PRESIDENT Ferdinand R. Marcos, Jr. has urged local governments to pursue public-private partnerships (PPPs) to build infrastructure within their jurisdictions.
“I think this is the way forward, and I encourage all our local government units to be open to the possibilities of PPPs,” he said in a meeting with the League of Cities of the Philippines on Tuesday. His remarks were released by the Palace on Wednesday.“There are many opportunities especially in infrastructure. Many of our friends from abroad — especially the ambassadors who paid courtesy calls to us — are oThe offers, Mr.
In his first address to Congress, the President said his government would create more opportunities to collaborate with the private sector.The Management Association of the Philippines urged the administration last month to “rectify overly stringent” Material Adverse Government Action provisions that discourage PPP investment due to high regulatory and political risks.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Drinkers, smokers seek respite from gloom by trading up - BusinessWorld OnlineLONDON — Soaring inflation has made life harder for most of the world — but some people are still smoking expensive cigarettes and doing shots of fancy tequila.
Read more »
Samat LNG seeks DoE nod - BusinessWorld OnlineSamat LNG Corp. sought approval from the Department of Energy (DoE) to proceed with the development and construction of a liquefied natural gas (LNG) terminal in Mariveles, Bataan. READ:
Read more »
Iloilo City eyes more PPP projects after partnership with SM Prime on development of 2 markets - BusinessWorld OnlineThe Iloilo City government is pursuing at least three more projects under a public-private partnership (PPP) arrangement, its mayor said on Thursday. READ:
Read more »
VP’s office aims to expand free transport program - BusinessWorld OnlineThe Office of Vice President Sara Duterte-Carpio on Thursday said it would pursue partnerships with the private sector to expand its program offering free rides to commuters. READ:
Read more »
Analysts: Philippines can’t stay neutral on Taiwan - BusinessWorld OnlineThe Philippines will have a difficult time staying neutral in case tensions further escalate between the United States and China over Taiwan, according to political analysts. READ:
Read more »
FTA signing with South Korea expected by November — DTI - BusinessWorld OnlineA free trade agreement (FTA) between the Philippines and South Korea is expected to be signed by November, according to the Department of Trade and Industry (DTI). READ:
Read more »