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  • Philippine Daily Inquirer, Mar. 28, 2019, Party-List Group Defends Critics of China Loan Agreement PDF

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    Philippine Daily Inquirer, Mar. 28, 2019, Party-List group defends critics of China loan agreement.pdf

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    Philippine Daily Inquirer, Mar. 28, 2019, Party-List group defends critics of China loan agreement.pdf

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    Philippine Daily Inquirer, Mar. 28, 2019, Party-List Group Defends Critics of China Loan Agreement PDF

    Transféré par

    pribhor2
    Philippine Daily Inquirer, Mar. 28, 2019, Party-List group defends critics of China loan agreement.pdf

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    sur 1

    THURSDAY / MARCH 28,2019

    WWW.INQUIREB.NET

    PARIY.LI$T OROllP DEFEI{[$ CRITIC$ OT CllII{A |.OA]I AOREEIIEIIT


    shouldl blame lthemselves] for On Tuesday, the Palace offi- pines defaulted on the loan. "We ask Malacanang: Who
    :By [vlelvin Gascon
    :@!qelving€scon signing up even if lthey] know cial said Carpio was wrong in "That's just a small prepared the draft of the loan
    there are loopholes and the calting the Recto Bank 8as re- amount," Guevarra told re- agreement, wasn't it China?
    loans are extremely disadvan- serves patrimonial assets be- iorters, referring to the loan. The Palace allowed china to
    .Party-list group Bayan Muna on
    $y'/ednesday blasted Malacaiang tageous to PhiliPpine inter- cause th6ie was no law that "The Philippines can easilY write the agreement and like
    maFe such a declaration and dlat pay it." vassals, (President) Duterte and
    .tor trying to turn t}Ie tables on ests," Colmenares said.
    Panelo criticized Carpio for President Duterte had no inten- Carpio's views matched the his minions simply agreed to
    tritics of the administration's
    it," he said.
    loan agreement with China for exposing the loopholes in the tioB of issuing a proclamation. reservations earlier raised bY
    colmenares about the admin- colmenares earlier said he
    in irrigation project, saying it $62-million chico River Pump
    would question the constitu-
    'ivas the officials who signed the Irrigation Project loan agree- 1972law istration's loan agreements
    tea who shoutd be branded as ment, saying the justice was Carpio clme back on withChina. tionality of the China loan
    siding with China while making Wednesday, saying the Oil and Colfrenares citeil a "vague- agreements in the Supreme
    ]'unpatriotic" for agreeing to the ty worded" provision in
    public his reservations about Exploration Act of 192 Pro- the Court.
    ::'onerous" terms.
    ctaimed the oil and gas reserves agreements in which the On wednesday, Magdalo
    : ln a statement, Bayan Muna the deal.
    at Recto Bank patrimonial assets. Philippines would waive its im- Rep. Gary Alejano, also a sena-
    $hair Neri Colmenares came to Carpio earlier warned that
    under the Ioan agreement, Chi- Panelo retreateA, acknowl- munity over its sovereign torial candidate in MaY's
    Jhe defense of Supreme Court midterm elections, filed a reso-
    na could take the Philippines' edging Carpio was right. He, rights and could allow China to
    ;Senior Associate Justice Anto- take control of its patrimonial tution urging the government
    $o Carpio, whom presidential gas resewes in Recto Bank, however, insisted that there
    which he d€scribedas "patrimo- w5s no problem with the loan properties. to disclose the terms of its loan
    $pokesperson Salvador Panelo
    called unpatriotic for saying nial assets," if tle govemment agreement, sayingr "In tlle agreements with China.
    failed to pay back the debt. event we default [on our loan] 'Stupid'claim Alejano filed the measure
    the loan agreement was a one-
    Panelo said Carpio was be- we will pay them." It is "stupid" for Panelo to amid growing concerns that the
    sided deal in favor ofChina.
    ing unpatriotic, and seemed to Justice Secretary Menardo claim that China was unaware Phitippines was falling into
    Dont blame Carpio be coaching the Chinese. Guevaffa dismissed as "far- of the loopholes in the loan China's debt trap. -wrrH RE- I

    "lMalacaiang should not] "There are no loopholes, but fetched" Carpio's warning that agreements, as the templates DONTS FE.'M CHRISTINE O. AVEN-
    expos- he's providing the loopholes,"
    blame Juqtice Carpio for China could seize the Recto were prepared by China, Col- DAffo, DJ YAP,DoNAz. PAzzlBucaN
    Bank gas reserves if the PhiliD- menares said. ANDTETGH loRREs-tuPAs INQ
    ing the loopholes. lThev Panelo said.
    \ eaqr' -Ag I

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