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Latest: ZTE’s reported U.S. settlement talks highlight why compliance matters for PH’s infrastructure future Latest: iProov and HYPR unite to form ‘ultimate defense’ against AI-driven workforce identity fraud Latest: ORIX METRO launches Project NXT–CORE, accelerates finance digitalization with Oracle NetSuite, and ABBE Latest: BSP cuts key rate as FDI inflows rise, signaling cautious push to support slowing growth Latest: Maya steps up financial literacy push for HK OFWs, eyes stronger digital adoption and money confidence Yesterday: AMD unveils new AI infrastructure wins as fintech sector ramps up compute demand Yesterday: Payoneer helps Filipino creative startups go global as demand for digital talent surges Yesterday: Reddit global outage shows why today’s digital infrastructure is more fragile than ever Yesterday: TikTok, SEC forge powerful alliance to strengthen PH scam defenses, boost digital literacy Latest: ZTE’s reported U.S. settlement talks highlight why compliance matters for PH’s infrastructure future Latest: iProov and HYPR unite to form ‘ultimate defense’ against AI-driven workforce identity fraud Latest: ORIX METRO launches Project NXT–CORE, accelerates finance digitalization with Oracle NetSuite, and ABBE Latest: BSP cuts key rate as FDI inflows rise, signaling cautious push to support slowing growth Latest: Maya steps up financial literacy push for HK OFWs, eyes stronger digital adoption and money confidence Yesterday: AMD unveils new AI infrastructure wins as fintech sector ramps up compute demand Yesterday: Payoneer helps Filipino creative startups go global as demand for digital talent surges Yesterday: Reddit global outage shows why today’s digital infrastructure is more fragile than ever Yesterday: TikTok, SEC forge powerful alliance to strengthen PH scam defenses, boost digital literacy
Photo of the Redemptorist Station of LRT 1. which registered an overall completion rate of 86.3%

LRT-1 Cavite extension phase 1 on track for Q4 2024 opening

Construction progress at 94.1% as of Q3 2023

Continued progress is on the horizon for the Light Rail Manila Corporation (LRMC), the private operator of LRT-1, as it remains bullish on the completion of construction works and the start of commercial operation for the LRT-1 Cavite Extension Phase 1 Project in the last quarter of 2024.

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The LRT-1 Cavite Extension project registered a 94.1% progress rate as of the end of Q3 of 2023

The LRT-1 Cavite Extension project continues to shape up as it registered a 94.1% progress rate as of the end of the third quarter of 2023 for the civil and system works of the 6.7-kilometer phase 1 project, composed of five (5) new stations that are in various stages of development.

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The Redemptorist Station registered an overall completion rate of 86.3%

This includes Redemptorist Station, which will be the next station after the existing Baclaran station (southbound), registering 86.3% completion; MIA Station, which will be the closest station to the airport, at 86.9%; Asia World Station, which will be connected to the Paranaque Integrated Terminal Exchange (PITX) for a more convenient transfer of commuters to other modes of transportation going to their destination, at 72.9%; Ninoy Aquino Station at 81.5%; and Dr. Santos Station, which will be the last station for the first phase of the project – with a bus terminal, sports facility, and interconnection to the nearby SM City Sucat, at 90.5%.

“We are optimistic that in less than a year, we are to begin the commercial operations of the LRT-1 Cavite Extension Phase 1 Project. The overall progress rate is a good signal to usher the country into an era of modern railway experience where passengers can take advantage of world-class amenities, user-friendly and PWD-friendly facilities, high standards of safety and security, and value-added services,” stated Juan F. Alfonso, President and CEO of LRMC.

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The MIA Station registered a 72.9% progress rate

With construction activities in full swing, safety remains the top priority of LRMC for its workers and workplaces by carrying out programs to ensure stringent health, safety, and environmental practices among its employees and contractors. In September this year, the LRT-1 Cavite Extension Phase 1 Project recorded 358,338 safe man-hours, accumulating 11.8 million safe man-hours without a lost time incident (LTI) for the project.

This is a result of consistent site inspections, performance-based strategies, the use of technology for a robust system of reporting, regular drills, and simulation exercises.

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The Asia World Station with a progress rate of 72.9%

Ralph Fajardo

Ralph, the Editor-in-Chief of FintechNewsPH.com, brings over 15 years of writing and editorial experience that make him a strong fit to lead the publication’s mission of delivering credible and compelling fintech stories. Before joining FintechNewsPH.com, he served as editor of Hello Philippines, a UK-based news magazine for the Filipino community abroad, where he covered stories on culture, business, and the global Filipino experience. He also contributed as a writer for The International Filipino, profiling Filipinos making an impact worldwide, and later worked as copy editor for Malaya Business Insight, one of the country’s respected business newspapers, where he refined his eye for accuracy, clarity, and style. Ralph’s editorial journey began at the University of the Philippines Diliman, where he was Editor-in-Chief of Kampus Dyornal. There, he developed a keen sense for storytelling that informs and connects — a passion that continues to define his work today. Through the years, Ralph has written across diverse subjects, from finance and technology to culture and communication, consistently weaving insight with narrative depth. His solid newsroom background and commitment to quality journalism position him to guide FintechNewsPH.com in highlighting the stories that shape the country’s rapidly evolving fintech landscape. Discover more about Ralph's professional journey on his LinkedIn profile (https://www.linkedin.com/in/raphael-fajardo-17155491/).