MANILA, Philippines — Malacañang has welcomed the warning of Malaysian Prime Minister Mahathir Mohamad to be careful with loans from China. Related Stories China loan process different from other countries"Of course, we will take his advice and the economic managers are evaluating all kinds of loans that we are having with the Chinese government," Panelo said in a televised press briefing. Panelo reiterated the position of the country's economic managers that the Philippines is "very careful" in accepting loan offers from China. As of last week, the Philippines has executed nine loan agreements with other countries, including two from China, according to the Department of Finance. “This (debt trap diplomacy) is something that of course China has been accused of, but it is also the country’s concern which can regulate or limit all these influences from China,” Mahathir said.

Source: Philippine Star March 11, 2019 06:57 UTC