PUBLIC-PRIVATE partnership (PPP) projects are joining this year’s list of priority investment areas that would enjoy incentives from the government.
According to a draft of the 2011 Investment Priorities Plan (IPP), key PPP projects would be included in the “preferred activities” list.
The PPP initiative is a priority program of the Aquino administration aimed at driving economic growth through infrastructure development.
The other preferred investment activities are agriculture/agribusiness and fishery; creative industries (including business process outsourcing, information technology (IT), IT-enabled services, and film and performing arts production); shipbuilding; mass housing; energy; infrastructure; research and development; green projects; tourism; and strategic projects, which include motor vehicle assembly and manufacture of auto parts and components.
According to the draft 2011 IPP, “The extent of entitlement to incentives shall be based on the project’s net value-added, job generation, multiplier effect and measured capacity.”
The Department of Trade and Industry (DTI) had said that its investment promotion agencies—the Board of Investments and the Philippine Economic Zone Authority—would prioritize attracting investments that can contribute more value-added to the economy.
Also, DTI would introduce an incentives-giving tack wherein the fiscal and nonfiscal incentives to be granted are “directly correlated” to the benefits the project gives.
The draft 2011 IPP did not include cement production, iron and steel manufacturing, and disaster prevention, mitigation and recovery projects—all of which were part of the 2010 IPP.
The “Contingency List”—which was introduced in the 2009 IPP and retained last year to give projects badly hit by the global recession a breather—was also removed from the 2011 IPP draft.
This year’s IPP retained the “Mandatory List” covering activities that must be included in the IPP as provided for under existing laws; export activities; and the Autonomous Region of Muslim Mindanao list for projects in the area. –BEN ARNOLD O. DE VERA REPORTER, Manila Times
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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