Sign up | Log in



Home  >>   Daily News  >>   Philippines  News  >>   Investment  >>   Japan assures Philippines of loans
NEWS UPDATES Asean Affairs        28  March 2011

Japan assures Philippines of loans

Related Stories

March  19, 2011
Philippines suffers February net outflows

March  11, 2011
Philippines expects Middle Eastern investments

March  2, 2011
Philippines Pangilinan claims control of MRT 3

February 18, 2011
January Philippine hot money inflows ease

Loan assistance from Tokyo will not dry up in the near term despite the disaster that hit Japan, and as proof of this, the Japan International Cooperation Agency (JICA) is pushing through with a multi-billion-peso loan aimed at improving the Philippines’ road network.

“Japan is committed to their [loan] commitments over the short-term,” Socioeconomic Planning Secretary Cayetano Paderanga said, citing the assurances made by Japan’s Ministry of Finance in a meeting held last week.

Paderanga said short-term means this year and includes on-going projects.

For those projects not yet committed, “they will look at it if it will fit within budget constraints. Japan like the Philippines has some narrower fiscal space than before but at the same time, their current account is still in large surplus, even larger than ours, so the resources are there, although, access will depend on government use,” Paderanga said, adding that Tokyo has “big pockets.”

“But it depends on how they will choose to manage this [money],” the planning chief said. Documents from the National Economic and Development Authority (NEDA) showed that the potential yen loan assistance for this year would include the P34.16 billion Road Upgrading and Preservation Project of the Department of Public Works and Highways (DPWH), and the P5.87 billion Forestland Management Project of the Department of Environment and Natural Resources JICA, the Department of Finance and the DPWH will sign on March 30 a 40.8-billion yen, or P21.4 billion project aimed at enhancing the functionality, efficiency and sustainability of national roads in the Philippines through the improvement of arterial national roads across the country.

The 25-year loan will carry an annual interest of 1.4 percent and a grace period of seven years.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    28  March 2011 Subsribe Now !
 • High youth unemployment in Indonesia
Subcribe: Asean Affairs Global Magazine
• Malaysia needs more flexibility Asean Affairs Premium
• Aquino to revive national broadband project

• Japan assures Philippines of loans

Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Heavy debts put deal at risk

• Relocation trend a challenge

• Extra meeting on Mekong dam set

• HCM City to build monorail system in 2012
Asean Analysis    28   March 2011 Advertise Your Brand
• Final meeting on controversial Lao dam is April 21 Sponsor Our Events
Asean Stock Watch    28  March 2011
• Asean Equity Watch
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand