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Monday, October 24, 2016

LIST OF DUTERTE'S $24-BILLION INVESTMENTS AND PROJECTS FROM CHINA THAT LP SENATORS ARE ASKING FOR A REVIEW


   President Duterte's state visit to China  gained not only a good relationship and greater confidence among the two countries but also secured $24 Billion investment and credit pledges $15 Billion of which are going to be used for infrastructure projects in the Philippines.The deals secured by President Duterte's state visit is expected to beef up the investment and trade levels between both countries.  According to trade secretary Ramon Lopez,the renewed friendships in this part of the world have opened huge opportunities's trade and investment in China and Asean market over 1.9 billion people. Lopez also disclosed that the $15 billion worth of investment projects were as follows;     Image result for China Railway Engineering Corp.  1.Railway project (study) by MVP Global Infrastructure group and China Railway Engineering Corp.  Image result for china sino hydroImage result for Zonarsystems 2.Nationwide island provinces link bridges by Zonar Systems and PowerChina Sino Hydro    Image result for china sino hydro 3.Ambal Simuay sub-river basin flood control project by One Whitebeach Land Development and Sino Hydro;    4.Pasig River, Marikina River and Manggahan Floodway bridges construction project by Zonar Construct and SinoHydro  Image result for Greenergy.  Image result for Power China Guizhou Engineering Corp. 5. 300MW Pulangi-5 Hydro Project by Greenergy Co. and Power China Guizhou Engineering Corp.   Image result for banana plantation 6. Banana plantation project by AVLB Asia Pacific and Shanghai Xinwo Agriculture Development Co.  Image result for Zhuhai Bus and Coach Co 7.Bus manufacturing facility by Zhuhai Bus and Coach Co   Image result for hybrid rice field 8.Hybrid rice production by SL Agritech and Jiangsu Hongqi Seed Inc.  Image result for Yangtse Motor 9.Manila EDSA Bus Transportation program by Phil State Group and Yangtse Motor group and Minmetals International   Image result for Suli Grp Ltd. 10.Cabling manufacturing facilities by MVP Global Infrastructure Group and Suli Grp Ltd. Image result for CCCC Dredging Company 11.Cebu International and Bulk Terminal project by Mega Harbour Port and CCCC Dredging Company   Image result for China Harbour Engineering 12.Manila Harbour Center reclamation by R-II Builders Inc. and China Harbour Engineering    13.Davao coastline and port development project by Mega Harbor Port and Development and China Harbour Engineering;    Image result for Xinjiang TBEA Sunoasis Image result for Xinjiang TBEA Sunoasis 14.Renewable energy projects by Xinjiang TBEA Sun Oasis    Image result for Global Ferronickel 15.Joint venture on steel plants by Global Ferronickel and Baiyin International     Image result for SIIC Shanghai International Trade HK; 16.New Generation Steel Manufacturing Plant by Mannage Resources and SIIC Shanghai International Trade HK;      Image result for China CAMC Engineering 17.Joint development project on renewable energy by Columbus Capitana and China CAMC Engineering     Image result for Hotel of Asia Inc. 18.Jin Jiang hotel room capacity expansion from 1,000 to 2,000 by Double Dragon Properties and Hotel of Asia Inc.        Image result for globe telecom 19.Globe Telecom projects to improve network quality and capacity      Image result for Wuxi Huaguang Electric Power Engineering 20.North Negros biomass and South Negros biomass project by North Negros Biopower and Wuxi Huaguang Electric Power Engineering      Image result for Jimei Group of China Joint venture agreement of Jimei Group of China and Expedition Construction Corp. for infrastructure projects    21.Transportation and logistics infrastructure at Sangley Point by Cavitex Holdings, International Container Terminal Services Inc. and China Harbour Engineering    22.Safe and smart city projects for BCDA by BCDA and Huawei Technologie   23.BCDA-China Fortune Land Real Estate project (memorandum of understanding);    24.Bonifacio Global City-Ninoy Aquino International Airport Segment of Metro Manila Bus Rapid Transit-EDSA project by BCDA and China Road and Bridge Corp.   25.Subic-Clark railway project by Bases Conversion and Development Authority (BCDA) and China Harbour Engineering Co.    These investment agreements are expected to generate 2 million jobs for Filipinos within the next 5 years that can possibly reduce the number of unemployment in the country.  Financial facilities worth a total of $9 Billion would come from China State and Bank of China,according to Lopez.    “For China alone, they continue to be the Philippines’ second major trading partner with $17 billion value in total trade. Our exports to China were $6 billion in 2015 but this still has high growth potential as we establish better relations and considering China’s total imports was around $2 trillion in 2015. Another promising area again is investment from China. Their investment to the Philippines dropped to only $32 million in 2015. But China’s total outward investments was around $130 billion in 2015,” the trade chief said.   Meanwhile,Senators from the Liberal Party (LP) want the Senate to review the deals with China entered into by President Duterte, including the billions of dollars in aid to be extended by China and the joint coast guard cooperation activities in the disputed West Philippine Sea.  LP Senators Paolo Benigno Aquino IV, Leila de Lima, Franklin Drilon and Francisco Pangilinan said so much is at stake in Duterte’s declared pivot to China and Russia, including the Philippine claim over disputed waters, its trade with other countries and the welfare of overseas Filipino workers.  The senators called for immediate action on Senate Resolution 158 filed by Aquino calling on the Senate committees on foreign relations and economic affairs to conduct a hearing, in aid of legislation, on the foreign policy direction of the government. The hearing should reveal the terms of the 13 agreements and memoranda of understanding, including the reported $6 billion in soft loans, $3 billion in credit facilities through private Chinese banks, and the Joint Coastal Guard Committee on Maritime Cooperation in disputed waters, signed during Duterte’s state visit in Beijing. “We are in agreement that the Philippines needs an independent foreign policy, one that protects and champions the interests of the Filipino people, one that is not pro-American and not pro-China but pro-Filipino, ensuring that the conventions and agreements we sign will benefit Filipino citizens,”  “The Filipino people deserve to know what the official position of the administration is and how this affects the lives of our countrymen residing in all corners of the globe,” the senators said in a joint statement. Sen. Risa Hontiveros asked Duterte to be judicious in his statements even as she appreciated his attempts to clarify his pronouncements. Pangilinan said the confusion of Duterte’s “conflicting” statements adversely affects public confidence in the nation’s state of affairs and creates uncertainty unnecessarily. For Sen. Richard Gordon, Duterte is clever and unorthodox in his foreign policy. “He (Duterte) obviously made other world leaders listen and make things happen,” Gordon said.  (SOURCES:Philstar, INQUIRER.PH)                    RECOMMENDED POSTS:  CRIMES PUNISHABLE BY DEATH IN SAUDI ARABIA AND ITS EQUIVALENT SENTENCE UNDER PHIL LAW   DON'T DO THESE THINGS WHILE IN SAUDI ARABIA    DUTERTE ACCOMPLISHMENTS IN 100 DAYS     BRAND NEW PATROL SHIP FROM JAPAN STARTED OPERATION    BEING BUSY DOESN'T GUARANTEE PRODUCTIVITY      DRUG LORD KERWIN ESPINOSA ARRESTED IN UAE ©2016 THOUGHTSKOTO

