High-ranking business officials from companies in the United States (US) will be in Manila this week to discuss “greater trade and investment with the Philippines,” the country’s embassy in the US said on Monday.
British Prime Minister David Cameron on Wednesday assured President Benigno Aquino of his government’s continued support for the Philippines’ public-private partnership program (PPP) and said he looked forward to more British companies investing in the country.
The United Kingdom has beefed up its embassy staff in Manila with an additional six members amid efforts to step up its engagement in Southeast Asia and the rest of Asia-Pacific.
The Philippines and South Korea signed five agreements on Monday that will see more Korean investments into the country, including the building of a power plant in the Subic Bay economic zone in Zambales.
President Benigno Aquino III returned from a five-day state visit to China Saturday night, triumphantly announcing nearly $13 billion worth of actual and planned Chinese investments in the Philippines.
President Aquino told Chinese President Hu Jintao of his wish that the territorial dispute in the West Philippine Sea be settled with a “regional” solution, Presidential Spokesman Edwin Lacierda told reporters after the bilateral meeting between the two leaders on Wednesday.
President Benigno Aquino left on Tuesday night for his state visit in China with the hope he and Chinese President Hu Jintao will be able to ease the ongoing tension between Manila and Beijing over the West Philippine Sea or the South China Sea.
A militant group warned Wednesday that the Philippine government’s proposed oil and gas exploration activities off Palawan, particularly in areas near the Spratlys, may trigger a shooting war between the Philippines and China or other claimants to the chain of islets.
After the success of its first mixed-use vertical project called Calyx Center at the Asiatown IT Park, a local real estate developer, Innoland Development Inc., announced its plans to invest P700 million this year to launch two new vertical projects in Cebu City. Charles Ong, chief operations officer of Innoland Development Inc., said the projects [...]
A British company based in the Mactan Export Processing Zone is planning to invest around $3 million for the expansion of its facilities in Cebu. Finn T. Wattenberg, chief executive officer of the British Armour Manufacturing International Inc., said the firm, which specializes in manufacturing armored vehicles to be exported in major conflict areas around [...]
