Sunday, September 06, 2015
Japan has assured the Philippines about US$2 billion in soft loans to improve the Philippines’ crumbling railway system, a biggest ever support for the Filipino project. 

The amount is about 240 billion-yen or 88 billion pesos in the Philippine Currency,  it's a clear indication of continued better  cooperation between the former Second World War foes which includes closer security cooperation.

Maglev Train

Both countries already  discussed  “closed security cooperation” including the speeding up of deliberations for the compliance on the transfer of defense equipment and technology, and continue strengthen to work together on maritime security.


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