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The Duterte administration has lined up three options to finance the massive P8 trillion to P9 trillion in financing needed for the most ambitious infrastructure program in recent Philippine history, dubbed “Build, Build, Build”. 

Russian businessmen got a glimpse of “Dutertenomics” and business opportunities in the Philippines in a business forum held during the recent state visit of President Duterte to Moscow. 

A comprehensive audit of public debt and related policies is needed and not an impulsive and selective rejection of development aid, such as those from the European Union (EU), which has been a tough critic of the conduct of Mr. Duterte’s war on drugs, debt watchdog Freedom from Debt Coalition (FDC) said. 

The Philippines and Russia sealed a total of 10 bilateral agreements after President Duterte’s recent official visit to Moscow. 

Senior officials from the East Asian region and adjoining countries are considering several documents, including those related to anti-money laundering and countering financing terrorism, which will be issued in November for the Philippines during the East Asia Summit (EAS). 

By Riza Lozada  Global logistics firm Royal Cargo Inc. recently broke ground for the construction of its P1.2-billion solar-powered Cargo City North Hub on Plaridel Bypass Road, Bulacan province, as part of its capacity expansion in the Philippines. 

A “strong Philippine economic growth” is expected in the coming years as a result of the country’s joining the $1-trillion Belt & Road Initiative (BRI) infrastructure plan, seven independent analysts said during the May 25 Pandesal Forum. 

Xiamen, a bustling coastal city of Fujian province where many Chinese-Filipinos in the Philippines have traced their origin, vowed to grab an unprecedented opportunity from its hosting of the 9th BRICS Summit to enhance its economic and tourism development. 

Businessmen in the southern part of the United States hailed the China-proposed Belt and Road Initiative, saying it will usher in a win-win cooperation. 

A senior UN official said that China has made great strides in poverty reduction and could be a “role model” for other nations in this aspect.