Philam Life eyes taking part in infrastructure push


Posted at May 23 2017 09:20 PM

MANILA - Philam Life said it is ready to take part in the Duterte administration's ambitious P8 trillion infrastructure development plan, but still needs guidelines from the government so that it can find its "niche."

"We are looking at opportunities under this government to again once more participate (in infrastructure)," said Philam Life President Ariel Cantos. 

Philam Life has gone into energy this year, signing a P1 billion loan agreement with Ayala Corp's AC Energy. Before this, it was also involved in financing the Cavite Coastal Road and Skyway projects.

"If there are similar projects forthcoming, we have already made it public and we have already coordinated with our very supportive regulator to help us find ways and means by which we can participate," Cantos told ANC's The Boss. 

Cantos said the company has "excess" cash waiting to be deployed for infrastructure financing. But he said that they also want to make sure that the projects they take part in will be safe and will have the necessary yield for their investment. 

"Hopefully, with all the infrastructure projects that the government wants to put up, we should be able to find a niche," Cantos said.