The House public works and highways panel on Thursday approved a bill mandating government agencies to pursue public-private partnership (PPP) projects as priorities and remove bottlenecks in implementing them.
Likewise, such priority projects should be consistent with the Philippine Development Plan or its equivalent at the local level.
“The Philippines is envisioned as a country that has high sustainable growth, generates mass employment and enjoys reduced poverty. Towards this end, encouraging PPPs should be a means to develop the country's infrastructure in all sectors and secure our economic global ranking,” Recto said in his explanatory note on the measure.
These conglomerates, Salceda said, include San Miguel Corporation, Megaworld, Ayala Corporation, Aboitiz Equity Ventures, Metro Pacific Investments, SM Investments, First Philippine Holdings, Filinvest Development Corporation, LTG, GT Capital, and ICTSI.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
House panel OKs proposed new law on public-private partnershipsAddressing the ambiguities of the existing public-private partnership framework is a top legislative priority of President Marcos, as stated during his first SONA.
Read more »
House committee OKs bill to amend RA 10845 - BusinessMirrorTHE House Committee on Agriculture and Food has approved a bill including tobacco smuggling as economic sabotage and impose tougher penalties against it by amending some provisions of Republic Act (RA) 10845 or the Anti-Agricultural Smuggling Act of 2016. Puwersa ng Bayaning Atleta party-list Rep. Margarita Ignacia B. Nograles and Ilocos Norte Rep. Sandro A.
Read more »
DepEd vows inclusive learning recovery as Senate OKs budgetThe Department of Education (DepEd) has vowed to uphold inclusive learning recovery in the country, as the Senate approved its proposed budget for 2023. The DepEd made the statement on Monday night…
Read more »
House panel okays 'Heart' billTHE House of Representatives' Committee on Health approved on Wednesday, subject to amendments, a substitute bill that seeks to create the Health Emergency Auxiliary...
Read more »
House constitutional amendments panel chair revives Cha-Cha talksCagayan de Oro 2nd District Representative Rufus Rodriguez proposes amendments through a constitutional convention, saying this is the 'most democratic and least divisive' mode to amend the Constitution.
Read more »
House panel okays bill providing more workforce to ComelecThe House suffrage and electoral reforms panel on Wednesday approved a bill strengthening the Commission on Elections (Comelec) by increasing the number of its field offices and corresponding workforce.
Read more »