Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Palladium falls 3% but remains above the $1000 barrier

June 30, 2025

These 2 bank stocks are the biggest winners of the Fed’s latest stress tests

June 30, 2025

Private equity’s big tax perk is the one that got away — again

June 30, 2025
Facebook X (Twitter) Instagram
Monday, June 30
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » US, Japan put Philippine railway project back on track after China plans fall through
Asia

US, Japan put Philippine railway project back on track after China plans fall through

adminBy adminJune 30, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 3


A long-delayed railway that would link key military bases and economic hubs in the Philippines has been resurrected – this time with the backing of the United States and Japan, replacing an earlier plan funded by China that quietly fell through.
Analysts see the railway’s revival as part of broader efforts by the US and Japan to counter China’s regional influence, positioning the project as both a trade route and a strategic asset that enhances their military and security ties with the Philippines.
The 212km (132-mile) Subic–Clark–Manila–Batangas (SCMB) Railway is now set to become the central spine of the Luzon Economic Corridor – a flagship initiative launched in April of last year by the US, Japan and the Philippines to enhance regional infrastructure and supply-chain connectivity.

On Friday, the US embassy in Manila said Washington would kick-start the project by funding technical help through the US Trade and Development Agency (USTDA), though it did not specify the amount.

“The railway is envisioned to be the backbone of the Luzon Economic Corridor, which will accelerate critical infrastructure investment and drive economic transformation in the Philippines,” the USTDA said.

US Secretary of State Marco Rubio (right) shakes hands with Philippine Foreign Minister Enrique Manalo at the State Department in Washington on June 9. Photo: AP
US Secretary of State Marco Rubio (right) shakes hands with Philippine Foreign Minister Enrique Manalo at the State Department in Washington on June 9. Photo: AP

Thomas Hardy, the agency’s acting director, said the project underscored the “vital role” of the US-Philippines alliance in keeping the Indo-Pacific “free and open”, and would help create “an essential trading route that will mutually benefit American and Philippine citizens”.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Asia

Former Philippine mayor Alice Guo ‘nothing more than a usurper’: court

June 30, 2025
Asia

Malaysia’s huge gas pipeline inferno sparked by soft soil, not foul play: authorities

June 30, 2025
Asia

Why is Paetongtarn’s ‘uncle’ Hun Sen attacking her amid Thai-Cambodian tensions?

June 30, 2025
Asia

Malaysia’s corruption scandal widens as Sabah lawmakers, whistle-blower plead not guilty

June 30, 2025
Asia

As Philippines tourism slumps, soul-searching begins: ‘not a priority Asean destination’?

June 30, 2025
Asia

Newlywed wives accused of murdering husbands stun India: ‘men as victims’

June 29, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

China to resume some Japanese seafood imports after Fukushima ban – Business & Finance

June 30, 2025

Pakistan’s inflation projected at 3-4% in June: Finance Ministry – Markets

June 30, 2025

Merit Packaging approves major asset sale to Kompass Pakistan – Business & Finance

June 30, 2025

Aurangzeb departs for Spain to attend FFD4 – Markets

June 30, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Palladium falls 3% but remains above the $1000 barrier
  • These 2 bank stocks are the biggest winners of the Fed’s latest stress tests
  • Private equity’s big tax perk is the one that got away — again
  • Jim Cramer’s mantra for this market — plus, buy this stock on weakness
  • Jim Cramer says his second-half playbook for investors is quite simple

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Palladium falls 3% but remains above the $1000 barrier

June 30, 2025

These 2 bank stocks are the biggest winners of the Fed’s latest stress tests

June 30, 2025

Private equity’s big tax perk is the one that got away — again

June 30, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.