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December 28, 2017

2017 GDP growth seen at 6.5 to 7%

December 28, 2017

2017 GDP growth seen at 6.5 to 7%

In
The Philippines can attain a full-year economic growth of 6.5 to 7 percent in 2017 on the back of improved government spending and export performance, investment house First Metro Investment Corp. said. The country posted a better-than-expected gross domestic product (GDP) growth of 6.9 percent year-on-year in the third quarter. This brought the average nine-month... continue reading
December 28, 2017

Business group calls for next-level gov’t and private-sector collaboration

December 28, 2017

Business group calls for next-level gov’t and private-sector collaboration

The APEC Business Advisory Council (ABAC) Philippines is seeking broader stakeholder engagement, bolder reform measures, and better public-private sector coordination – to reinforce the government’s “build, build, build” program. This is in response to the APEC leaders’ call for sustainable, innovative and inclusive growth. APEC leaders earlier agreed to focus on structural reform to promote... continue reading
December 27, 2017

YearEnder: Private firms struggle to find role in Build Build Build

December 27, 2017

YearEnder: Private firms struggle to find role in Build Build Build

MANILA, Philippines — It’s almost impossible not to talk about the domestic economy and the administration’s bold infrastructure agenda in the same breath as hopes of sustaining the faster-than-expected growth in recent quarters is firmly hinged on the administration’s promise of unflinching project delivery. The Philippines, after all, remains largely a consumer-driven economy, and so... continue reading
December 27, 2017

It’s back to center stage for PPP

December 27, 2017

It’s back to center stage for PPP

AT least five multibillion-peso deals under the Public-Private Partnership (PPP) Program are expected to take center stage in 2018, as the government tries to accelerate infrastructure development via private-sector funding next year. Ferdinand A. Pecson, who sits as executive director at the PPP Center, said his office has identified several projects that could “probably” be... continue reading
December 26, 2017

Economists expect 2017 GDP growth topping 6.5%

December 26, 2017

Economists expect 2017 GDP growth topping 6.5%

Economists said the 2017 gross domestic product growth likely settled within the 6.5 percent to 7 percent target range of the government on the back of higher infrastructure spending. Economists of First Metro Investment Corp. and University of Asia & the Pacific said in a joint report the growth momentum returned in the third quarter... continue reading
December 26, 2017

The future of infrastructure

December 26, 2017

The future of infrastructure

(First of two parts) The arguments over who should build, operate and maintain infrastructure projects have grown recently, with four options being considered: Government funding, ODA funding, PPP and a mix of the first two and the private sector—hybrid. The Aquino administration made a great fuss about moving to PPP as a way to do... continue reading
December 25, 2017

TRAIN to fund 25% of Duterte infra program

December 25, 2017

TRAIN to fund 25% of Duterte infra program

MANILA, Philippines — The recently enacted tax reform bill is seen to fund about 25 percent of the P8.4-trillion “Build Build Build” program of the Duterte administration, the Department of Finance (DOF) said over the weekend. In a statement, Finance Secretary Carlos Dominguez said the incremental revenue to be generated by Republic Act 10963 or... continue reading
December 23, 2017

Big firms team up for NAIA rehab

December 23, 2017

Big firms team up for NAIA rehab

SEVEN MAJOR COMPANIES, including some of the country’s biggest conglomerates, have formed a consortium to rehabilitate, operate and maintain Ninoy Aquino International Airport (NAIA), those listed among them said in separate disclosures on Thursday. The companies concerned — Aboitiz Equity Ventures’ (AEV) Aboitiz InfraCapital, Inc.; Ayala Corp.’s AC Infrastructure Holdings Corp.; Filinvest Development Corp. (FDC);... continue reading
December 23, 2017

‘Super consortium’ eyes Naia upgrade

December 23, 2017

‘Super consortium’ eyes Naia upgrade

Seven of the country’s biggest companies are banding together to bid for the rehabilitation of the Ninoy Aquino International Airport (NAIA). An unsolicited proposal will be submitted to the government by Ayala-led AC Infrastructure Holdings, Inc., Aboitiz Infra Capital, Inc., Andrew Tan’s Alliance Global Group, Inc., the Gotianun’s Filinvest Development Corp., Gokongwei-owned JG Summit Holdings,... continue reading
December 23, 2017

Proposed BOT Law changes to boost PPP governance

December 23, 2017

Proposed BOT Law changes to boost PPP governance

MANILA, Philippines — The proposed amendments to the Build-Operate-Transfer (BOT) Law — of which nine are pending at the House of Representatives — would improve the governance and competition for projects pursued under the public-private partnership (PPP) mode of project delivery, the PPP Center said. PPP Center executive director Ferdinand Pecson said the reforms put... continue reading

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