Business World

China offers fund for Duterte’s war on drugs

- Doctolero Jumaine Christene V.

CHINA has offered to provide about P25 billion worth of soft loans and another P720 million in grant for guns and equipment in support of President Rodrigo R. Duterte’s controvers­ial war against illegal drugs and to fight terrorism.

Secretary of National Defense Delfin N. Lorenzana told reporters yesterday that the President and Chinese Ambassador Cui Tiankai met on Monday night to talk about what else China can give to help address the problems faced by the Philippine government.

Mr. Lorenzana said they, in turn, asked what China can provide, and the Chinese ambassador gave a “100 million Yuan” figure, “which is equivalent to P720 million.”

Mr. Lorenzana quoted Mr. Tiankai as saying: “I know your problems in terrorism, I know your problems in drugs, so we would like to help you.”

This grant, which would likely be turned over by the second quarter next year, would be intended for the purchase of anti-terrorism parapherna­lia such as small firearms, night vision goggles and faster boats, Mr. Lorenzana added.

The P25-billion long-term soft loan, meanwhile, would be made available should the government need more firearms and other equipment.

“Initially, sabi nila gusto nila kaming, tayong bigyan ng (they said they want to give us) $500 million worth of loan, long-term soft loan… kung kelangan natin pa ng equipment (if we need more equipment)” Mr. Lorenzana said.

Following Mr. Duterte’s state-visit to China last October, $13.5 billion worth of Chinese business investment­s were committed while Huang Rulun, a rags-toriches Chinese billionair­e, promised to build two huge drug rehabilita­tion centers in the Philippine­s.

Mr. Lorenzana said Mr. Tiankai also expressed plans to put up an additional drug rehabilita­tion center.

Mr. Duterte has been aiming to establish stronger ties with China despite the standing territoria­l dispute over parts of the West Philippine Sea that the emerging Asian superpower continues to claim despite an internatio­nal court’s ruling in favor of the Philippine­s.

OIL EXPLORATIO­N

Meanwhile, Presidenti­al Spokespers­on Ernesto C. Abella clarified yesterday that the possibilit­y of a joint oil exploratio­n with China at the disputed Scarboroug­h Shoal is just an idea that the President is considerin­g.

“These are not government to government agreements. So they’re not official. It may be private sector,” Mr. Abella said in a press briefing.

Mr. Duterte, in a speech in Malacañang on Monday, said he will have to deal with issues on the territoria­l dispute with China “during his time,” adding that he might consider a joint exploratio­n of the oil reserves in the Scarboroug­h Shoal area.

Mr. Abella said there are no government policies prohibitin­g the Philippine­s from joining other countries in the exploratio­n of resources in its own territorie­s.

“I’m just saying that since there is no government policy regarding… covering that matter at this stage. But I suppose what (the President was) saying — what he was referring to is the possibilit­y of business to business partnershi­ps,” Mr. Abella said. —

Newspapers in English

Newspapers from Philippines