INFRASTRUCTURE
SECTOR BACKGROUND AND POTENTIAL
The Philippines is significantly underinvesting in physical infrastructure, with its public sector infrastructure budget consistently below 3% of GDP. Spending on social infrastructure for education and health is also inadequate at slightly over 4% of GDP. Polls of businessmen repeatedly show poor infrastructure as one of the top challenges facing the Philippine economy, second only to corruption. Like corruption, poor infrastructure severely weakens economic competitiveness.
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Airports
With its archipelagic character, the Philippines depends on air and sea transport much more than countries with large continuous landmasses. Since a high percentage of domestic and international commerce and travel is by air and sea, the efficiency of aviation and maritime transportation.... [ Read This Chapter ]Power
Electric power and water are essential needs for modern man, to survive, and to thrive. In the globe’s fastest-growing region – Asia – they are especially critical to economic growth and competitiveness. [ Read This Chapter ]
Invest commitments surge 338% to P191 billion...
1 July, 2011 at 19:27
Investment commitments went up by 338 percent to P191.182 billion in the first five months of the year from a year ago level of P43.613 billion as
Government revising joint-venture rules for transparency
19 June, 2011 at 14:28
THE GOVERNMENT is drafting revised rules for joint ventures to lessen leeway for unsolicited proposals in line with promises to clamp down on
DBM: Thicker, longer, quality national roads due...
6 June, 2011 at 18:22
A May 16, 2011 press release by the Department of Budget and Management Secretary Abad: Good governance could result in P6-7b more public works
Government on track with PPP program –...
30 May, 2011 at 18:06
The government is on track with its much-touted Public-Private Partnership (PPP) program for infrastructure, Finance Secretary Cesar Purisima said
A PPP success story
10 January, 2011 at 14:31
Introspective — By Romeo L. Bernardo Public Private Partnership (PPP) has been launched recently as a key ingredient in the
