Chinese firms commit to invest P4.59B more in PH

Sino-Philippine ties to get major boost

Beijing, China - Chinese firms signed business deals with their Philippine counterparts, pledging to invest P4.59 billion to support various projects in the Philippines.

The signing ceremony was witnessed by President Ferdinand “Bongbong” Marcos Jr. during his state visit to China.

Among the projects that will benefit from the investment are renewable energy, agribusiness, e-commerce, and tourism.

Strengthening economic ties

The new investment commitments are a sign of the growing economic ties between the Philippines and China.

In recent years, China has become one of the Philippines’ top trading partners and sources of foreign investment.

The two countries have also been working together on a number of infrastructure projects, including the construction of the China-funded Kaliwa Dam in Quezon province.

Growing opportunities for Philippine businesses

The new investment commitments from Chinese firms will create new opportunities for Philippine businesses.

The projects are expected to generate jobs and spur economic growth in the Philippines.

The Philippine government is also expected to provide support to the projects, including tax incentives and other forms of assistance.

Building a stronger future

The investment commitments from Chinese firms are a positive sign for the future of Philippine-Chinese relations.

The two countries are working together to build a stronger economic partnership that will benefit both countries.

The new investment commitments are a sign of the growing trust and cooperation between the Philippines and China.