PH To Pay China Loan

[prestige]

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Where's the money?

PH To Pay China Loan - Yahoo! News Philippines

[amingb]

Naa source or link ani ug $500M bajud ang bayaran or kato rang nagamit ?

Portion raman siguro mao nang $184M ... nagamit naman nasugdan naman gani

The Department of Finance (DOF) earlier said it had successfully renegotiated with the Chinese government the payment terms of a portion of a $500-million loan to be used supposedly to finance the North Rail project.

The Philippine government was due to pay the Export-Import Bank of China (ChinaExim Bank) this year a lump sum of $184 million, but DOF officials were able to lengthen the payment period to two years or up to 2014.

Data from the DOF showed that instead of a lump sum payment of $184 million, the government will pay ChinaExim four equal payments of $46 million over two years starting this month.

[salbahis]

it would nice if the money will be used to buy surveilance plane or get an anti-ship weapon and install it on KIG... that would be kewl.... a nice way to return their investment... by fire...