Philippines says won’t halt projects with China firms blacklisted by U.S By Reuters

Founder of Indonesia's Bukalapak to head Telkom's digital business By

© Reuters.

MANILA (Reuters) – Philippine infrastructure projects involving Chinese firms blacklisted by the United States over their roles in constructing artificial South China Sea islands can continue, the president’s spokesman said on Tuesday.

President Rodrigo Duterte will not follow the United States’ move to sanction the Chinese firms as the Philippines is an independent nation and needs infrastructure investment, his spokesman Harry Roque told a regular news conference.

The country’s foreign minister last week said he would recommend the government terminates deals with the blacklisted Chinese companies.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

About us

InvestLab is a financial services technology company focused on the global trading market. Founded in 2010 in Hong Kong, the company develops trading, market data, and social research products that enable individual investors and small to mid-size brokers to access global markets. We provide brokers and financial institutions cross border capabilities for retail investors into 43 markets globally.