The loan is payable in 20 years. The Department of Finance says the bridge will boost trade and generate jobs in Mindanao.
Philippines secures P17.39-B loan from China for Samal Island-Davao City Connector project
In a statement, the DOF said that on Monday, June 13, the Philippines and China exchanged documents for a RMB2.34-billion or approximately P17.39 billion loan to finance the construction of a two-way, …
China to finance bridge project in southern Philippines
The Philippines and China exchanged the agreements on Monday to finance a bridge connecting Davao City and Samal Island in the southern Philippines. China’s Ambassador to the Philippines Huang Xilian …
Philippine foreign investment net inflows fall to 10-month low in March
Foreign direct investments (FDI) into the Philippines declined to a 10-month low in March due to investor concerns on the global economic recovery outlook, the Bangko Sentral ng Pilipinas (BSP) …
Philippine foreign investment net inflows fall to 10-month low in March
Foreign direct investments (FDI) into the Philippines declined to a 10-month low in March due to investor concerns on the global economic recovery outlook, the Bangko Sentral ng Pilipinas (BSP) …
The mess of doing business in the Philippines
The Office of the Ombudsman has seen fit to place the leadership of the Anti-Red Tape Authority under preventive suspension related to the complaint filed by DITO, a newcomer in telecoms, allegedly …
Philippines foreign debt-to-GDP ratio still lowest in ASEAN
The Philippines still has the lowest ratio of foreign debt against domestic output despite posting the third largest expansion in the external debt ratio among five Southeast Asian nations.
Philippines foreign debt-to-GDP ratio still lowest in ASEAN
The Philippines still has the lowest ratio of foreign debt against domestic output despite posting the third largest expansion in the external debt ratio among five Southeast Asian nations.
Philippines: Tunnel drilling for first subway set to start, with Japanese machine and cash
The Philippines unveiled Sunday a tunnel drilling machine to start the underground construction of the country’s first-ever subway being undertaken with Japanese financial support to ease road …
Business as usual at Okada Manila
MANILA, Philippines — Integrated resort complex Okada Manila is carrying on its usual operations in Parañaque despite the enforcement of a status quo order issued by the Supreme Court last April 27, …