There are two ways to look at President Aquino’s report from his recent trip to Europe where he said he had come home with some US$2.3 billion in investment commitments in the bag.

First is to say that the $2.3 billion figure is merely a little over 10 percent of the US$20 billion-worth of potential Public-Private Partnership (PPP) projects he was supposed to sell to the European business community.

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