Duterte takes chink loan 1100% more expensive than Japanese offer. Drugged by Eleven?

[kryonlight]

China’s debt-trap diplomacy reaches the Philippines, which is likely to accept Chinese loans 1,100% more expensive than other options

The Philippines is close to accepting Chinese loans that are up to 1,100% more expensive than those from Japan, in another instance of China’s debt-trap diplomacy.

The loans from China, which will be used to fast-track infrastructure projects including a dam, railway project, and irrigation system, come with an interest rate of 2% to 3%. But loans available from Japan have interests rates between 0.25 and 0.75%, up to 12 times cheaper than those from China.

 

[Rogue Trader]

Faillipines obviously knows the political implications of borrowing from either country. Loan rate is not the only factor

 

[tun_dr_m]

Japan and USA existence will not last too long. Philippines need to build relationship with a superpower WITH LASTING FUTURE.

 

[apogee]

How to trust Japanese, given what they did to SEA in WW2

 

[Cottonmouth]

Faillipines obviously fail Maths, look at all those pinoys prostitutes and whores all over orchard.

 

[syed putra]

These loans are in yuan and yen. If peso go down, phillipine basically go bust

 

[Hangover]

Faillipines obviously fail Maths, look at all those pinoys prostitutes and whores all over orchard.

more likely the stupid japanese didn't give the Filipinos undertable money mah.
najib happie like a bee too with the chinese funds.

 

[Truth_Hurts]

These loans are in yuan and yen. If peso go down, phillipine basically go bust

That is good news..the philippine peso is performing well.

 

[greedy and cunning]

more likely the stupid japanese didn't give the Filipinos undertable money mah.
najib happie like a bee too with the chinese funds.

no lah.
the reason was given by the philippines themselves ,but the biased and blind
tread starter purpose leave it out.

“We cannot get all the loans from … Japan. Between 2 and 3 % interest rate is still much better than commercial [loans],” Ernesto M. Pernia, the Philippines’ chief economist, announced in February.

According to the government’s official news agency, Pernia said Japan’s slowness was part of the reason – “We don’t want to be left behind” – but CNN and local outlet Rappler both reported the economist weighing up the need for diplomatic “friends.”

“More friends is still better than fewer friends,” he said.

 

[taksinloong]

Because the panda can jail break like this and you can not!