Philippines
The Philippines a rank 13th out of 42 countries in the Asia–Pacific region, and its overall score is above the world and regional averages in 2015. Spending on roads, airports and seaports will reach about 5% of the $294 billion economy next year. One dedicated highway will link Manila’s airports to Entertainment City, a $4 billion bayside casino complex, in minutes. Otherwise it’s accessible only after an hour on ordinary city streets clogged by motorists so angry about traffic that some intentionally drive the wrong way. New roads are good for tourism. By year’s end the country expects upgrades to power plants, energizing parts of the country where business suffers from brownouts (and high rates). Metro Pacific Investments Corp. is lengthening a 22-kilometer light rail by another 11 to ease unbreakable traffic gridlock in Manila. At sea, local port operator International Container Terminal Services Inc. said last year it would spend 3 billion pesos to expand at the otherwise cramped port in Manila.
PRG has always has a presence in Philippines. It has clients/associates and from many regions of Philippines.They include Luzon city, Alabang, Clark and Cebu. Presently PRG is seeking to fund 2 projects-one in Luzon city a shopping Mall and the other a luxury resort in the Taal volcano perimeter. Both are in advanced stage of negotiations and call for alternative means of funding. PRG has also very good ties with major Philippine banks such as BDO, Security Bank, AUB etc. PRG is also keen to get on with its quest to promote Philippine workers to come and work overseas. These include hospitality, nursing and teaching segments.
