BusinessWorld E-paper
July 18, 2022
THE MARCOS administration now faces the challenge of securing funding for the three major railway projects after the government canceled its applications for loans from China.
Analysts said China’s failure to act on the Philippines’ loan applications for the Calamba-Bicol, Clark-Subic, and Mindanao railway projects showed its lack of commitment
despite former President Rodrigo R. Duterte’s Beijing-friendly posture
