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
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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