jilibay CEMII, PH economic leaders launch infrastructure investment

The Coalition for Emerging Market Infrastructure Investment (CEMII) leaders meet with Philippine economic leaders to facilitate infrastructure investment in the Philippines. CEMII co-chairs Matt Harris, founding partner of Global Infrastructure Partners, a part of BlackRock, and KKR co-CEO Joe Bae led the meeting that was attended by Secretary Frederick Go, Special Assistant to the Philippine President for Investment and Economic Affairs, other key Philippine government representatives, and US Secretary of Commerce Gina Raimondo. Free stock photo from Unsplash

NEW YORK, United States / MANILA, Philippines — The Coalition for Emerging Market Infrastructure Investment (CEMII) leaders met with Philippine economic leaders to facilitate infrastructure investment in the Philippines.

CEMII co-chairs Matt Harris, founding partner of Global Infrastructure Partners, a part of BlackRock, and KKR co-CEO Joe Bae led the meeting that was attended by Secretary Frederick Go, Special Assistant to the Philippine President for Investment and Economic Affairs, other key Philippine government representatives, and US Secretary of Commerce Gina Raimondo.

They planned a dedicated two-year work program to explore innovative strategies to increase infrastructure investment and build a sustainable pipeline for upcoming projects.

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Eventually, they established an ambitious roadmap to facilitate support for infrastructure investment across the country.

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“We are delighted that the Coalition has chosen the Philippines as its initial focus country,” said Go.“This decision affirms President Marcos’ commitment to modernizing regulations to attract foreign investment.”

READ: Philippine nuclear power foreign investment advances

In its latest report, the BAI said the volume of imported meat inched up by 7.8 percent to 757.3 million kilograms in the first seven months of this year from 702.24 million kg in the same period a year ago.

Arthaland on Thursday said the capital infusion would be done via its subscription to 180,000 of the unissued preferred shares of Bhavya Properties Inc. for P100 each.

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“The Philippine government looks forward to working with private sector leaders to carry out our ambitious infrastructure development goals,” he added.

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Harris highlighted the meeting’s significance:

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“This week’s launch meeting with the Philippines government represented a momentous step in establishing an innovative and collaborative roadmap that will support our shared mission to drive infrastructure investment to the Philippines,” he said. 

READ: Global investors flock to PH energy sector

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“This roadmap will explore a variety of strategies including innovative financing mechanisms and both sector-wide and local partnership opportunities – all in support of the Philippines’ infrastructure priorities.”

CEMII supports Indo-Pacific emerging economies in achieving their economic development, human capital, and sustainability goals.

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