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Program Schedule

TIME

ACTIVITY

10:00 AM – 11:00 AM 

(1 hour)

Registration and Arrival of Participants

DISCUSSANT

11:00 AM – 11:15 AM 

(15 minutes)

Welcome Remarks

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Undersecretary Heherson M. Asiddao

DICT

Opening Activities

  • House rules

  • Overview of activities

  • Levelling of expectations

Overview of the Training Seminar

  • Structure of the Training

  • Previous PPP trainings

  • Discussions of Impressions; Setting Expectations and Objectives

  • NEDA and PPP Center Project Evaluation Requirements and Role of this Training

11:15 AM – 12:30 noon 

(1 hour and 15 minutes)

Economic Foundations of PPPs

  • Economic Foundations of PPPs

  • Economics as the Foundation of for Project Development and PPP

  • Scarcity, Decisions, and Choices

  • Definition of Economics - Elements of Choices and Decisions

  • The Concept of Opportunity Cost

    • Marginalism – Only the Changes Count

    • The Law of Comparative Advantage – Do the Things You are Best at, with the Least Opportunity Cost

    • Efficient Markets – There is no Such Thing as Free Lunch

  • Economic Profit vs Accounting Profit

  • Introduction to Economic vs Financial Analysis

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Ronilo M. Balbieran

Program Manager, Finance, and PPP Specialist

REID Foundation

12:30 PM – 2:00 PM 

(1 hour and 30 minutes)

Lunch Break

2:00 AM – 2:30 PM 

(30 minutes)

Interactive Session

  • Broad applications of the Concepts of Economic and Accounting Profit in Government Projects (possibly DICT Projects)

  • Discussion of some PPP projects in the past

  • Which DICT Projects can qualify as PPP?

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Ronilo M. Balbieran

Program Manager, Finance, and PPP Specialist

REID Foundation

2:30 AM – 3:30 PM 

(1 hour)

Theory of Price

  • Value vs. Cost vs. Price

  • Basic Concept of Supply and Demand

  • Efficiencies vs. Deadweight Loss

  • Externalities and Public Goods

  • Concept of Shadow Prices

  • Free Market vs. The Role of Government

    • When is government important? When is it not?

    • Identifying the Optimal Role of PPPs in the role of government

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Ronilo M. Balbieran

Program Manager, Finance, and PPP Specialist

REID Foundation

3:30 PM – 3:45 PM 

(15 minutes)

Health Break

3:45 PM – 4:45 PM 

(1 hour)

Intertemporal Choice and the Economics of Investment

  • Understanding the Time Value of Money

  • Interest Rate as the Price of Money Across Time

  • Risk-Return Trade-off: Risks and Interest Rates

  • Concepts of Nominal Returns vs. Net Present Value

  • Internal Rate of Return

  • “The Discount Rate” – Social Discount Rate and Weighted Average Cost of Capital (WACC)

  • Basic Principles of Valuation

    • Applied to Valuation of a Company or a Project

  • Examples Demonstrating the Critical Role of Valuation in PPP Projects

    • Why bids in PPP differ significantly

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Ronilo M. Balbieran

Program Manager, Finance, and PPP Specialist

REID Foundation

4:45 PM – 5:00 PM 

(15 minutes)

Open Forum

Closing Activities

  • Announcements and reminders for Day 2

Modern Architecture

"Welcome to Economic and Finance Foundations of Public-Private Partnership (PPP) & Project Concept Note Development Workshop!"

Organizers

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