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Unfulfilled promises - BusinessWorld - Vimarsana News

Unfulfilled promises - BusinessWorld

BusinessWorld MASTER1305-FREEPIK Months into his presidency in 2016, President Rodrigo Duterte announced a foreign policy pivot to Beijing, as he shored up to $24 billion (P1.2 trillion) in funding pledges from China. The initial list consisted of 26 big-ticket projects and was supposedly a display of greater confidence in the bilateral relations between Manila and Beijing. This included: 1.) the Subic-Clark railway project by the Bases Conversion and Development Authority (BCDA) and China Harbour Engineering Co., 2.) the Bonifacio Global City-Ninoy Aquino International Airpor...