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Government Information Service of Dominica

A senior official, Li Huanting, who worked under the Chinese financial watchdogs provincial bureau is facing a probe for serious law violations, a local media report said.

In order to placate the Henan bank protestors, the provincial financial supervision bureau has published a notice that they will repay the victims of the recent

After three major railway projects were stalled amid Chinese funding issues, a lawmaker said over the weekend that the renegotiation of the loans should address interest rates and payment terms.

DOTr to revive negotiations with China for railway project funding

President Ferdinand “Bongbong” Marcos Jr. ordered the Department of Transportation (DOTr) to renegotiate the loan agreements for three railway projects to gain more investments in the rail transport sector, an official of the DOTr bared on Saturday.

The Department of Finance (DOF) would not throw in the towel yet on hope that Beijing could still fund the three big-ticket railway projects that were initiated by the Duterte administration. Amid reports that the Chinese loan applications for the Bicol, Subic-Clark, and Mindanao railway proj

The Chinese government did not act on the Duterte administration’s request for loan financing for three major railway projects, therefore it is considered withdrawn and has to be renegotiated by the current government, a top official of the Department of Transportation (DOTr) said Friday.

A Philippine National Railways train (Photo courtesy of DOTr) MANILA - The loan agreements for three railway projects are now considered "withdrawn" after the Chinese government failed to act on the funding requests by the Duterte administration, an official of the Department of Transportation (DOTr) said Friday. DOTr Undersecretary for Railways Cesar Chavez said negotiations for the three projects began in 2018 and have been approved by the National Economic and Development Authority ...

The construction of bridge deck ancillary works from the No.4 casting yard to Tegal Luar Station of the Jakarta-Bandung High-Speed Railway (HSR) has been completed, creating favorable conditions for the next-stage track-laying work.