8 months Drilon backs scrutiny of proposed loan agreements with China to prevent debt trap MB
By Hannah Torregoza Senate minority leader Franklin Drilon on Sunday backed calls to review the loan agreements the Philippines signed with China, including the Chico River Dam and the Kaliwa Dam projects. Senate Minority Leader Franklin Drilon (FACEBOOK / MANILA BULLETIN) Drilon issued the statement following Senior Associate Justice Antonio Carpio’s warning that a provision in the Chico River loan agreement might force the Philippines to give up its patrimonial assets. “I support the proposal to review the various loan agreements with China. It’s not unusual for loan agreements to be reviewed. It’s part of the check and balance,” Drilon ... more