1. PAREx negotiation updates
2. PAREx ongoing discussions
3. PAREx unresolved agreement
San Miguel Corp. (SMC) has not formally withdrawn the P81.53-billion Pasig River Expressway (PAREx) project despite public outcry. TRB Executive Director Alvin Carullo confirmed that no official communication has been received from SMC Infrastructure regarding the project’s cancellation. The project is currently in the final engineering design stage but has stalled due to recent developments. SMC decided to drop the 19.37-kilometer elevated toll road project in response to environmental concerns raised by the public. Meanwhile, Alibaba Group is expanding its data center infrastructure in key markets, including the Philippines, to meet the rising demand for AI technologies.
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San Miguel Corp. (SMC) made headlines over two months ago when it announced it was abandoning the P81.53-billion Pasig River Expressway (PAREx) project due to public backlash. However, despite this announcement, the Toll Regulatory Board (TRB) has stated that no formal action has been taken to withdraw the project as of yet.
TRB Executive Director Alvin Carullo revealed to reporters that they have not received any official communication from SMC Infrastructure regarding the cancellation of the PAREx project. This means that technically, the project is still on the table, even though it has faced strong opposition from environmental groups.
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The PAREx project, a 19.37-kilometer elevated toll road passing through the Pasig River, was heavily criticized for its potential negative impact on the river’s ecosystem. SMC chief Ramon Ang decided to halt the project after considering public opinion and environmental concerns.
Despite the controversy surrounding the PAREx project, it is currently in the final engineering design stage, according to the TRB. However, further review of the project has been put on hold due to the uncertainty surrounding its status.
In other news, the Alibaba Group, a leading Chinese technology company, has announced plans to establish new data centers in key markets across Asia, including the Philippines. The company aims to expand its AI infrastructure and cloud capacities to meet the increasing demand for AI technologies across various industries.
Alibaba’s decision to invest in new data centers comes at a time when the demand for such facilities is on the rise due to the growing digitalization of businesses. Other major industry players, including PLDT Inc., Globe Telecom, and Converge ICT Solutions Inc., are also expanding their data center capabilities to cater to the needs of hyperscalers requiring more data storage for their operations.
One of the key questions surrounding Alibaba’s upcoming data center is the design capacity it will offer. As the company continues to expand its cloud services and networking capabilities, the new data center in the Philippines is expected to play a crucial role in meeting the growing demand for AI technologies in the region.
Overall, the developments surrounding the PAREx project and Alibaba’s new data centers highlight the ongoing evolution of infrastructure and technology in the Philippines. As companies like SMC and Alibaba navigate challenges and opportunities in the market, their decisions will shape the future of the country’s digital landscape.
In conclusion, while the fate of the PAREx project remains uncertain, the expansion of data centers by Alibaba and other industry players signifies a growing focus on digital infrastructure and technology innovation in the Philippines. As these developments continue to unfold, it will be interesting to see how they impact the country’s economy and technological advancement in the years to come.