TOKYO — Japan pledged a low-interest loan of more than $250 million to the Philippines on Monday, the first day of President Corazon Aquino's visit here, and her spokesman said there are indications of more aid to come.
The loan of 40.4-billion yen ($252.5 million) will finance construction of a thermal power plant south of Manila.
Aquino left Manila during rumors that disaffected military officers might attempt a coup against her nine-month-old government. Gen. Fidel V. Ramos, armed forces commander, sent a message Monday afternoon saying that the "peace and order situation is very secure and stable," Aquino's spokesman, Teodoro Benigno, said.
Ramos made his statement after meeting in Manila with Defense Minister Juan Ponce Enrile, who has sharply criticized Aquino, and the chiefs of the navy, air force, army and national police.
Forces on Alert
The Philippine armed forces have been put on alert, as they were during Aquino's two previous trips abroad.
Benigno said the emphasis during the 53-year-old leader's four-day visit will be on how Japan can help the Philippine economy, which is crippled by $26 billion in foreign debt accumulated under former President Ferdinand E. Marcos.