Will Filipino PPP’s make Duterte Harry’s day?

PPP Center, Philppines - All Rights Reserved

Quick infra-related update, I keep an eye on the web for news of updates following Filipino President-Elect Rodrigo Duterte’s statements on the broad outlines of the likely economic policies of his administration, specifically those impacting the ongoing infra/PPP programme kick-started by out-going President Benigno Aquino.

Two statements are seemingly filtering through:

  1. Accelerate infrastructure spending by addressing, among others, major bottlenecks in the public-private partnership (PPP) programme. Maintain the target of setting Third Party copyright unknown but acknowledgedaside 5% of the country’s gross domestic product to infrastructure spending.
  1. Ensure attractiveness of the Philippines to foreign direct investments by addressing restrictive economic provisions in the Constitution and our laws, and enhancing competitiveness of the economy.

Duterte will likely get a higher number of such projects out the door by streamlining tender processes and allowing the deals to include more attractive financial incentives for bidders.  We await for the progress of these plans which is due to come on 01 July 2016.

As we know, at present, around 12 PPPs have been awarded (3 completed) with a further 15 PPP projects currently under procurement. Around 10 more are getting approval soon. For more details of the PPP pipeline in the Philippines, please click here.

The governing board of the PPP Center (the Government agency handling the PPP programme) is co-terminus with the outgoing Aquino Administration. There are no news of those who are likely to succeed the incumbent board.

What we do know is the Executive Director (de facto CEO and supposedly not linked to the politically appointed governing board) changed in February this year with Cosette Canilao (I met her a few times when involved in the LRT1&2 procurement) resigning for “personal reasons”. Her replacement is lawyer, Under-Secretary Andre Palacios. See local ABS-CBN news article for interest (with handy summary of the 12 awarded projects) – click here.

I have also come across this InfraPPPWorld article which has a more “helicopter” summary of the PPP markets globally (of which, in Asia, the Philippines is still seen as a “beacon”) – click here.

I hope this is of some interest.

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Bye for now…

NUFC crests - trademarks of Newcastle United FC

For me, it’s not the going down – that was coming ever since Schteve’s appointment – it’s the fact that with Rafa next season I thought / hoped we could really tidy ourselves up and sweep the broom (including, our Chief Scout); bag the skySPORTS™ swag; and have a shot at something special. It’s futile constantly blaming Ashley – he backed his football Board with cash and left it to them to weave their “magic”. The real depression comes from the fact Rafa will most probably leave and we have blown the best opportunity for another generation to witness NUFC in full, majestic flight. Good luck Sunderland next year, you deserved it; and also to ‘Boro – fly your respective flags for the NorthEast. Still love the Toon ⚫️⚪️🔵⚫️⚪️

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Bangkok – what a city!

Bangkok visit - May 2016 - copyright cdfwatson 2016 image image image image image

First visit to Bangkok this week on a city break / work combo visit.

Fabulous. Lovely people, food and sights. Will be back!

(Recommend the: Anantara Riverside Bangkok Hotel too!)

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Easter Rising 1916-2016

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Irishmen and Irishwomen : In the name of God and of the dead generations from which she receives her old tradition of nationhood, Ireland through us, summons her children to her flag and strikes for her freedom … We place the cause of the Irish Republic under the protection of the Most High God, Whose blessing we invoke upon our arms, and we pray that no one who serves that cause will dishonour it by cowardice, inhumanity, or rapine. In this supreme hour the Irish nation must, by its valour and discipline and by the readiness of its children to sacrifice themselves for the common good, prove itself worthy of the august destiny to which it is called.

Proclaimed at 12.04pm, 24 April 2016 by Pádraig Pearse on the steps of the GPO, Dublin.

The Easter Rising was the spark that lit the fuse towards Irish republicanism. Whilst the rising was suppressed by British troops after 5 days of bitter street fighting, with nearly 500 people killed and 2,500 wounded, it was the start of an irreversible movement for change.

The Irish leaders of the rising were eventually rounded up and all executed after courts-marshal by firing squad.

Today, in the Republic, the events of the rising are commemorated for their profound historical significance (not just for Ireland but echoed across Europe) not so much for the politics. In the north, the divide remains in a society that, whilst healing, is still divided. For the northern Nationalist community, the political frustration of still being without a united island of Ireland under one flag pervades. For the northern Unionist community, the rising entrenches the strength of feeling to the Crown.

Personally, whilst British, I believe that no people should be governed by a regime that is not for the people – colonialism is a historical relic in Ireland (and globally) with wrongs committed on both sides of the divide but hopefully, as time passes, the ties of friendship and of mutual respect between the two nations can build further.

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Gong Hey Fat Choi!

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Merry Christmas from the Orient!

HK Christmas Tree 2015

Wishing you and yours a great Christmas with family and friends. Hoping you have a vintage 2016 when it arrives too!

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Bengaluru visit – beautiful!

IMG_2425 IMG_2424 IMG_2423 IMG_2418 IMG_2418 (Edited)

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