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Title:
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Philippines has no say in loan deals with China – Panelo
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Author:
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Pia Ranada
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Source:
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Rappler
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Date:
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March 25, 2019
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Description:
- The Philippine government is powerless when it comes to determining the terms of loan agreements it enters into with China, said Malacañang on Monday, March 25. Amid growing alarm over the Duterte administration's loan deal with China for the Chico River Pump Irrigation Project, Presidential Spokesperson Salvador Panelo said China, as lender, dictates the terms of such deals. The Philippines, meanwhile, has no choice but to abide by China's terms.
