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May 31, 2022 6:00 PM PHT

San Miguel starts MRT7 depot construction

Ramon Ang-led San Miguel Corporation (SMC) started construction of the 20-hectare Metro Rail Transit Line 7 (MRT7) depot in San Jose del Monte City, Bulacan.

In a statement on Tuesday, May 31, SMC said the depot will house up to 150 train cars, which it said will exceed the 108 rail cars or 36 train sets currently set for the project.

Philippines gets fresh loans from ADB for climate change, capital markets

The Asian Development Bank (ADB) approved two new policy-based loans for the Philippines’ climate change adaptation and the deepening of its capital markets.

Details here.

Ralf Rivas