Republic of the Philippines

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PPP in the News

PPP bidding success key to faster growth

PPP bidding success key to faster growth

Malaya, 19 July 2012 The Philippine economy could grow an additional two percentage points each year if the government could bid out all of its planned Public-Private Partnership (PPP) projects, an official from the Department of Finance said. Finance Undersecretary Gil Beltran said that government calculations showed that PPPs, which could easily account for 2... continue reading

8 PPP projects billed as key to faster growth

8 PPP projects billed as key to faster growth

Philippine Star, 19 July 2012 MANILA, Philippines – The Philippine economy could grow by an additional two percentage points this year if the government is able to bid out all eight infrastructure projects under its public-private partnership (PPP) program, a Finance official said. Given these estimates, Finance Undersecretary Gil Beltran said the Philippine economy has the potential... continue reading

To Fund Infra, Power Projects Ayala Corp. Raises P6.45 Billion

To Fund Infra, Power Projects Ayala Corp. Raises P6.45 Billion

Manila Bulletin, 18 July 2012 MANILA, Philippines — Ayala Corporation has completed the sale of P6.45 billion worth of treasury shares as part of plans to beef up its war chest as it looks to invest up to US$1 billion in the transport infrastructure and power generation sectors over the next five years. In a... continue reading

PPP could grow economy by 2% yearly

PPP could grow economy by 2% yearly

Business Mirror, 18 July 2012 he country’s economy as measured by gross domestic product (GDP) could grow by an additional 2 percent each year if the government managed to bid out and implement all of the big-ticket projects under the Aquino administration’s public-private partnership (PPP) initiative, a finance official said on Wednesday. According to Finance... continue reading

PPP projects can help PH exceed growth target this year

PPP projects can help PH exceed growth target this year

ABS-CBN News, 18 July 2012 MANILA, Philippines – If the government’s 8 public private partnership projects will be bidded out this year, the Philippine economy may even exceed its growth target of 7-8% for this year, according to a Finance department official. Finance Undersecretary Gil S. Beltran said the Philippine economy performed well in the... continue reading

Health dep’t lining up more facilities for PPP

Health dep’t lining up more facilities for PPP

Business World, 17 July 2012 “We want PPP for infrastructure and technical upgrades of 25 DoH-run hospitals,” Health Secretary Enrique T. Ona said during a Senate hearing on updates of his department’s use of its budget for this year. Health Undersecretary Teodoro J. Herbosa added in a telephone interview yesterday, “This is in-line with the... continue reading

Gov’t wants Ayala Corp. to tweak project design

Gov’t wants Ayala Corp. to tweak project design

Business World Online, 16 July 2012 AYALA CORP. will have to revise the design of its public-private partnership (PPP) project — so far the only one awarded by the government — to make way for the possible expansion of the South Luzon Expressway (SLEx). “It was agreed that Ayala will submit its proposed design revisions... continue reading

DOTC invites more Korean firms for P557M Laguindingan airport project

DOTC invites more Korean firms for P557M Laguindingan airport project

12 July 2012, GMA News   To “help economic activity in the region soar to new heights”, the Department of Transportation and Communications is eyeing more Korean firms to participate in the P557 million improvement of the air navigation system at the Laguindingan Airport in Misamis Oriental. The airport development project is almost finished, but... continue reading

DOTC invites Korean firms for P557-M airport project

DOTC invites Korean firms for P557-M airport project

13 July 2012, The Philippine Star by Lawrence Agcaoili   Manila, Philippines – The Department of Transportation and Communications (DOTC) is eyeing large Korean firms to participate in the improvement of the air navigation system worth about P557 million at the Laguindingan Airport in Misamis Oriental. Transportation Secretary Mar Roxas said the project would be... continue reading

Public construction expands 56% in June

Public construction expands 56% in June

11 July 2012, Business World Online by Franz Jonathan de la Fuente   THE VALUE of local public infrastructure launches grew by double-digits last month versus the month prior, thanks partly to the increased roll out of public-private partnership (PPP) projects in the period, according to construction media group BCI Asia Philippines, Inc. A recent... continue reading