- Trump’s order bars the use of telecoms equipment made by companies deemed a threat to US national security, threatening Huawei
- Move would stymie Huawei’s efforts to expand into critical 5G market, giving US a chance to play catch-up
Chinese businesses are still in the running to take over a Subic Bay shipyard and could soon also control nearly 2 square miles of what was once America’s largest air base in the Philippines, according to local media reports.Philippines Trade Secretary Ramon Lopez said the government would not, and could not, block Chinese offers to buy Subic Bay shipbuilder Hanjin Philippines, which has defaulted on $1.3 billion in loans, according to an April 25 Reuters news agency report.
The Philippine Telegraph & Telephone Corp. (PT&T) will put up a national wi-fi service with a Chinese partner.
In a disclosure on Monday, the listed telecommunications firm said its chairman Salvador Zamora II signed a $500-million deal with China's CITIC Networks Co. Ltd. to roll out wi-fi internet connection, digital television, and satellite network services covering the whole country.
Zamora through his holding company Tranzen Group, Inc. signed the memorandum of understanding with Citic's Luo Ning last month in Beijing, forming part of the over $12-billion business deals fetched during President Rodrigo Duterte's latest visit to the Mainland.
If only there's some way we can check Duterte. Article here.The Philippines is already caught in China’s web, but there’s still the time and a way to escape from it.The time is now that its economy isn’t heavily dependent on China. And the way is by saying “no” to Chinese investments that could leave the country heavily indebted to Beijing...
It can say “no” to Chinese investment projects that promote China’s ambitions rather than Philippines priorities.
Why? For a simple reason: the Philippines economy doesn’t depend heavily on China, as other Asian economies do (e.g., the Malaysian economy).
China isn’t the top direct investor in the Philippines -- Japan, US, and Singapore are.
China isn’t the top export market for the Philippines either. Last year, America was the top export market, at 10.6 billion (15.6% of total Filipino exports), followed by Hong Kong ($9.6 billion (14.2%), and Japan $9.5 billion (14%). China occupied the fourth position($8.7 billion (12.9%).
That’s in sharp contrast with Malaysia, where China is the largest export market for Malaysia ($42.5B), followed by Singapore (35.7B), and the US ($33.1B).
This means that Beijing doesn’t have leverage against any “irrational” behavior by the Philippines, like canceling Chinese projects, as it has over Malaysia.
By coincidence, Malaysia’s exports dropped unexpectedly followed a decision of the country’s newly elected leadership to cancel certain Chinese projects.
MANILA, Philippines — It is unclear where a bridge symbolizing the fusion of two cultures—or ties of two states—is leading, as its construction faces opposition from local and international organizations and from some government agencies.China don't care. China just want to help Duterte "build, build, build"
The construction of China-funded Binondo-Intramuros "Friendship" Bridge last year made headlines as the proposed project is feared to overstep the edge of the San Agustin Church’s buffer zone in the walled historic area of Intramuros in Manila.
Encroachment of the buffer zone, required by the United Nations Educational, Scientific and Cultural Organization, could lead to the delisting of the church and three other baroque churches in the country as world heritage sites.