Wednesday, October 03, 2007


ZTE deal 'canceled'

Philippines: Corruption Scandal Ends National Broadband Project

4:00a.m. Manila-- Announced from China, while on a state visit, Philippine President Gloria Arroyo, canceled a $330 million dollar project between Beijing and Manila. The 'ZTE-NBN Deal,' had been the subject of a prolonged opposition instigated investigation, amidst allegations of corruption, bribery, and alleged kickbacks. The Philippine President formally has 'shelved' the project. [more]

'China-Philippine ties strong' Chinese President Hu Jintao ' China Wants Joint Corruption Probe'

Comments: Post a Comment

<< Home

This page is powered by Blogger. Isn't yours?