World court rules Aquino’s 2011 cancellation of Belgian dredging project illegal

Orders PH govt to pay Belgian firm P0.8 billion THE World Bank’s International Center for the Settlement of Investment Disputes (ICSID) ruled January 23 that former President Benigno Aquino III’s unilateral cancellation in 2011 of a Belgian firm’s P18-billion flood-control venture, the Laguna Lake Rehabilitation Project, was illegal and unfair. Advertisements It ordered the Philippine […]