China to provide additional P800-M grant to PH for rebuilding of homes in Odette-hit areas

17/01/2022 12:25:00 PM

The Nation's Leading Newspaper

China will provide P800-million additional grant to the Philippines to help in its reconstruction efforts in areas hit by typhoon Odette last year.

The Nation's Leading Newspaper

Aftermath of typhoon Odette in Dinagat Islands (Photo courtesy of the OVP)State Councilor and Foreign Minister of China Wang Yi announced this on Monday, Jan. 17, during the 5th Manila Forum for Philippines-China Relations.“The Philippine people are strong and resilient. We believe that under the leadership of President Duterte and the Philippine government, people in the affected areas will rebuild their homes at an early date,” Wang said in his speech.

“To support their reconstruction, I’d like to announce that the Chinese Government has decided to provide another 100 million RMB yuan of grant to the Philippines,” the Chinese Foreign Minister added.He stressed that China and the Philippines are neighbors facing each other across the sea and “partners through thick and thin.”

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China will provide P800-million additional grant to the Philippines to help in its reconstruction efforts in areas hit by typhoon Odette last year.A weak reading on retail sales for December caused by concern about the latest Covid wave and higher prices was compounded by a University of Michigan survey showing consumer sentiment fell sharply in January.SHANGHAI, China – China reported fewer new confirmed coronavirus cases for Friday, January 14, than a day earlier, but details on the spread of the highly contagious Omicron variant remained unclear ahead of the Lunar New Year travel season later this month.PH lifts entry ban on Filipino travelers from ‘red list’ nations ‘Plainly inconsistent’ The Office of Ocean and Polar Affairs under the state department’s Bureau of Oceans and International Environmental and Scientific Affairs said in its “Limits in the Seas No.

Aftermath of typhoon Odette in Dinagat Islands (Photo courtesy of the OVP) State Councilor and Foreign Minister of China Wang Yi announced this on Monday, Jan. 17, during the 5th Manila Forum for Philippines-China Relations. Despite the uncertain start to 2022 for global markets, Eli Lee at Bank of Singapore remained upbeat about the outlook. “The Philippine people are strong and resilient. The new locally transmitted cases were in Henan, Tianjin, Guangdong, Shaanxi and Zhejiang. We believe that under the leadership of President Duterte and the Philippine government, people in the affected areas will rebuild their homes at an early date,” Wang said in his speech. “Historically, bull markets do not end at the beginning of rate hike cycles, and positive trends in global economic growth and earnings continue to be positive fundamental drivers for the market. “To support their reconstruction, I’d like to announce that the Chinese Government has decided to provide another 100 million RMB yuan of grant to the Philippines,” the Chinese Foreign Minister added. It stressed that the United States and many other states protested against China’s “historic rights” claim that was “rejected by the tribunal in The South China Sea Arbitration.

He stressed that China and the Philippines are neighbors facing each other across the sea and “partners through thick and thin. Mainland Chinese shares were given some support by news that the central bank had cut interest rates for the first time since the height of the pandemic last year as officials look to kickstart stuttering growth. Despite stringent controls, state media reported on Saturday that Beijing had detected an infection in a person working in the city’s Haidian district.” The foreign minister also emphasized that when the Philippines was hit by typhoon Odette, President Xi Jinping promptly expressed his sympathies and support, and the Chinese government was among the first to provide emergency assistance. “We hope the new grant will help boost the recovery,” he said.1 percent last year — its best rate in 10 years — but slowed in the final three months as it was hit by virus lockdowns around the country and weakness in the crucial property sector. China had initially provided P50-million emergency cash assistance to the Philippines to help the government in its relief operations and assist typhoon victims rebuild their homes at an early date. Authorities have warned that Omicron adds to the increased risk of COVID-19 transmission as more people return to China from overseas for the Lunar New Year holiday. READ MORE: On Dec. Under the proposed bill, the number of gaming concessions will remain at six but their term will be halved to 10 years, while the proportion of local ownership in casino firms will be lifted from 10 percent to 15 percent. ADVERTISEMENT One is the “sovereignty claims” over more than 100 features submerged during high tide, which the state department said were “beyond the lawful limits of any state’s territorial sea.

29, 2021, the Chinese Embassy in Manila also donated 100,000 bottles of drinking water amounting to P1 million to typhoon-hit communities. READ MORE: On Jan. Sands Macau soared almost 15 percent, Wynn Macau and MGM China piled on more than 10 percent each, while Melco was up eight percent. He said 14 provincial areas in China had found the Omicron variant in infected individuals arriving from overseas. 16, Sunday, over 5,000 relief packs were distributed by the Chinese Embassy Odette-stricken municipalities of San Miguel, Trinidad, and Inabaga in Bohol province. . Key figures around 0300 GMT Tokyo – Nikkei 225: UP 0.