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Philippines' 2021 growth to rebound less than expected | Borneo Bulletin Online

Philippines' 2021 growth to rebound less than expected | Borneo Bulletin Online
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Thomas Helbling , International Monetary Fund , Manila Thomas Helbling , Southeast Asian , Binondo Intramuros Bridge , சர்வதேச பண நிதி , தென்கிழக்கு ஆசிய , பினோண்டோ இந்திரமுரோஸ் பாலம் ,

Unfulfilled promises - BusinessWorld


BusinessWorld
MASTER1305-FREEPIK
Months into his presidency in 2016, President Rodrigo Duterte announced a foreign policy pivot to Beijing, as he shored up to $24 billion (P1.2 trillion) in funding pledges from China.
The initial list consisted of 26 big-ticket projects and was supposedly a display of greater confidence in the bilateral relations between Manila and Beijing.
This included: 1.) the Subic-Clark railway project by the Bases Conversion and Development Authority (BCDA) and China Harbour Engineering Co., 2.) the Bonifacio Global City-Ninoy Aquino International Airport Segment of the Metro Manila Bus Rapid Transit-EDSA project by the BCDA and China Road and Bridge Corp., 3.) Safe and smart city projects for the BCDA by the BCDA and Huawei Technologies, and, 4.) Transportation and logistics infrastructure at Sangley Point by Cavitex Holdings, International Container Terminal Services, Inc., and China Harbour Engineering, among others, most ....

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