Anti Duterte said: That the collateral of the Philippines loan to china is the natural gas! Its fake news! there is no contract signed for any collateral, conditionality sa isang contract naging totoo? Speculating on something that won’t happen?
The best question to pose is, can we service the loan from China when it is due? And what is the basis why we were granted loans? Di ba kung lending nation ka o magpapaputang ka, alamin mo kung may kakayahan ang umuutang, yes?
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So may kaya ba tayong magbayad? Let us see…
How much is our foreign reserves – to date $82B, the cost of the Kaliwa Dam projects is $210M. The cost of the Chico River project is $62M.
Foreign reserves is the basis for lending nations to grant loans, thus the Philippines has the capacity to pay these Chinese loan. We will not experience any default over the Kaliwa Dam project contrary to the speculations here.
So again, mabayaran ba natin ang utang natin o hindi base sa kakayahan natin through our foreign reserves. Your OP here is purely fear mongering which is too unfounded to be true.
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(c) Nards Cervante