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 ]
News Updates
[OPINION] Wishes for the economy in 2018
8 January, 2018 at 17:00
Happy New Year, dear readers! We start 2018 on a positive note: My wishes for the economy in January 2017 were largely realized.
[OPINION] What I’d like to see in...
2 January, 2018 at 13:00
It’s been 18 months since President Duterte assumed office, and people, particularly foreigners, are still not quite sure of what they’ve got.
Duterte wants telco duopoly broken by March
21 December, 2017 at 10:57
Will the telco duopoly be broken by March?
Megawide, GMR to build Clark terminal
20 December, 2017 at 13:00
The consortium of listed builder Megawide Construction Corp. and Bangalore-based airport operator GMR Infrastructure Ltd. has won the contract to build a new terminal building at Clark International Airport…
SMC airport, Megawide rail projects move up
20 December, 2017 at 10:46
Three unsolicited project proposals for rail, airport and flood control are expected to hurdle regulatory approval and rolled out next year, having been identified as priority infrastructure projects, the Public-Private Partnership (PPP) Center said yesterday.
Manila to revive truck ban
19 December, 2017 at 11:19
The Manila city government will revive the implementation of the truck ban to rid the city of traffic gridlocks, especially this Christmas season, Mayor Joseph Estrada announced yesterday.
Megawide-GMR consortium offers lowest bid for new...
15 December, 2017 at 11:00
The consortium of local firm Megawide Construction Corp. and GMR Infrastructure Ltd. of India is the frontrunner to bag the contract for the design…
[EDITORIAL] Needed: Cleaner airport policy
15 December, 2017 at 09:18
Something exciting is happening in the aviation sector that may finally result in the much-needed rehabilitation and modernization of the old Ninoy Aquino International Airport (Naia).
NAIA super consortium to submit proposal next...
12 December, 2017 at 12:00
The super consortium of seven conglomerates seeking to develop the Ninoy Aquino International Airport (NAIA) is now preparing its ambitious proposal and expects to formally submit it next year.
[OPINION] Gov’t open to Naia rehab offer
11 December, 2017 at 15:00
The government is open to accepting the proposal of seven of the country’s largest conglomerates to redevelop and rehabilitate the Ninoy Aquino International Airport, the country’s chief economist said.
Tycoons confirm Naia rehab bid
8 December, 2017 at 10:43
Seven of the country’s biggest conglomerates confirmed they were looking at rehabilitating and redeveloping the Ninoy Aquino International Airport…
Foreign chambers urge Congress to speed up...
7 December, 2017 at 15:10
Further feeling the impact of the worsening traffic gridlock this holiday season, the Joint Foreign Chambers (JFC) in the Philippines urged Congress yesterday to speed up the passage of the proposed Traffic and Congestion Crisis Act.
JFC Statement on the Traffic and Congestion...
6 December, 2017 at 14:34
The Joint Foreign Chambers (JFC) in the Philippines urge the Congress to complete plenary consideration of the Traffic and Congestion Crisis legislation.
Metro Manila traffic to reach ‘standstill levels’...
6 December, 2017 at 14:27
The Duterte administration’s infrastructure program may not be enough to deal with the country’s transportation woes as road congestion in Metro Manila may reach “standstill levels” by 2022, according to a study by an American consulting group.
Senate to tackle bill pushing for more...
6 December, 2017 at 10:53
The Senate committee on science and technology will hold next week its first hearing on a bill that aims to push for more players in the telecommunications sector, Senator Bam Aquino, chair of the committee, announced on Tuesday.
Business leaders want open field for telco
29 November, 2017 at 15:58
Business leaders have lauded President Duterte’s push to break the “duopoly” in the country’s telecommunications industry, but pointed out this should not be limited to Chinese companies.
