Philippines, ASEAN states warned vs investment deals with China - News Summed Up

Philippines, ASEAN states warned vs investment deals with China


“I think the countries of ASEAN, each of them, whether small or large, have lots of resilience. Headlines ( Article MRec ), pagematch: 1, sectionmatch: 1Mattala International Airport is now considered the world’s emptiest airport, Puri said, but its operation and maintenance continue to eat up a significant portion of government revenues. Under the agreement, the Chinese firms will own majority shares in the two projects and will take over their operations. If you have a small economy and about 70 percent goes into debt, you cannot run that country efficiently,” Puri said. A majority of the secured investments were for infrastructure such as ports, provincial railways, power plants and roads and bridges.


Source: Philippine Star July 12, 2017 16:24 UTC



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