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FACTCHECK: Silent No More PH page caught spreading fake news yet again

Two out of the 3 alleged conditions for Chinese loans under the Philippines' Build, Build, Build program are lies.

Claim: The Duterte administration's agreement with China for the Philippines' Build, Build, Build infrastructure program supposedly requires that 3% would be the interest rate for loans, 60% of the workforce should be Chinese, and 100% of the equipment to be used should be Chinese imports.

The Facebook page "Silent No More PH" published a photo containing those details last Monday, July 2. Its caption suggests that the loans are "one-sided" in favor of China, and claims that the future of the next generation is in peril.

As of Wednesday morning, July 4, the post has gotten more than 2,000 reactions and nearly 2,000 shares.

The facts: Only the interest rate is correct. Socioeconomic Planning Secretary Ernesto Pernia had said on February 21 that China's loans have a 2% to 3% interest rate.

Pernia later said on June 27 that the Philippines is "cautious" in dealing with China.

FACTCHECK: Silent No More PH page caught spreading fake news yet again FACTCHECK: Silent No More PH page caught spreading fake news yet again Reviewed by AsianPolicy.Press on 3:34:00 AM Rating: 5

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