China’s actions seen to weigh heavily on Philippines infrastructure deals

Richmond Mercurio (The Philippine Star) – March 3, 2021 – 12:00am MANILA, Philippines — China’s actions and ambitions may affect the corporate infrastructure deals of state-owned firms in the Philippines, with the recent cancellation of China Communications Construction Co. Ltd. (CCCC)’s airport deal with the local government of Cavite just a start of potentially more that could follow, according to aviation think tank CAPA-Center for Aviation. In a report, CAPA said political reasons may be behind the cancellation of the contract for the Sangley Point International Airport (SPIA) project prev…

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HEDGE accordingly