Saturday 18 August
Powered by Ajaxy
May 31, 2018 @ 18:44

DOF wants Korean funding for 6 infra projects


Another Asian country is expected to support the local infrastructure boom.

Finance Secretary Carlos Dominguez III cozied up with Korean Ambassador Han Dong-Man as he hopes to get Seoul to fund more projects under “Build, Build, Build.”

Dominguez and Han sat down for a meeting ahead of President Rodrigo Duterte’s visit to South Korea in June 2018.

In a statement, Dominguez said he hopes to get “at least six Philippine projects” to receive funding from the Export-Import Bank of Korea-Economic Development Cooperation Fund.

“Under this arrangement, the Philippines can access Korea’s loan facility under the EDCF up to an amount not exceeding $1 billion over a five-year period until 2022,” the Finance department said.

Tags: , , , , , ,

Related Stories
South Korea Tuesday temporarily banned from the streets all recalled BMW cars that have not
A niece of President Rodrigo Duterte revealed that Landing Casino brought the entire Nayong Pilipino
A group of BMW owners in South Korea filed a criminal complaint against the German
Germany's luxury automaker BMW is going to recall 23,700 diesel cars in Europe over an


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.