DPWH Urged to Engage Foreign, PSE-Listed Firms for Major Infrastructure Projects
Business

DPWH Urged to Engage Foreign, PSE-Listed Firms for Major Infrastructure Projects

A Philippine congressman has proposed engaging reputable foreign and top-tier local contractors for large-scale infrastructure projects to prevent delays, substandard work, and ghost projects.

This article requires PRO

This article is outside the free access window or is a special report. PRO unlocks it and the full archive.

  • Is Negros Occidental's Sugar Industry Still Sweet?

    Negros Occidental, the Philippines' 'Sugar Bowl,' faces an uncertain future as its century-old sugar industry grapples with declining productivity, volatile global prices, and challenges in domestic market protection, threatening the region's economic backbone.

  • Villar's VistaREIT Reports P13 Billion Property Valuation Loss

    VistaREIT, a real estate investment trust (REIT) under billionaire Manny Villar's empire, reported a nearly 45.5% (P13 billion) drop in property values by end-2025, leading to a P11.46 billion net loss. The significant valuation loss is primarily due to changes in its appraisal methodology based on future rental income projections, rather than an actual cash outflow.

  • Petron Posts 44% Net Income Drop Amid Rising Costs, Middle East Tensions

    Petron Corp., a leading fuel retailer in the Philippines, reported a 44% year-on-year decline in net income to P5.4 billion for January-September, citing rising costs and geopolitical tensions in the Middle East. Despite increased revenues, reduced refining margins impacted profitability.

  • Philippines Dominates Fortune's 100 Best Companies to Work For™ in Southeast Asia with 54 Firms

    The Philippines leads Southeast Asia in the Fortune 100 Best Companies to Work For™ Southeast Asia 2026 list, with 54 companies recognized. This highlights the international recognition of Philippine companies' investment in workplace culture and employees.