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
EDITORIAL – The cost of pollution
17 May, 2016 at 17:32
Public dissatisfaction over the acute inadequacy of mass transportation facilities and transport-related services particularly in Metro Manila is seen to be among the reasons for the rejection of President Aquino’s anointed successor.
Transition team bares Duterte’s 8-point economic agenda
13 May, 2016 at 09:11
Sonny Dominguez, who is part of the transition team, says Duterte wants to accelerate infrastructure spending because this will lead to job generation and will be ‘injecting economic activity in our country’
SMC to open Naia Expressway portion in...
12 May, 2016 at 16:00
Conglomerate San Miguel Corp. (SMC) is hoping to open a key phase of the Naia Expressway tollroad next month in order to help ease bottlenecks around the Ninoy Aquino International Airport complex in Metro Manila.
Monsada bares energy wish list for next...
12 May, 2016 at 14:00
ENERGY Secretary Zenaida Y. Monsada has enumerated a list of ongoing and unfinished initiatives that she hopes the next administration will continue.
[VIDEO] Business Community expects continuity
11 May, 2016 at 16:13
Bloomberg TV Philippines – First Up | May 10, 2016
[VIDEO] Philippine Election: What Are Investors Expecting?
10 May, 2016 at 10:09
John Forbes, senior adviser for AmCham Philippines, discusses the election in the Philippines and the expectations of investors. He speaks to Bloomberg’s Haslinda Amin on “First Up.” (Source: Bloomberg)
Aquino’s PPP tap runs dry
6 May, 2016 at 12:00
The Government will be hard-put to award any more public-private partnership (PPP) projects within the barely two months left before President Benigno S.C. Aquino III steps down.
More laws to pass
3 May, 2016 at 10:40
The 16th Congress came up with key economic reforms that promise to fundamentally change our economy. Foremost among them is the Philippine Competition Act (Republic Act No. 10667), a law that took nearly three decades to finally enact…
Why DOTC sucks
29 April, 2016 at 12:47
The other week, there was this tweet that DOTC is hiring more lawyers. After I stopped laughing and shaking my head from left to right, I just had to share that tweet with my social media friends.
PH ranked 89th in e-commerce growth
27 April, 2016 at 08:00
The Philippines ranked 89th out of 137 countries and territories worldwide in terms of readiness to support online shopping and other business-to-consumer electronic commerce (or B2C e-commerce)…
GSIS mulls new $400-M fund for infra
26 April, 2016 at 16:00
State-run Government Service Insurance System (GSIS) is planning to set up another $400-million fund for major infrastructure projects after its successful foray into the sector almost four years ago.
[VIDEO] Effects of Slowing Global Economic Growth...
26 April, 2016 at 12:30
CNN Philippines interview AmCham Philippines Senior Adviser Mr. John D. Forbes on the effects of slowing global economic growth on the Philippines.
Leadership change
26 April, 2016 at 10:41
What can we expect from the approaching change of leadership?
SC says price for NAIA 3 takeover...
21 April, 2016 at 15:30
The Supreme Court denied on Tuesday the government’s plea to reduce its payment to Philippine International Airport Terminals Co., Inc. (Piatco) for taking over the Ninoy Aquino International Airport International Passenger Terminal 3 (NAIA-IPT III) in Pasay City.
More port calls seen for cruise tourism
21 April, 2016 at 13:30
The Department of Tourism (DOT) expects cruise tourism to exceed the port calls in 2015 as the agency continues to expand avenues amid air connectivity issues in the country.
Mindanao shipping costs to drop with new...
20 April, 2016 at 16:00
The inclusion is contained in the amendment to Executive Order 170, Promoting Private Sector Participation and Investment in the Development and Operation of the Road Ro-Ro Terminal System, which was approved last March 29 under Executive Order (EO) 204, series 2016.
