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He e-mailed his Western Union receipt to Cheng, who acknowledged it.

Conveniently located near shopping malls, dining, entertainment, and transportation hubs.

So far, three projects valued at US.4 billion (S.8 billion), all located on the main island of Luzon, have been identified by both governments during a visit to Beijing last month by a business delegation led by Philippine Finance Secretary Carlos Dominguez.

The projects are a railway network linking Manila and Legaspi City in Bicol province that is estimated to cost US.01 billion, an irrigation project in Cagayan and Kalinga provinces valued at about US million, and a hydroelectric dam project in Quezon province costing US4 million.

Over the course of Mr Duterte's six-year term ending in 2022, more than 7 trillion pesos (S0 billion) has been targeted for the development of roads, railway networks, the upgrading of ports and airports, the construction of dams and irrigation networks, and the building of bridges to connect the major islands in the archipelago.

And for the first time, financial aid and technology for these ventures will come from China, which in recent months has pledged more than US billion in aid to the Philippines, Asean's fourth-biggest economy by gross domestic product (GDP).


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