Tag: Chinese firm

Panelo: Duterte may veto Senate move to block payment for Chinese CCTV project

(Eagle News) — President Rodrigo Duterte may veto the Senate’s move to block payment for the P20-billion Chinese closed-circuit television camera project. This is according to Presidential Spokesperson Salvador Panelo, when asked for his reaction to the Senate’s inclusion of two provisions in its version of the 2019 national budget that have this effect on the Safe Philippines Project. The first provision, under the Unprogrammed Fund section, specifies that no amount “shall be utilized for any […]

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US hits Chinese firm Sinovel with $1.5 mn fine for stealing technology

WASHINGTON, United States (AFP) — A US court on Friday imposed the maximum fine of $1.5 million of Chinese firm Sinovel for stealing trade secrets from an American company producing wind turbines, the Justice Department said. The decision comes on the day Washington unleashed 25 percent import tariffs on $34 billion in Chinese products to punish the country for what President Donald Trump has said is the rampant theft of American technology. After being charged […]

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Roque: PHL-Chinese state firm joint exploration of S. China Sea “likely to happen”

Presidential Spokesperson Harry Roque on Thursday said a Philippine-Chinese state firm joint exploration of the South China Sea  was “likely to happen.” “We might enter into an agreement with a Chinese-owned corporation, not the Chinese state itself,” Roque said in an interview aired over national television. Roque declined to name the company, but said it was state-owned. “They’re moving forward and it’s likely to happen,” he added without giving a timetable or the exact terms of […]

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