Author Topic: Philippines prepared to welcome more Chinese investors  (Read 528 times)

MikeLigalig.com

  • FOUNDER
  • Webmaster
  • *****
  • Posts: 33285
  • Please use the share icons below
    • View Profile
    • Book Your Tickets on a Budget
Philippines prepared to welcome more Chinese investors
« on: April 05, 2017, 09:10:29 AM »
Malacañang: PHL prepared to welcome more Chinese investors

MANILA, April 4 (PNA) -- Malacañang said the country is prepared to welcome some 150 Chinese investors to the country.

Presidential spokesperson Ernesto Abella, in a press briefing in Malacañang on Tuesday, April 4, said the Bank of China, China’s most internationalized and diversified bank, will be bringing in 150 Chinese investors to the Philippines.

The 150 Chinese investors are expected to attend the 12th ASEAN Finance Ministers’ Investors Seminar which will be held in Cebu this April.

He also said that the Bank of China will be providing the Philippine Chamber of Commerce and Industry about PHP3 billion in aid to qualified micro, small and medium enterprise beneficiaries.

The Palace also expressed elation over the strong Institutional Investor’s outlook for the Philippines. The Philippines was given a thumbs-up by the Institutional Investor, a New York-based leading international business publisher.

Also, the recently approved Social Security System (SSS) pension increase is also seen to boost consumer spending.

At the same time, Abella said the two additional lanes along Timog Avenue to Scout Borromeo in Quezon City are now open with an improved flood control concrete box culvert.

Abella said the 522-meter Road Project and the 5.30 meters width by 4.35 meters deep Flood Control Project, totaling to PHP87.69 million, are expected to ease the flow of traffic along Quezon Avenue–East Bound.

In the same briefing, Abella said the dismissal of Department of Interior and Local Government (DILG) Secretary Ismael Sueno manifests President Rodrigo Duterte’s determination to restore the trust of the people in government.

The President always reiterates in his speeches that he will not tolerate graft and corruption in government, noting that even a whiff of corruption, he will not hesitate to dismiss members of his administration.

“I think we have to give him credit and really understand and put it in context that what he’s really actually doing is really restoring trust in the government,” Abella said.

“Apparently for the longest time, the people have become, in a sense, hopeless about the situation. But he is actually empowering the Filipino people once more by giving them a trustworthy government. It’s quite a challenge,” he added.

Asked by reporters if there will be investigation or people to be charged after Sueno’s dismissal, Abella said it’s up to the President what to do next.

The Palace spokesman also said there is still no immediate successor for Sueno. (PNA)

Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=86501.0
John 3:16-18 ESV
For God so loved the world, that he gave his only Son (Jesus Christ), that whoever believes in him should not perish but have eternal life. For God did not send his Son into the world to condemn the world, but in order that the world might be saved through him. Whoever believes in him is not condemned, but whoever does not believe is condemned already, because he has not believed in the name of the only Son of God.

👉 GET easy and FAST online loan at www.tala.com Philippines

Book tickets anywhere for planes, trains, boats, bus at www.12go.co

unionbank online loan application low interest, credit card, easy and fast approval

Tags: