FRIDAY |AUGUST 31, 2007 | PHILIPPINES

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De Castro lauds Chinoy’s loyalty to RP


VICE President Noli ‘Kabayan’ De Castro lauded the Chinese community for joining the Filipinos even in the most trying times of the country.

Speaking during the 6th Filipino-Chinese Friendship Day hosted by the Filipino Chinese Chamber of Commerce and Industry (FCCCI) at the Hotel Sofitel in Pasay City last Friday, De Castro expressed gratitude to Chinese businessmen for staying in the country when it was going through bad times economically.

"You could have left, together with other foreign investors and businessmen who lost interest in the, because you had the opportunity and the means to do so. Yet, you stayed on and invested in our country today, your business remains strong as ever," he said.

"You brought home not just business opportunities but also the richness of Chinese culture and society," he said.

When asked by China-based mediamen on the current relationship between and the, De Castro said the ties of the two countries are getting stronger and more fruitful in the field of agriculture, mining, transportation, and especially housing.

De Castro heads the Housing and Urban Development Coordinating Council (HUDCC) which is tasked by the government to shelter millions of homeless Filipinos.

He told the Chinese reporters that he is thankful to and its people for supporting the country’s various development projects particularly its shelter program.

"As most of you know, we have just tapped the support of the Chinese government through an official development assistance for the implementation of low cost housing program in the under a preferential facility initially amounting to $100 million.

He said the government negotiated for a preferential loan and it was not difficult to talk to the Chinese counterparts.

"This loan would help a lot in meeting the housing needs of our teachers, police, soldiers, and other fixed income earners from the private sector," he said.

While De Castro is grateful to all the assistance provided by, he still cited several areas where the Filipinos and its friends from the Chinese community can cooperate to further improve their relationship.

These areas, he said, are the job creation, promotion of entrepreneurship among the youth and the continued support in the development needs of the families affected by the national railway improvement project.

 


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