23 October 2012
Inside Investor Ltd., cited the Philippines as one of the key countries ripe with investment opportunities in Southeast Asia during its Inside Investor Forum Asia 2012 in Doha, Quatar.
Public-Private Partnership Center Executive Director Cosette V. Canilao spoke before a gathering of 400 participants consisting of global investment leaders and policy and decisions makers from the Association of South East Asian Nations (ASEAN) and the Gulf Cooperation Council (GCC) providing them with a comprehensive look on investment opportunities offered under the country’s Public-Private Partnership program.
“This forum in Doha gives us a good opportunity to expand our reach and explore other active markets with the possibility of partnering to invest in our growing pipeline of PPP projects,” Executive Director Canilao explained.
During the panel discussion on Transport and Infrastructure, the PPP Center Chief presented the pipeline of 22 PPP projects including big-ticket projects on infrastructure, highlighting areas for investment and partnerships, and stressing that the Philippines is currently reaping the benefits of a sound fiscal management backed by the Aquino administration’s commitment to transparency and accountability.
The two-day forum was organized by Inside Investor under the auspices of His Excellency Sheikh Hamad bin Jassim bin Jabr Al Thani, the Prime Minister of Quatar. Other noted speakers of the forum included Pehin Sri Haji Abdul Taib bin Mahmud, Chief Minister, Sarawak, Malaysia; Rushdi Siddiqui, Global Director-Islamic Finance, OIC, Thomson Reuters, USA; and Dr. Surin Pitsuwan, Secretary-General of Associations of Southeast Asian Nations (ASEAN).
The State of Quatar is currently implementing a program that will diversify its economy while building a knowledge-based society and establish strong partnerships between ASEAN and GCC.
Currently, Qatar has poured in approximately $4-5 billion in Foreign Direct Investment in oil, gas, petrochemicals and infrastructure, with Malaysia, Singapore, Indonesia, Thailand and the Philippines getting the bulk of these investments.
The GCC is also looking into new areas of cooperation specifically in non-oil projects like in food, manufacturing, industry and finance, while strengthening its economic ties with the ASEAN.