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Title:
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Bank of China pledges 6-billion RMB to Philippines
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Author:
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Rea Cu
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Source:
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Business Mirror
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Date:
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November 22, 2018
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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).
