The Philippines wants to deepen trade and investment ties with China despite geopolitical tensions, Finance Secretary Frederick Go said, citing Beijing’s role as the country’s biggest import source and a key provider of technology for infrastructure projects.
The Philippines plans to source up to 75 percent of its government borrowing from the domestic market as it seeks to limit foreign-exchange risks while bringing down its budget deficit and easing taxes on workers and small businesses.
The Aboitiz Group expects to soon close its P13.7-billion infrastructure deal with Global Infrastructure Partners (GIP), a unit of BlackRock, as the group moves to bring a major global investor into its infrastructure business.