Impatience With Philippine Gridlocks Is Growing, Ayala CEO Says
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Philippine companies can fund President Rodrigo Duterte’s $170 billion infrastructure push while China’s pledges are taking time, Ayala Corp. executive Jose Rene Almendras said.
“The private sector has enough resources. There’s enough liquidity in the Philippine market to fund these,” Almendras, president and CEO of Ayala’s AC Infrastructure Holdings Corp., told Bloomberg Television’s Rishaad Salamat and Haidi Lun in an interview. “The government then has to make a choice -- do you want lower cost funding from China that will take a bit longer or to fast track and let the private sector in?”