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(Eagle News) — The Department of Finance on Wednesday, April 17, defended the loan deals entered into by the Philippines with China, including the Chico irrigation loan deal. In a statement, Finance Undersecretary Bayani Agabin said for one that the waiver-of-sovereign immunity clause in the Chico irrigation loan deal, which some have said would lead to a Chinese takeover of the Philippines’ patrimonial properties, was present in other loan accords entered into by the Philippines […]
(Eagle News)–The Supreme Court has given the government ten days to comment on the petition seeking a stop to the $3.6-million Chico irrigation loan deal with China. But the SC did not grant the Makabayan bloc’s petition for a temporary restraining order on the deal pending the resolution of the main case. The bloc led by Neri Colmenares had argued the loan deal was “onerous” and highly favored China. “It is a disaster for the Philippines,” […]
