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  1. Join Date
    Sep 2003
    Posts
    22,406
    #1
    Translation: If the investor cannot collect due to a court injunction, the goverment will use the taxpayer's money (YOUR MONEY) to make up the difference.

    Similar policy of the last administration subsidizing (using taxpayer's money) the MRT. Are you happy that the goverment pays for someone's use of the MRT instead of upgrading our country's infrastructure?


    http://newsinfo.inquirer.net/inquire...nfra-investors

    Aquino to protect big infra investors

    Solicited projects get regulatory risk surety

    By Daxim Lucas, Norman Bordadora, Paolo Montecillo
    Philippine Daily Inquirer
    First Posted 00:30:00 11/19/2010

    MANILA, Philippines—President Benigno Aquino III Thursday said that his administration would compensate investors prevented by the courts or Congress from collecting contractually agreed toll or user fees.

    “If for some reason, a court decision threatens the adjustment, the government will compensate the private concessionaire for the difference between what the tariff should have been under the formula and the tariff which it is actually able to collect,” the President said at the opening of the public-private partnership conference in Pasay City.

    Mr. Aquino said the government would provide investors with protection against so-called “regulatory risk” or the risk of being unable to recoup one’s investments due to changes in the local regulatory environment—a common complaint among foreign businesses operating in the Philippines.

    “Infrastructure can only be paid for from user fees or taxes,” he said.

    "When government commits to allow investors to earn their return from user fees, it is important that that commitment be reliable and enforceable. And if private investors are impeded from collecting contractually agreed fees—by regulators, courts, or the legislature—then our government will use its own resources to ensure that they are kept whole.”

    SLEx example

    Mr. Aquino gave the example of a private firm that agreed with the government on a specific formula for toll increases for the public’s use of a road it rehabilitated.

    Malaysian-backed South Luzon Tollways Corp. (SLTC), which holds the 30-year concession for the South Luzon Expressway (SLEx), was earlier stopped by the Supreme Court from implementing a new toll rate.

    The new rate, which is 250-percent higher than the existing toll, is meant to help the company recover the minimum of P12 billion it spent to rehabilitate and modernize the road.

    The additional funds will also allow the company to maintain world-class services at SLEx.

    The delay caused by the restraining order, which has since then been lifted, has cost SLTC up to P1 billion in foregone revenues.

  2. Join Date
    Nov 2005
    Posts
    36,350
    #2
    good for investors

    bad for taxpayers

    it's kinda like a bailout for investors

  3. Join Date
    Dec 2005
    Posts
    38,766
    #3


    .... To attract more investors in the country....

    Need to increase the tax base, not the tax.....

    40.16%+ is already too much for us....

    11.3K:snow:

  4. Join Date
    Nov 2005
    Posts
    36,350
    #4
    the Phils. has a habit of screwing foreign investors

    magaling mag invite pero pag nandito na pinapahirapan

  5. Join Date
    Sep 2003
    Posts
    22,406
    #5
    PNoy should try first fixing the problems of SLEX before trying to invite more investors. The problem is already on his table yet his people are sitting on it.

  6. Join Date
    Feb 2008
    Posts
    14,181
    #6
    Quote Originally Posted by uls View Post
    the Phils. has a habit of screwing foreign investors

    magaling mag invite pero pag nandito na pinapahirapan
    Yep history repeats itself... Foreign investors you will get screwed! Once those poor left wingers pressure the government and use their inept brains as an excuse for not being to get ahead in society, todas na kayo!

    The Malaysian SLEX investors got screwed, you will too!

  7. Join Date
    Nov 2005
    Posts
    36,350
    #7
    Quote Originally Posted by tidus1203 View Post
    Yep history repeats itself... Foreign investors you will get screwed! Once those poor left wingers pressure the government and use their inept brains as an excuse for not being to get ahead in society, todas na kayo!

    The Malaysian SLEX investors got screwed, you will too!
    nahihirapan umangat ang Pinas (vs. our Asian neighbors) coz the masses are holding back progress

    the govt is easily pressured by popular demands and protests

    when the govt gives in to the demands of the masses, somebody else suffers

    in this case (and topic), it's the foreign investor

    if you allow foreign investors to make money, they'll keep coming back with more capital. then they'll make even more money and pump in even more capital and so on

    it's common sense... it's good for the economy

    but noooooo.... the masses don't see it that way

    the masses always see things differently

    to them, foreign investors are oppressors and should be punished

    and you have a populist govt who sides with the masses and punishes foreign investors

    very good

  8. Join Date
    Oct 2006
    Posts
    5,994
    #8

    hmmm... no wonder things haven't changed
    Damn, son! Where'd you find this?

  9. Join Date
    Jan 2011
    Posts
    1,626

  10. Join Date
    Jan 2011
    Posts
    1,626
    #10
    The DepEd on Thursday announced the winning bids for 3 packages under the Public Private Partnership for School Infrastructure Project (PSIP), which is a build-lease transfer contract for the design, construction and maintenance of 9,301 classrooms (with toilets and furniture) in Regions I, III and IV-A for 10 years.

    Fernando's BF Corp.-Riverbanks Development Corp. submitted the lowest bid to construct 2,157 classrooms in Region 1. The government will pay annual lease of P344.59 million or a total of P3.4 billion for 10 years.

    Megawide-Citicore Investment Holdings, Inc. won the right to construct 2,885 classrooms in Region III and 4,259 classrooms in Region IV-A. The government will make annual lease payments of P522.98 million for Region III classrooms and P760.49 million for Region IV-A classrooms.

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