AIIB to support Philippines with infrastructure development
President of the Philippines Rodrigo Duterte has selected the Asian Infrastructure Investment Bank (AIIB) to help fund his government’s “unprecedented infrastructure buildup”.
President of the Philippines Rodrigo Duterte (Source: EPA/VNA)
Hanoi (VNA) – President of thePhilippines Rodrigo Duterte has selected the Asian Infrastructure InvestmentBank (AIIB) to help fund his government’s “unprecedented infrastructurebuildup”.
According to Philippine Secretary of FinanceCarlos Dominguez, AIIB President Jin Liqun said that the bank would provideloans for the flood management and bus rapid transit system projects in Manila.
The 470-million-USD flood control project will beco-financed with the World Bank while the 756-million-USD bus system –including construction of 63 stations – will be partly funded by the AsianDevelopment Bank, he added.
The AIIB is an international financialinstitution that aims to support the building of infrastructure in theAsia-Pacific region. It has 57 member states and was proposed as an initiativeby the Chinese government./.
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In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
President of the Philippines Rodrigo Duterte (Source: EPA/VNA) 
