Time ticks for Noy
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The German government issued a loaded statement the other day when it said a fair and swift resolution of the airport terminal project is encouraged for foreign investors to even consider projects under Noynoy’s private-public partnership (PPP) scheme.
The statement mentioned “the international business community” instead of investors in Germany to indicate that a likely consensus was arrived at on the terminal issue. The German Embassy, while saying no comment on the recent court ruling awarding what the investors in the terminal project had considered a token amount, the timing of the communique was hard to miss.
The statement reads that a fair and swift solution would be an encouraging signal for the international business community to engage in long-term investments such as the PPP..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/commentary/20110529com1.html
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