PH infra to gain from China-Japan $ pledges

The Philippine infrastructure sector will continue to benefit as China, Japan and other developed countries compete for economic and political influence on the country through pledges of development assistance and investment, Fitch-owned BMI Research said in its latest report.

“Competition between China, Japan and other regional powers for economic and political influence will provide a boost to the Philippines’ infrastructure sector, as countries promise billions of dollars in development aid, preferential financing and private investment,” it said in a report released Tuesday.