International
Enterprise (IE), a Singaporean agency that spearheads the overseas growth of
Singapore-based companies and promote international trade, has lauded the
Philippines as Asia’s next bright spot.
IE
stressed that the strong 7% gross domestic product (GDP) growth of the
Philippines over the past two years has increased the world’s confidence in the
country and acknowledged the positive contribution of public-private
partnerships in the economy.
“With
an annual $20 billion in overseas remittances spurring consumer demand and $17
billion worth of Public-Private Partnership (PPP) projects in the pipeline, the
Philippines is Asia’s best growth story today,” IE added.
To
encourage Singaporean companies to invest in the Philippines, International
Enterprise conducted recently “The Philippines: Asia’s Bright Spot iAdvisory
Seminar” where Philippine government officials presented the infrastructure and
consumer opportunities in the country.
Public-Private
Partnership Center Executive Director Cosette Canilao discussed the PPP program
and implementation updates during the “Opportunities in the Philippines’ PPP
Sector session.
Canilao
also presented the different PPP investment opportunities in the pipeline which
include the newly-approved projects by the National Economic and Development
Authority (NEDA) board. These are the operations, maintenance and development
project of the Iloilo, Bacolod, Davao, and Puerto Princesa airports; regional
prison facilities through PPP and Davao Sasa port modernization project.
Other
approved projects for implementation are the operations, maintenance and
development of the new Bohol (Panglao) and Laguindingan airport projects. The
eight projects have an indicative cost of P183.17 billion.
After
the iAdvisory seminar in Singapore, the PPP Center will conduct a PPP
Investment Forum in Melbourne and Sydney, Australia. Australian-based
investors, operators, contractors, developers, lenders and fund managers are
expected to attend the Australia investment roadshow.
International
Enterprise (IE), a Singaporean agency that spearheads the overseas growth of
Singapore-based companies and promote international trade, has lauded the
Philippines as Asia’s next bright spot.
IE
stressed that the strong 7% gross domestic product (GDP) growth of the
Philippines over the past two years has increased the world’s confidence in the
country and acknowledged the positive contribution of public-private
partnerships in the economy.
“With
an annual $20 billion in overseas remittances spurring consumer demand and $17
billion worth of Public-Private Partnership (PPP) projects in the pipeline, the
Philippines is Asia’s best growth story today,” IE added.
To
encourage Singaporean companies to invest in the Philippines, International
Enterprise conducted recently “The Philippines: Asia’s Bright Spot iAdvisory
Seminar” where Philippine government officials presented the infrastructure and
consumer opportunities in the country.
Public-Private
Partnership Center Executive Director Cosette Canilao discussed the PPP program
and implementation updates during the “Opportunities in the Philippines’ PPP
Sector session.
Canilao
also presented the different PPP investment opportunities in the pipeline which
include the newly-approved projects by the National Economic and Development
Authority (NEDA) board. These are the operations, maintenance and development
project of the Iloilo, Bacolod, Davao, and Puerto Princesa airports; regional
prison facilities through PPP and Davao Sasa port modernization project.
Other
approved projects for implementation are the operations, maintenance and
development of the new Bohol (Panglao) and Laguindingan airport projects. The
eight projects have an indicative cost of P183.17 billion.
After
the iAdvisory seminar in Singapore, the PPP Center will conduct a PPP
Investment Forum in Melbourne and Sydney, Australia. Australian-based
investors, operators, contractors, developers, lenders and fund managers are
expected to attend the Australia investment roadshow.
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