The government is considering setting up a contingent liability fund—proposed to initially be worth P30 billion—that will handle the unexpected cost for the government arising from infrastructure projects under the Public-Private Partnership (PPP) program.
The transportation department is moving forward with yet another public private partnership (PPP) project, this time a mass transit system seen to link four cities in the country’s capital district.
The government’s next public-private partnership (PPP) project—a smart card technology for Manila’s elevated railways—had just gotten off the ground. But the initial bid proceedings for the lucrative government contract was far from smooth.
The transportation department is moving forward with a “long-overdue” proposal for a $2.5-billion public private partnership (PPP) project meant to further develop and upgrade Luzon’s railway system, whose largest operator is the state-run Philippine National Railways (PNR).
The Department of Transportation and Communications (DOTC) is making progress with yet another public-private partnership (PPP) project with the opening of qualification documents for the P17.5-billion Mactan-Cebu International Airport set next Monday.
Ayala Corp. is keen on participating in the bidding for a number of upcoming infrastructure projects to be auctioned by the government under the public-private partnership (PPP) framework.
The much-touted but also much-delayed public-private partnership (PPP) may yet cover agriculture projects, but possibly with the much-maligned “take-or-pay” provisions, according to the Philippines’ chief economist.
Amid financial difficulties in Europe, Spanish companies are “betting” on the Philippines not only for profit but also for social returns, Spanish Ambassador to Manila Jorge Domecq told the Inquirer in an interview.
An official of this large publicly listed company sold some shares in his company shortly before a subsidiary reported a major adverse development that resulted in a free fall of the share prices of affiliated companies. As such, regulatory filings suggest that the official was able to lock up gains ahead of the selldown—although it remains to be proven whether he had done so because of some advanced information not available to the investing public.
A leadership change is coming to Petron Corp. this week as the country’s biggest petroleum refiner and distributor will soon get a new president—a move expected to be confirmed by its board of directors in a meeting scheduled Tuesday, Feb. 19.
THE PUBLIC-PRIVATE Partnership (PPP) Center reached its 2012 target of rolling out eight projects when the Department of Transportation and Communication opened the bid for the Mactan-Cebu International Airport project yesterday.
Setting up public-private partnership (PPP) agreements on a local level will enable small and medium-scale contractors to acquire a piece of the government action and ease the worsening employment situation in the country, a labor expert said Thursday.
