PPP Code rules seen to hike investments
Trade Secretary Alfredo Pascual
Trade Secretary Alfredo Pascual on Saturday said that the implementing rules and regulations (IRR) of the Public-Private Partnership (PPP) Code will help bring in more investments to the country.
In a statement Pascual said the PPP Code itself as well as its comprehensive IRR serve as a cornerstone in the government’s strategy to mobilize private sector investment, innovation and expertise in building infrastructure that is world-class.
Pascual said further that this transparency in policies and processes ensures that public-private ventures are implemented most efficiently and effectively.
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The trade chief also characterized the reforms as timely, given the government’s aim to bolster the economy’s resilience and improve the overall quality of life for Filipinos.
For 2024, the Board of Investments is targeting at least P1.1 trillion worth of investments, with expectations that most of these will be in the renewable energy sector.
The Philippine Economic Zone Authority, on the other hand, is shooting for a P250 billion target. —ALDEN M. MONZON
