Category: Business

Cebu 3rd bridge cost rises to P27B ₱0

Cebu 3rd bridge cost rises to P27B

THE third bridge between Mactan Island and mainland Cebu will push through but it will cost P10 billion more than the original project cost. Cebu City Administrator Lucelle Mercado said that the cost of the third Mactan-mainland Cebu bridge rose to P27 billion from P17 billion. The proposed bridge will span eight kilometers from the…

Philippines economy grows 6.9 percent, beats forecasts ₱0

Philippines economy grows 6.9 percent, beats forecasts

The Philippines’ economy grew a better-than-expected 6.9 percent in the first quarter, the government said Thursday, putting it on track to meet full year targets and making it one of Asia’s best performers for the three month period. The GDP figure beat economist forecasts of about 6.6 percent, and marks the highest quarterly growth in…