Duterte infrastructure bid gets boost with PSE listing rules


Posted at Feb 21 2017 03:57 PM

MANILA – The government’s infrastructure arm and the Philippine Stock Exchange on Tuesday agreed to guidelines on the listing of joint ventures, in a boost to President Rodrigo Duterte’s rebuilding effort.

Listing on the PSE will serve as an alternative to bank loans for companies that seek to build roads, bridges, airports and railways, said Public Private Partnership Center Executive Director Ferdinand Pecson.

“That’s the key, being able to tap the capital markets in terms of funding,” AB Capital Securities analyst Migs Lopez told ANC’s “Market Edge with Cathy Yang.”

Pecson said the PPP Center, under Duterte, had received at least four unsolicited proposals for infrastructure projects, including one for the upgrade of Clark Airport.