People’s Republic of China Ambassador to the Republic of the Philippines Huang Xilian paid a courtesy visit to Finance Secretary Carlos Dominguez on Thursday (December 12) to discuss and reiterate China’s commitment to further enhance its bilateral relations with the Philippines.
Read MoreNewly appointed Chinese Ambassador to Manila Huang Xilian has committed to institutionalize the conduct of regular meetings between the Philippines and China to thresh out issues involving the Duterte administration’s big-ticket infrastructure and development projects that are being implemented with funding support from China.
Read MoreThe country’s consolidated General Government (GG) debt stood at P6.8 trillion in the second quarter of 2019, an increase of 0.7 percent from the first quarter level of P6.7 trillion and 13.4 percent increase from the same period last year. Of the total, 62.9 percent or P4.3 trillion are domestic borrowings and 37.1 percent or P2.5 trillion are external.
Read MoreFinance Secretary Carlos Dominguez III has expressed the hope that the new Bangsamoro autonomous region will “light up the pathway for rapid development” for the people of Mindanao, especially those from communities once torn by conflict.
Read MoreFinance Secretary Carlos Dominguez III said the first meeting of an intergovernmental body tasked to build on points of cooperation between the national and Bangsamoro governments is a “major step forward” in realizing a substantial and functional autonomy for a new autonomous Muslim region, in step with President Duterte’s commitment to achieve just and lasting peace in Mindanao.
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