OPINION | Philippine Long Term Investment Fund: insulated from politics By Bernardo M. Villegas READ:
cits, and mediocre levels of foreign currency reserves. Worst still, the Philippines has the lowest Gross Domestic Savings to GDP at 9% compared to the average of East Asian countries of between 25% to 35%. The Philippines has no alternative but to attract foreign savings in the form of Foreign Direct Investments. Our borrowing capacity has been severely limited by the increase in our debt-to-GDP ratio to dangerous levels exceeding 60%.
As regards PPP with domestic investors, we are witnessing a drying up of long-term capital among leading PPP proponents like San Miguel Corp., First Metro, DMCI, and Megawide. In this regard, the Senators should seriously consider the recommendation of former Finance Undersecretary Romeo Bernardo to tweak the MIF so that it could attract generous grant and soft loans from donor countries, multilaterals, and private sector investors that will fund green energy projects.
Under this “Maharlika Green Investment Fund” concept proposed by Dr. Romeo Bernardo can be subsumed the plans of a good number of foreign investors who are ready to invest in renewable energy projects in the Philippines.
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.
PCG: Chinese vessels’ intercept course’ with PH Navy warship ‘unverified’MANILA, Philippines — The Philippine Coast Guard (PCG) on Monday said news reports claiming that Chinese vessels were shadowing a Philippine Navy warship in the West Philippine Sea are
Read more »
PH gov’t verifying latest incident with Chinese ships in West Philippine SeaThe Philippine Coast Guard issues the statement after reporting that Chinese vessels monitored and tailed a Philippine Navy vessel in the West Philippine Sea.
Read more »
Philippine sportswriters to honor Hidilyn Diaz as Athlete of the YearWeightlifting star Hidilyn Diaz will receive her fourth Athlete of the Year award from the Philippine Sportswriters Association after finally capturing a world title.
Read more »
Here's how BLINKs can get express bus ride to BLACKPINK's Philippine Arena concertCalling all BLINKs! Don't miss this chance to get shuttle bus tickets to BLACKPINK's concert at the Philippine Arena. | via philstarlife
Read more »
Furukawa Battery Now In The Philippines | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices
Read more »
Bato dela Rosa concerned over Philippine sovereignty after expansion of EDCA sitesSenator Ronald “Bato” dela Rosa on Monday said he was concerned over the country’s sovereignty after the Philippines and the United States agreed to designate four more Enhanced Defense Cooperation Agreement (EDCA) sites.
Read more »