Entries tagged "Rodrigo Duterte"

  • View All Analysis | May 26, 2020, 10:21 a.m.

    Browse our analysis section for news and articles on topics such as China's Belt and Road Initiative (OBOR), the world's evolving digital infrastructure competition, and the stakes for U.S. policy.

  • Philippines Looks to Infrastructure for Growth | April 28, 2020, 9:56 a.m.

    Philippines president Rodrigo Duterte has doubled down on his "Build, Build, Build" infrastructure investment program in hopes of stabilizing growth following the economic turmoil created by the Covid-19 pandemic, Nikkei reports.

  • Philippines Foreign Investment Decreases | March 4, 2020, 9:53 a.m.

    Given the worsening global economy and recent foreign investment decreases in the Philippines, critics claim President Duterte's efforts to shut down domestic utilities and media companies on charges of corruption are economically unwise, Nikkei reports.

  • Chinese Projects Stall in Philippines | Feb. 11, 2020, 3:46 p.m.

    As Chinese investment projects in the Philippines face scrutiny due to their potential security and environmental impacts, President Duterte has warned courts against challenging Chinese-backed projects. Until mid-2019, no Chinese infrastructure projects in the Philippines had started construction, Nikkei reports.

  • Japan Top Investor in SE Asia | Dec. 11, 2019, 9:29 a.m.

    According to Fitch Solutions, Tokyo-backed projects in Southeast Asia have topped $367 billion, outspending China and making Japan the top provider of infrastructure and development aid in the region, Nikkei reports.

  • China Wins $1B Philippines Project | Dec. 10, 2019, 9:18 a.m.

    China Harbor Engineering, a subsidiary of China Communications Construction Co. with controversial links to China's island-building in the South China Sea and a highway bribery scandal in Bangladesh, has won a $1 billion contract for a 360-hectares land reclamation project in Manila, Nikkei reports.

  • Philippines Shelves Chinese Projects | Nov. 15, 2019, 9:42 a.m.

    Philippines' President Duterte has shelved a number of megaprojects, including two Chinese-financed deals, under his "Build, Build, Build" program due to feasibility concerns. Instead, the government hopes to pursue public-private-partnerships to fund Duterte's multi-billion-dollar infrastructure program.

  • Philippines Banks on Infrastructure | Sept. 24, 2019, 9:48 a.m.

    Philippines president Rodrigo Duterte has pushed national spending on infrastructure projects in hopes of creating an economic boom, though this model also carries risks, Nikkei reports.

  • Duterte, Xi Talk Infrastructure | Aug. 28, 2019, 9:17 a.m.

    Philippine president Rodrigo Duterte and Chinese president Xi Jinping plan to sign deals for infrastructure and funding support from China's Belt and Road Initiative during Duterte's visit to Beijing this week, Nikkei reports.

  • China Faces Backlash in Philippines | July 31, 2019, 9:57 a.m.

  • Duterte Nets $6B in Tokyo | June 11, 2019, 9:12 a.m.

    Philippine President Rodrigo Duterte visited Japan last month, his third visit in less than three years. In Tokyo, Duterte collected close to $6 billion in bilateral investment deals, including infrastructure, reports the Nikkei Asian Review.

  • Philippines Election to Determine China Ties | May 7, 2019, 9 a.m.

    President Rodrigo Duterte's senatorial candidates could sweep the midterm elections in the Philippines next week. The midterm polls are widely seen as a referendum on Duterte and his policies, including his moves to further embrace China as a key funder of the country's ambitious infrastructure projects, reports Nikkei.

  • Duterte Plans Japan Visit | March 22, 2019, 9:06 a.m.

    Philippine President Rodrigo Duterte will visit Japan in late May to discuss infrastructure projects the Japanese government is supporting in the Philippines, including the country's first-ever subway line in Manila. Duterte has also recently confirmed through a spokesman that he will attend April's international Belt and Road conference in Beijing, reports the Nikkei Asian Review.

  • Philippines Turns Spotlight on China-Funded Dam | March 15, 2019, 8:51 a.m.

    A water shortage in the Philippine capital has forced President Rodrigo Duterte's administration to step in. Finance Secretary Carlos Dominguez said the shortage should prompt accelerated construction of the China-funded Kaliwa Dam, which opponents say may harm the environment, indigenous people and Philippine sovereignty, reports the Nikkei Asian Review.

  • Duterte Plans Philippines' First Subway | March 8, 2019, 9:16 a.m.

    The Philippines held a groundbreaking ceremony for the country's first subway line under President Rodrigo Duterte's infrastructure push. The Japanese government is giving full backing to the project. The design and construction work will be implemented by a four-member consortium of Japanese contractors, reports the Nikkei Asian Review.

  • Mahathir warns Philippines about China loans | March 7, 2019, 9:02 a.m.

