Connect with us

News

Japan OKs P1.8-B addt’l assistance to PH

Published

on

FILE: Philippine Ambassador to Japan H.E. Jose C. Laurel V (right) received incoming Japanese Ambassador to the Philippines H.E. Koji Haneda (left) at the Philippine Embassy Chancery in Roppongi on September 6. (Photo by Philippine Embassy Tokyo, Japan)

MANILA — The Japanese and Philippine governments on Thursday signed exchanges of notes worth JPY3.56 billion (about PHP1.8 billion) composed of two grants for additional support in Mindanao and one grant for the provision of train simulators in the country.

The signing ceremony was led by Ambassador Koji Haneda and Ambassador Jose Laurel V during the 7th Japan-Philippines High Level Joint Committee on Infrastructure Development and Economic Cooperation in Osaka.

Of the JPY3.56 billion-worth of grants, at least JPY2.36 billion (PHP1.18billion) will be allocated for the improvement of socioeconomic infrastructures and water supply in the Bangsamoro region.

The remaining is earmarked for the procurement of the Philippine Railway Institute’s railway simulator equipment.

On top of its commitment to develop high quality railway systems in Mega Manila, Tokyo supports the establishment of a railway training school in the country through yen loan and technical assistance.

The signing ceremony was witnessed by Dr. Hiroto Izumi, Special Adviser to the Prime Minister, and Finance Secretary Carlos Dominguez III.

Also present were Public Works Secretary Mark Villar, Transportation Secretary Arthur Tugade, Budget Secretary Benjamin Diokno, Energy Secretary Alfonso Cusi, Socioeconomic Planning Secretary Ernesto Pernia, Housing Secretary Eduardo del Rosario, and Bases Conversion and Development Authority president Vivencio Dizon.

Japan recently signed an Exchange of Notes to provide JPY22 billion (about PHP 11 billion) of loan to support the development of the road network in Mindanao.

According to the Japanese embassy in Manila, an Exchange of Notes worth JPY500 million (PHP250 million) for agricultural training and further development of water supply in the Bangsamoro area will also be signed “soon”.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Lifestyle5 days ago

How To Do Christmas & Hanukkah This Year

Christmas 2024 is literally just around the corner! Here in Vancouver, we just finished celebrating Taylor Swift’s last leg of...

Lifestyle1 month ago

Nobody Wants This…IRL (In Real Life)

Just like everyone else who’s binged on Netflix series, “Nobody Wants This” — a romcom about a newly single rabbi...

Lifestyle1 month ago

Family Estrangement: Why It’s Okay

Family estrangement is the absence of a previously long-standing relationship between family members via emotional or physical distancing to the...

Lifestyle3 months ago

Becoming Your Best Version

By Matter Laurel-Zalko As a woman, I’m constantly evolving. I’m constantly changing towards my better version each year. Actually, I’m...

Lifestyle3 months ago

The True Power of Manifestation

I truly believe in the power of our imagination and that what we believe in our lives is an actual...

Maria in Vancouver4 months ago

DECORATE YOUR HOME 101

By Matte Laurel-Zalko Our home interiors are an insight into our brains and our hearts. It is our own collaboration...

Maria in Vancouver4 months ago

Guide to Planning a Wedding in 2 Months

By Matte Laurel-Zalko Are you recently engaged and find yourself in a bit of a pickle because you and your...

Maria in Vancouver5 months ago

Staying Cool and Stylish this Summer

By Matte Laurel-Zalko I couldn’t agree more when the great late Ella Fitzgerald sang “Summertime and the livin’ is easy.”...

Maria in Vancouver6 months ago

Ageing Gratefully and Joyfully

My 56th trip around the sun is just around the corner! Whew. Wow. Admittedly, I used to be afraid of...

Maria in Vancouver6 months ago

My Love Affair With Pearls

On March 18, 2023, my article, The Power of Pearls was published. In that article, I wrote about the history...