The Duterte administration is considering the implementation of five measures, including the monitoring of projects in real time through the use of drones, to place its infrastructure buildup strategy on track and keep such public works free from graft and corruption.
Read MoreThe Bureau of Customs (BOC) scored its first big break against oil smuggling in only six months on the Duterte watch with the seizure of two oil vessels carrying a combined 45,000 metric tons (MT) of smuggled fuel worth P700 million in the port of Limay in Bataan.
Read MoreThe Land Bank of the Philippines is due to set up by September next year a bank partly owned by overseas Filipino workers (OFWs) and with an authorized capital of P3 billion.
Read MoreFinance Secretary Carlos Dominguez III recently swore into office lawyer Edward James Dy Buco as Deputy Commissioner of the Bureau of Customs, replacing Peter Manzano.
Read MoreAsian Infrastructure Investment Bank (AIIB) president Jin Liqun has expressed enthusiasm in finalizing Philippine infrastructure projects for financing by this China-led multilateral lender after the Senate had finally concurred in the ratification of the bank’s Articles of Agreement before the end-2016 deadline.
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