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BEIJING, China (AFP) — China’s Xi Jinping has called for an “all-out” campaign to build infrastructure, according to state media, marking the latest attempt by leaders to boost growth in the Covid-battered economy. Despite struggling to defeat the country’s worst outbreak in two years, the leadership is digging in its heels with a strict zero-Covid policy that involves lockdowns in the biggest cities and mass testing. But the measures have snarled supply chains and hammered […]
(Eagle News) – President Rodrigo Duterte vowed to finish “critical infrastructure projects” which his administration had started and to make sure that these would help improve the lives of Filipinos even beyond his term. During the inauguration of the South Luzon Expressway Elevated Extension Project on Thursday, February 15, President Duterte said continuing infrastructure development would further boost the economy which is slowly opening up and recovering from the Covid-19 pandemic. He commended the […]
by Mandel Ngan with Sebastian Smith in Washington NORTH WOODSTOCK, United States (AFP) — Joe Biden flew Tuesday to a creaky bridge in New Hampshire to tout his rare victory in passing a bipartisan infrastructure package, hoping the $1 trillion measure will also put his own presidency back on the road. Biden’s trip to the antiquated NH 175 bridge over the Pemigewasset River in North Woodstock kicked off a blitz by the White House to […]
RIYADH, Saudi Arabia (AFP) — Saudi Arabia, the world’s top crude exporter, announced Sunday the launch of an eco-city “with zero cars, zero streets and zero carbon emissions” at its futuristic NEOM mega development. The $500 billion NEOM project, set to be built from scratch along the kingdom’s picturesque Red Sea coast, is billed as a development evocative of a sci-fi blockbuster. Crown Prince Mohammed bin Salman unveiled plans for a city, dubbed “THE LINE”, in […]
by Ashraf KHAN A frantic mother cradling her seven-month-old baby rushes towards the special paediatric ward in a desolate Pakistan town, his eyes are blank and he is smaller than most newborns. He is starving in a country that has no shortage of food, but which has one of the highest infant mortality rates in the world and where malnutrition is rife. The infant weighs just 2.5 kilograms — the average for a healthy child […]
SYDNEY, Australia (AFP) — Australia’s population was due to hit 25 million on Tuesday, renewing debate about overcrowding and infrastructure pressures in major cities as the government explores ways to encourage migrants into regional areas. The Australian Bureau of Statistics projects that the population is growing by one person every 83 seconds and is due to reach the milestone figure at 1300 GMT. It will mark a doubling of the number of people since 1970 […]
(Eagle News) – The national government has spent P281 billion on infrastructure in the first five months of 2018 which was 42 percent higher than the same period last year. This was announced by the Department of Finance which has expressed confidence in the economy expanding by 7 percent or better over the medium term. Finance Secretary Carlos Domimguez III said that with the P281 billion invested on infrastructure from January to May this […]
A financial institution established by the Organization of Petroleum Exporting Countries (OPEC) to help reduce poverty in developing countries has offered its assistance to the Philippines in funding the Duterte administration’s “Build, Build, Build” infrastructure modernization program. During a recent meeting with Finance Secretary Carlos Dominguez III, key officials of the OPEC Fund for International Development (OFID), reiterated the institution’s “keen interest to assist and collaborate” with the Philippine government in carrying out its priority […]
(Eagle News) –The National Economic Development Authority Board has approved eight infrastructure proposals, including one for the construction, maintenance and operation of a Bulacan International Airport, Socioeconomic Planning Secretary Ernesto Pernia said. In a statement, Pernia said the board, led by President Rodrigo Duterte, made the approval of the Subic-Clark Railway Project (P50.03 billion); Clark International Airport Expansion Project Operations and Maintenance PPP (P5.61 billion); Ambal-Simuay River and Rio Grande de Mindanao River Flood Control Projects […]
by Douglas Gillison © Agence France-Presse WASHINGTON, United States (AFP) — President Donald Trump on Monday unveiled an ambitious proposal to renew American infrastructure as part of a budget that calls for a stunning rise in debt and trillions in cuts to the social safety net and other spending. The blueprint for the 2019 fiscal year abandons the long-held Republican goal of balancing the federal budget within a decade, with deficits projected to peak in 2020 and […]
(Eagle News) — Department of Finance (DOF) Undersecretary Grace Karen Singson said that the government’s 75 flagship projects under the “Build, Build, Build” program of the Duterte administration are expected to create 1.7 million jobs by 2022. She said the Duterte administration intends to spend around $158 billion over the next five years for the program, so that infrastructure spending would reach 7.3 percent of Gross Domestic Product by the end of the President’s term. […]
(Eagle News) — Presidential Spokesperson Ernesto Abella on Thursday revealed plans for the “design and construction” of two bridges in Metro Manila. In a briefing in Malacanang, Abella said the Department of Public Works and Highways and the Embassy of China in the country signed on Wednesday the “minutes of discussion covering full financial grant for the design and construction of the Binondo and Intramuros, and Estrella-Pantaleon bridges.” Based on an initial design, the bridge in […]
