SC justice cautions govt on China loan for Chico Damhome/News/Top Stories/SC justice cautions govt on China loan for Chico DamA Supreme Court (SC) justice has expressed alarm over the Chico River irrigation loan agreement between the Philippines and China that is supposedly advantageous to Beijing. Carpio had slammed China over the West Philippine Sea issue, earning the ire of President Rodrigo Duterte. The Manila Times columnist Rigoberto Tiglao had belittled the Supreme Court justice, saying Carpio was not an international lawyer. “In case of default by the Philippines in the repayment of the loan, China can seize, to satisfy any arbitral award in favor of China, patrimonial assets and assets dedicated to commercial use of the Philippine government,” Carpio pointed out. Carpio said “patrimonial assets and assets dedicated to commercial use” include the oil and gas within the Philippine exclusive economic zone (EEZ) and that includes the West Philippine Sea.

Source: Manila Times March 24, 2019 16:18 UTC