gave the country’s conditional cash transfer (CCT) program high marks, saying it was one of the “largest and best-targeted social safety net programs in the world.”Ruslan Yemstov, World Bank’s leading economist on...

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