President Ferdinand Marcos Jr. on Thursday said the Philippines received about $22 billion worth of investment pledges after his 48-hour state visit to China. These are investments from new and exi…
President Ferdinand Marcos Jr. on Thursday said the Philippines received about $22 billion worth of investment pledges after his 48-hour state visit to China.
“Nagbubukas na sila ng opisina, kumukuha na sila ng mga permit. Yung mga nakakuha na ng permit nag-uumpisa na sila ng construction,” he said. The Chinese investment pledges are expected to generate thousands of jobs for Filipinos, Marcos said. During his state visit, Marcos repeatedly said that his administration seeks to forge closer ties with Asia’s largest economy on multiple fronts.
Aside from investment pledges, the Philippines also received some 1.5 billion renminbi in grants for the construction of several bridges in the country.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China-Philippines relations expected to reach new heights with PBBM visit | BusinessMirrorChina-Philippines relationship has entered a new stage as Chinese President Xi Jinping met with Philippine President Ferdinand Romualdez Marcos Jr. in Beijing on Wednesday during Marcos’s three-day state visit to China. This is the first foreign head of state hosted by China in 2023. And this state visit is…
Read more »
PBBM bags business deals with China for lower fertilizer pricesPresident Ferdinand Marcos, Jr. has secured business agreements with China for lower fertilizer prices, a vital part of his administration&39;s bid to help farmers and ensure food security.
Read more »
PH envoy assures: China deals secured by PBBM will bring ‘tangible benefits’While he did not specify how China and the Philippines will push through with the agreements, the envoy made the assurance that the pledges during Marcos’ state visit came both from Chinese companies and higher officials of the Asian economic powerhouse.
Read more »
Promoting PH-China friendship, a 'responsibility and privilege' --- PBBMPresident Ferdinand 'Bongbong' Marcos Jr. said it's a responsibility and a privilege to continue and foster ties between the Philippines and China because his family established them.
Read more »
Gov't monitoring Omicron subvariant 'very closely' — PBBMPresident Ferdinand “Bongbong” Marcos Jr. said Friday that the government is monitoring “very closely” the Omicron subvariant XBB.1.5, adding the Covid-19 situation in the country seems to be being handled well.
Read more »
Marcos’ fruitful state visit to China enhances PH economic recovery effortsPresident Ferdinand R. Marcos, Jr.’s state visit to China has yielded productive results that strengthen what he describes as “the positive trajectory” of the two countries’ relationships. MBOpinions READ:
Read more »