{"id":206232,"date":"2019-03-11T21:49:50","date_gmt":"2019-03-12T01:49:50","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=206232"},"modified":"2019-03-11T21:49:50","modified_gmt":"2019-03-12T01:49:50","slug":"palace-will-take-mahathirs-advice-on-chinese-loans","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2019\/03\/11\/palace-will-take-mahathirs-advice-on-chinese-loans\/","title":{"rendered":"Palace will take Mahathir\u2019s advice on Chinese loans"},"content":{"rendered":"<figure id=\"attachment_206233\" aria-describedby=\"caption-attachment-206233\" style=\"width: 1350px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/03\/KNG1-2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-206233\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/03\/KNG1-2.jpg\" alt=\"\" width=\"1350\" height=\"900\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/03\/KNG1-2.jpg 1350w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/03\/KNG1-2-300x200.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/03\/KNG1-2-768x512.jpg 768w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/03\/KNG1-2-1024x683.jpg 1024w\" sizes=\"auto, (max-width: 1350px) 100vw, 1350px\" \/><\/a><figcaption id=\"caption-attachment-206233\" class=\"wp-caption-text\">FILE: PARTNERS FOR PROGRESS, BROTHERS FOR PEACE. President Rodrigo Roa Duterte shares a light moment with Malaysian Prime Minister Mahathir Mohamad in a meeting at the Malaca\u00f1an Palace on March 7, 2019. KING RODRIGUEZ\/PRESIDENTIAL PHOTO<\/figcaption><\/figure>\n<p><strong>MANILA<\/strong>\u00a0&#8212; Malaca\u00f1ang on Monday welcomed the advice of Malaysian Prime Minister Mahathir Mohamad to be \u201cvery careful\u201d when relying on loans from China to finance the administration\u2019s infrastructure projects.<\/p>\n<p>\u201cOf course, we will take his advice,\u201d Presidential Spokesperson Salvador Panelo said in a Palace briefing, assuring that government is reviewing these loans.<\/p>\n<p>\u201cThe economic managers are evaluating all kinds of loans that we are having with the Chinese government,\u201d he added.<\/p>\n<p>Panelo, however, assured anew that the Philippines-China loan agreement for the Chico River pump irrigation project did not give the Philippines a short end.<\/p>\n<p>\u201cWith respect to the Chico Dam, I think the eco managers have already explained that we are not at the disadvantage,\u201d Panelo said.<\/p>\n<p>The Chico River pump irrigation project aims to provide a stable supply of water to around 8,700 hectares of agricultural land, benefit 4,350 farmers and their families, and serve 21 barangays in the provinces of Kalinga and Cagayan in Northern Luzon.<\/p>\n<p>Other projects for Chinese loan financing include the New Centennial Water Source-Kaliwa Dam Project, the Philippine National Railways\u2019 South Long Haul Project, and the Davao-Samal Bridge Construction Project.<\/p>\n<p>In a TV interview before meeting President Rodrigo R. Duterte in Malaca\u00f1an Palace on March 7, Mahathir warned against heavily relying on Chinese loans.<\/p>\n<p>\u201cIf you borrow huge sums of money from China and you cannot pay, you know when a person is a borrower, he is under the control of the lender, so we have to be very careful with that,\u201d Mahathir said in an interview over ANC.<\/p>\n<p>China has committed to support the Duterte administration\u2019s \u201cBuild, Build, Build\u201d infrastructure program through Official Development Assistance (ODA) loans and grants.<\/p>\n<p>China will also build for free the Binondo-Intramuros and Estrella-Pantaleon bridges along Pasig river.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0&#8212; Malaca\u00f1ang on Monday welcomed the advice of Malaysian Prime Minister Mahathir Mohamad to be \u201cvery careful\u201d when relying on &hellip;<\/p>\n","protected":false},"author":44,"featured_media":206233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1145,16,95],"tags":[],"class_list":["post-206232","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headline","category-news","category-news-ph","mauthors-azer-parrocha","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/206232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=206232"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/206232\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/206233"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=206232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=206232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=206232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}