News Snapshot:
The Philippine government is bent on proceeding with stalled railway projects President Ferdinand Marcos Jr. has directed the Department of Transportation to go back to the negotiating table to secure the loan agreements Transportation Undersecretary Cesar Chavez earlier said deal with China considered “cancelled” after negotiations stall on Chinese bank’s insistence on 3% interest for ODA loan A Chinese embassy statement said the talks are still ongoing The Philippine government is bent on pursuing the Calamba-Bicol, Clark-Subic, and Mindanao railway projects after the three projects remained unfunded by China since the signing of their contract in 2020. President Ferdinand Marcos...
