• Property and Development

  • 01.Apr
  • Manila’s U-Belt site of heritage conservation
  • MANILA, Philippines – Unknown to many, the Central University Belt or “U-belt” area in Sampaloc, Manila, is home not only to several universities and colleges but to several heritage sites as well.
    But these sites, which include the 101-year-old Gota de Leche building and the ancestral homes of famous personalities like Jose Maria Basa, a businessman […]

  • Economics and Investments

  • 11.Mar
  • QC reduces tax for micro business
  • The Quezon City government in its desire to support the development of micro enterprises in the city is now pushing for the full implementation of the BMBE Act (Barangay Micro-Business Enterprises and RA1978).
    Nathan Zulueta, consultant to the office of the city mayor said by virtue of Ordinance 1576 approved by Mayor Feliciano Belmonte, Jr. the […]

  • Management and Governance

  • 27.May
  • ‘Too much autonomy’ makes RP cities less business friendly
  • Major cities in the Philippines generally take longer to issue business-related permits and licenses compared to most cities in the world, thus constraining their growth and competitiveness, a recent study shows.
    Twenty-one cities in the country are able to authorize numerous and varying procedures in starting businesses in their jurisdictions because, according to a private sector […]

  • Other Urban Centers

  • 23.Mar
  • NUEVA ECIJA: 40% drop in index crimes reported in Ecija
  • The Nueva Ecija police recorded a total of 69 index crimes in the first quarter of the year, a 40 percent drop compared to the 116 cases during the same period last year.
    Senior Superintendent Napoleon Taas, Nueva Ecija police director, credited the drop to the strict implementation of the Mamang Pulis project of Philippine National […]

MRT-7 gets transport green light

The transport department has tapped Universal LRT Corp. to build a $3.3-billion commercial project on North Avenue, Quezon City, and a light rail transit starting from the same place and reaching San Jose del Monte in Bulacan.
Universal LRT Corp., a consortium made up of EL International Holdings of Israeli businessman Eli Levin, the SM Group […]

By John Lucero

The transport department has tapped Universal LRT Corp. to build a $3.3-billion commercial project on North Avenue, Quezon City, and a light rail transit starting from the same place and reaching San Jose del Monte in Bulacan.

Universal LRT Corp., a consortium made up of EL International Holdings of Israeli businessman Eli Levin, the SM Group of Companies, and Megawold Corp. is expected to start building the project late this year or early next year for completion in 2012.

The 23-kilometer Metro Rail Transit Line 7 will include a 22-km access road starting from the North Luzon Expressway, and will cost $1.3 billion. Its commercial component will cost $2 billion.

read the rest of the story from Manila Standard Today

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