Manila PPP revamp provides fillip for investors
- From: Vol 11, Issue 12 (December 2010)
- Category: General
- Region: Asia
- Country: Philippines
- Related Companies: Asian Development Bank , Deutsche Bank, HSBC and National Economic Development Authority
The Philippines is making PPP reform a priority in order to attract infrastructure investment. Lenders are likely to remain cautious until words are translated into action.
International investors have given a cautiously positive welcome to the late November announcement of revamped rules affecting public-private partnerships (PPPs) in the Philippines.
At a business forum held in Manila, the government announced its willingness to provide investors with more protection from regulatory risk, and committed to processing all solicited bids within six months of receipt. Meanwhile, the body responsible ...
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