    While on a state visit to the Philippines, Malaysian Prime Minister Mahathir Mohammad told journalists that if countries borrow money from China they cannot pay back, the country "may be under the control of the lender." The statement was read as a warning to Philippines president Rodrigo Duterte, who accepted a $9 billion credit line from China in 2016, reports Nikkei.

  • China Expressing Interest in Subic Bay | Feb. 1, 2019, 10:08 a.m.

    Hanjin shipyard operator, HHIC-Phil, filed for bankruptcy after failing to pay $412 million in debts to five local banks and $900 million more to South Korean creditors. With state-backed Chinese companies offering to acquire the shipyard, Philippine's president Duterte faces a strategic dilemma regarding whether or not to accept this offer and grant the Chinese unlimited access to a vital naval and maritime asset.

  • US, China Vie for the Philippines | Nov. 19, 2018, 9:48 a.m.

    China and the Philippines are expected to sign billions of dollars worth of Belt and Road deals on Tuesday, as the United States and the Philippines move forward on key issues including free trade talks, reports the Nikkei Asian Review.

  • Infrastructure Raises Philippine Interest Rates | June 20, 2018, 9:18 a.m.

    President Rodrigo Duterte's large-scale infrastructure program has been driving imports and widening the Philippines' current account deficit causing the central bank to raise interest rates for a second consecutive month. The interest-rate increase is expected to support the peso, which has been trading at its lowest levels against the dollar in 12 years.

  • Duterte Pushes $160B Infrastructure Drive | April 18, 2018, 9:02 a.m.

    Philippine president Rodrigo Duterte is pushing for a second package of tax reforms under his Comprehensive Tax Reform Program in order to help fund the country’s $160 billion infrastructure drive.

  • China's elusive infrastructure investment in Philippines | April 4, 2018, 9:21 a.m.

    Japan is the leading infrastructure investor in the Philippines despite significant commitments from China. According to the Nikkei Asian Review, Japan outspent China on infrastructure by a factor of nearly 20:1 during Duterte’s first year in office while Chinese investment has largely gone to industries such as tourism, real estate, casinos, and mineral resources.

  • Duterte Plans $1.8B Tax for Infrastructure | March 8, 2018, 9:37 a.m.

    Philippine President Rodrigo Duterte's administration raised excise taxes on coal, petroleum, cars, sugar-sweetened beverages, cosmetic surgery and other items, to fund his infrastructure projects. This is expected to raise $1.8 billion in its first year of implementation.

  • Duterte on Infrastructure: "Build, Build, Build" | Jan. 24, 2018, 10:25 a.m.

    Trucks and bulldozers are clearing the way this week for a 38-kilometer stretch of train tracks that is one of the Philippines largest infrastructure projects under Duterte’s “Build, Build, Build” infrastructure program.

  • Chinese Partners Sought for Philippines Infrastructure Push | Dec. 18, 2017, 7:50 a.m.

    Aboitiz Group of the Philippines is looking at Chinese partners to help it expand at home and overseas.

  • China Seeks Economic Cooperation with Philippines | Nov. 16, 2017, 10:54 a.m.

    Chinese premier proposes economic cooperation with former maritime rival Philippines.

  • Abe Pledges $9B in Philippines Infrastructure Aid | Nov. 2, 2017, 11:39 a.m.

    Shinzo Abe has pledged to deliver nearly $9 billion in aid to the Philippines to rebuild battle-damaged areas and improve infrastructure throughout the country.

  • Japan Pledges $9B to Philippines | Oct. 30, 2017, 9:54 a.m.

    Wary of China, Japan seeks to strengthen ties with Philippines.

  • Infrastructure Boom Lifts Philippines' Industry | Oct. 26, 2017, 10:07 a.m.

    Materials makers are stepping up to meet government's infrastructure ambitions.

  • PH govt tries to lure private Japanese investment for infrastructure | Sept. 27, 2017, 9:44 a.m.

  • Duterte's Infrastructure Push Drives $2.75B Deficit | July 11, 2017, 10:39 a.m.

    Officials in the Philippines are hailing the country's record $2.75 billion trade deficit in May as a sign that President Rodrigo Duterte's ambitious infrastructure development plan is successfully fueling the economy.

  • Philippines Aspires to "Golden Age" of Infrastructure | June 29, 2017, 8:20 a.m.

    The Philippines' President Rodrigo Duterte plans to nearly double government infrastructure spending from 2015 to 2022 in what he is calling the "golden age" of infrastructure.

  • Duterte Bill to Fund Infrastructure Faces Pushback | June 16, 2017, 8:44 a.m.

    Philippine President Rodrigo Duterte's Comprehensive Tax Reform Program is predicted to create $2.68 billion in revenue gains to help fund his ambitious infrastructure plans, however, the bill could face some pushback as it reaches the Senate.

  • Duterte Rejects EU Grants, Favors China | May 19, 2017, 8:35 a.m.