An honorable member of the Coffee Shop Has Just Posted the Following:
Why do they need USD7billion to rebuild a piece of swampy land and fishing villages?
those are coconuts and attaps house.
why do they need 7billion? do they want to rebuild with 1st class city like singapore?
Typhoon Haiyan: Philippines says rebuilding cost may be up to $7b
http://www.straitstimes.com/breaking...be-7b-20131119
MANILA (REUTERS) - The cost of rebuilding houses, schools, roads and bridges in typhoon-devastated central Philippines could reach 250 billion pesos (S$7.14 billion), making it likely that the government will seek cheap loans from development agencies, a senior official said on Tuesday.
If the government is successful in deploying resources for post-typhoon reconstruction, the economy may even grow faster, said Mr Arsenio Balisacan, economic planning secretary, adding that the country's strong economic fundamentals remained intact.
"I would not be surprised if it can go as high as 250 billion," Mr Balisacan told Reuters, commenting on the likely cost of reconstruction.
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19-11-2013, 06:10 PM
Do You Think Filipinos are a bunch of liars?
