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Day: July 31, 2021

OMERS Infrastructure Agrees to Purchase 19.4% Stake in Azure Power

Transaction expands Canadian pension plan’s direct investment holdings in India, while increasing its global exposure to renewables sector SINGAPORE, July 30, 2021 (GLOBE NEWSWIRE) — OMERS Infrastructure today announced that it has signed a Stock Purchase Agreement to acquire from International Finance Corporation and IFC GIF Investment Company I an approximately 19.4% stake in Azure […]

Completion of BGC-Ortigas Center Link Road eyed in September

The Department of Public Works and Highways (DPWH) on Saturday said it is looking to finish the Bonifacio Global City (BGC)-Ortigas Center Link Road Project in September. In a statement, Public Works Secretary Mark Villar said work continues at the viaduct segment across Kalayaan Avenue, Makati City towards BGC’s 8th Avenue, since the bridge component of Sta Monica-Lawton Bridge, known as the Kalayaan Bridge, was opened on June 12 and now connects the cities of Makati, Pasig, and Mandaluyong. “The DPWH Unified Project Management Office (UPMO) Operations have hastened work as we target to fully complete the BGC-Ortigas Center Link

‘Habagat’ causes P155-M infra, agri damage to Bulacan

More than PHP155 million worth of infrastructures and crops in Bulacan province were destroyed after more than two weeks of “habagat” (southwest monsoon) rains enhanced by Typhoon Fabian. Based on the latest report of the Provincial Disaster Risk Reduction and Management Office (PDRRMO), agriculture incurred about PHP90.14 million in losses while damage to infrastructures was initially reported at PHP65.25 million. Agricultural losses covered rice, corn, high-value crops, fish, and livestock. The fishery sector took the biggest hit with losses running into PHP53.41 million, followed by the rice sector at PHP20.64 million, high-value crops at PHP15.79 million, livestock at PHP294,800, and

Japan still off-limits to Pinoys

The entry of Filipinos to Japan remains prohibited by the Japanese government, the Philippine Overseas Labor Office (POLO) in Tokyo said on Friday. Labor Attache Marie Rose Escalada said travel restrictions are still in effect against over 150 nations, which include the Philippines. “For inbound (passengers), the Japanese government is implementing border restrictions. Unfortunately, there are 154 countries as of July 2021. Unfortunately, the Philippines is included,” she said in a virtual forum. However, she said there are no restrictions in place for outbound passengers. Escalada said those going back to the Philippines are reminded to follow the strict protocols

Group prods solons anew to pass 3-year BTA extension

As the third regular session of the 18th Congress officially started, a group urged lawmakers to pass the bill extending the transition period of the Bangsamoro Transition Authority (BTA), based on the provisions of the Bangsamoro Organic Law (BOL) which was clearly ratified by the overwhelming majority of the Bangsamoro people. In a statement on Friday, the Bangsamoro People’s Coalition for the BTA Extension said extending the transitional period will show a responsive partnership between the government and the Moro Islamic Liberation Front (MILF). Earlier this week, the group held a peaceful prayer rally in Tandang Sora, Quezon City to

Zambo City reimposes Sunday lockdown amid Delta threat

The local task force addressing the coronavirus disease 2019 (Covid-19) has announced the reimposition of the Sunday lockdown with modifications, effective August 1, due to the persistent threat of the more transmissible Delta variant. Mayor Maria Isabelle Climaco-Salazar, in a Facebook post on Saturday, said the Sunday lockdown would last until August 15. Under this lockdown, only those heading to places of worship; health, Disaster Risk Reduction and Management (DRRM), and security front-liners; and those involved in emergencies would be allowed to go out. Others are advised to stay at home while children 17 years old and below will not

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