Title:

 Bank of China pledges 6-billion RMB to Philippines

Author:

Rea Cu

Source:

Business Mirror

Date:

November 22, 2018

Description:

THE Department of Finance (DOF) has signed a memorandum of understanding (MOU) with the Bank of China that aims to enhance Philippine-Chinese economic relations and bring more renminbi-denominated funding to the Philippines, initially said to reach 6 billion RMB (about P45.465 billion if computed based on today’s exchange rate).