According to reports hesitancy lingers around the Philippine government’s PPP program due to uncertainties in the country’s business and regulatory environment.
Takashi Ishigami, president of the Japanese Chamber of Commerce and Industry of the Philippines Inc, said the concern of Japanese firms regarding PPP projects stemmed from developments in the water concession agreements of Manila Water Co and Maynilad Water Services, in which two Japanese firms –Mitsubishi and Marubeni – are respectively involved.
Ishigami said that Japanese firms are currently on a "wait-and-see" stance as they await the Philippine government’s next move. Other Japanese firms, meanwhile, are said to be heading over to Indonesia, Vietnam and Myanmar to invest and set up their respective PPP offices and facilities.