Finance Secretary Carlos Dominguez III and Commerce Minister Zhong Shan of the People’s Republic of China seal with a handshake their commitment to continue discussions to swiftly address concerns regarding the preparation and implementation of the flagship projects that the country is undertaking with Chinese funding support during the fifth Philippines-China high-level meeting on infrastructure and economic development cooperation held on Tuesday (March 19,2019) at the Diaoyutai State Guesthouse. Other members of the Philippine delegation present in the meeting were Executive Secretary Salvador Medialdea, Transportation Secretary Arthur Tugade, Public Works and Highways Secretary Mark Villar, Interior and Local Government Secretary Eduardo Ano, Budget OIC-Secretary Janet Abuel, Socioeconomic and Planning OIC-Undersecretary Jonathan Uy; and Vivencio Dizon, president-CEO of the Bases Conversion and Development Authority (BCDA).
Read MorePhilippine officials led by Foreign Affairs Secretary Teodoro Locsin Jr pay a courtesy visit to People’s Republic of China Vice President Wang Qishan on Tuesday (March 19, 2019) at the Zhongnanhai (Central Government Compound) in Beijing, China. The Philippine delegation also included Executive Secretary Salvador Medialdea, Finance Secretary Carlos Dominguez III, Transportation Secretary Arthur Tugade, Public Works and Highways Secretary Mark Villar, Interior and Local Government Secretary Eduardo Año, Budget OIC-Secretary Janet Abuel, Socioeconomic and Planning OIC-Undersecretary Jonathan Uy; and Vivencio Dizon, president-CEO of the Bases Conversion and Development Authority (BCDA). The two parties discussed the overall development cooperation between the Government of the Philippines and the Government of the People’s Republic of China.
Read MoreA series of meetings between Philippine and Chinese Officials are scheduled this week in Beijing to continue coordination with the Chinese government regarding the Duterte administration’s infrastructure flagship projects under the “Build, Build, Build” program, the Department of Finance (DOF) said.
Read MoreFinance Secretary Carlos Dominguez III said the government is losing the opportunity to provide funds amounting to around P500 a million a day for better education and healthcare as well as infrastructure and job creation with every week that the government is forced to operate on a reenacted budget.
Read MoreFinance Secretary Carlos Dominguez III has debunked misleading claims that high interest rates were attached to loans extended by China to the Philippine government to help fund projects under the “Build, Build, Build” program of the Duterte administration.
Read More