Progressive group Akbayan on Monday supported the recommendation of Foreign Affairs Secretary Teodoro Locsin Jr. to terminate the contracts of Chinese companies involved in the artificial island-building in the West Philippine Sea or the South China Sea.
“To fully protect our national interest, a comprehensive debt audit of all Chinese loans is necessary to determine if these loan agreements are legitimate, don’t carry unjust conditionalities that could undermine our country’s sovereignty, territory, economy and security, and not the result of questionable transactions,” Rosales said.
One of these companies is the China Communications Construction Co. , which is a partner of MacroAsia Corp. that was recently awarded the initial phase of the $10-billion Sangley Point International Airport project.
That is a very good idea! The Philippines should focus on stronger relations with both the USA and Russian Federation.
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