China takes island-building skills to Duterte's backyard
Chinese investors to spend US$200m to raise three islands to create new port
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Manila
AMONG the first to gain from Philippine President Rodrigo Duterte's China pivot could be the people who live on rickety wooden stilt-houses in a waterlogged area of his hometown of Davao City.
Chinese investors are set to spend US$200 million to raise three islands from the sea to create a new port. Residents in the area known as Isla Verde aren't worried that one of the companies is CCCC Dredging Group Co, which helped turn a handful of rocks and reefs in the South China Sea into a chain of Chinese maritime outposts that threaten Philippine territorial claims.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore