The South Korean government is extending USD 500-million framework agreement loan for the country's development projects, President Benigno S. Aquino III announced upon his arrival from South Korea Friday evening.

The fund is a concessional loan with favorable interest rate for the Philippines, the President said in his arrival speech at the Ninoy Aquino International Airport Terminal 2.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details