Transforming the “Sick Man of Asia”

Reading Time: 2 minutes
The Philippines’ president Benigno Aquino III wants to attract more foreign investors to enter public-private partnerships

The Philippines’ president Benigno S. Aquino III has urged foreign investors to look into the bidding of 21 public-private partnership (PPP) projects the country’s government has currently in the pipeline. In trying to win more investments, Aquino said the Philippines has transformed “from being the sick man of Asia into an uncommon bright spot in the world economy.”

Main projects include a water supply project of the Metropolitan Waterworks and Sewerage System in Manila worth 25 billion pesos ($610 million), others are road infrastructure and power supply projects as well as urban transport projects.

Another profitable economic opportunity is the business process outsourcing sector, which has boosted the Philippine economy in the last decade, according to Aquino. The Philippines overtook India and became the world’s number one location for voice BPO in 2010.

The president affirmed his commitment to provide BPO companies with the talent they need to continue and even expand their operations in the Philippines.

“Our ambition for our BPO sector is for it to be the world’s number one – not just in voice BPO, but in other services higher up the value chain as well. I believe our workers have the talent to do it, and I invite companies to come over and be part of that,” he said.

He said investors can also consider shipbuilding investments in the Philippines, citing the skilled workforce and sheer amount of coastline the country has.

During a speech at the Philippines-Australia Business Forum, he also addressed Australian companies to look at the investment opportunities in  infrastructure and mining.

With $951 billion in untapped mineral wealth, Aquino described mining in the Philippines as “an industry with great potential.”

“Our country wishes to take advantage of this wealth in the most equitable and environmentally friendly manner,” he added.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 2 minutes

The Philippines’ president Benigno Aquino III wants to attract more foreign investors to enter public-private partnerships

The Philippines’ president Benigno S. Aquino III has urged foreign investors to look into the bidding of 21 public-private partnership (PPP) projects the country’s government has currently in the pipeline. In trying to win more investments, Aquino said the Philippines has transformed “from being the sick man of Asia into an uncommon bright spot in the world economy.”

Reading Time: 2 minutes

The Philippines’ president Benigno Aquino III wants to attract more foreign investors to enter public-private partnerships

The Philippines’ president Benigno S. Aquino III has urged foreign investors to look into the bidding of 21 public-private partnership (PPP) projects the country’s government has currently in the pipeline. In trying to win more investments, Aquino said the Philippines has transformed “from being the sick man of Asia into an uncommon bright spot in the world economy.”

Main projects include a water supply project of the Metropolitan Waterworks and Sewerage System in Manila worth 25 billion pesos ($610 million), others are road infrastructure and power supply projects as well as urban transport projects.

Another profitable economic opportunity is the business process outsourcing sector, which has boosted the Philippine economy in the last decade, according to Aquino. The Philippines overtook India and became the world’s number one location for voice BPO in 2010.

The president affirmed his commitment to provide BPO companies with the talent they need to continue and even expand their operations in the Philippines.

“Our ambition for our BPO sector is for it to be the world’s number one – not just in voice BPO, but in other services higher up the value chain as well. I believe our workers have the talent to do it, and I invite companies to come over and be part of that,” he said.

He said investors can also consider shipbuilding investments in the Philippines, citing the skilled workforce and sheer amount of coastline the country has.

During a speech at the Philippines-Australia Business Forum, he also addressed Australian companies to look at the investment opportunities in  infrastructure and mining.

With $951 billion in untapped mineral wealth, Aquino described mining in the Philippines as “an industry with great potential.”

“Our country wishes to take advantage of this wealth in the most equitable and environmentally friendly manner,” he added.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid