Monday 10 December 2018
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inquirer - 2 month ago

DOF: Chinese loans not tied to joint oil exploration in disputed waters

Big-ticket infrastructure and development projects will be rolled out by the Philippines in cooperation with China---with three loan accords due for signing before year-end---despite a territorial dispute between the two over sections of the West Philippine Sea. In a press statement, the Department of Finance (DOF) stressed neither the maritime dispute nor the proposal of exploring the contested waters jointly for oil deposits came up during the regular meetings on the negotiations and processing of new

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