President Duterte's state visit to China  gained not only a good relationship and greater confidence among the two countries but also secured $24 Billion investment and credit pledges $15 Billion of which are going to be used for infrastructure projects in the Philippines.The deals secured by President Duterte's state visit is expected to beef up the investment and trade levels between both countries. 
According to trade secretary Ramon Lopez,the renewed friendships in this part of the world have opened huge opportunities's trade and investment in China and Asean market over 1.9 billion people.
Lopez also disclosed that the $15 billion worth of investment projects were as follows:





1.Railway project (study) by MVP Global Infrastructure group and China Railway Engineering Corp.



2.Nationwide island provinces link bridges by Zonar Systems and PowerChina Sino Hydro



3.Ambal Simuay sub-river basin flood control project by One Whitebeach Land Development and Sino Hydro;



4.Pasig River, Marikina River and Manggahan Floodway bridges construction project by Zonar Construct and SinoHydro




  1. 5. 300MW Pulangi-5 Hydro Project by Greenergy

Co. and Power China Guizhou Engineering Corp.



6. Banana plantation project by AVLB Asia Pacific and Shanghai Xinwo Agriculture Development Co.

7.Bus manufacturing facility by Zhuhai Bus and Coach Co

8.Hybrid rice production by SL Agritech and Jiangsu Hongqi Seed Inc.


9.Manila EDSA Bus Transportation program by Phil State Group and Yangtse Motor group and Minmetals International



10.Cabling manufacturing facilities by MVP Global Infrastructure Group and Suli Grp Ltd.



11.Cebu International and Bulk Terminal project by Mega Harbour Port and CCCC Dredging Company




12.Manila Harbour Center reclamation by R-II Builders Inc. and China Harbour Engineering




13.Davao coastline and port development project by Mega Harbor Port and Development and China Harbour Engineering;




14.Renewable energy projects by Xinjiang TBEA Sun Oasis



15.Joint venture on steel plants by Global Ferronickel and Baiyin International

16.New Generation Steel Manufacturing Plant by Mannage Resources and SIIC Shanghai International Trade HK;





Image result for China CAMC Engineering
17.Joint development project on renewable energy by Columbus Capitana and China CAMC Engineering


  1. 18.Jin Jiang hotel room capacity expansion from 1,000 to 2,000 by Double Dragon Properties and Hotel of

Asia Inc.









Image result for globe telecom
19.Globe Telecom projects to improve network quality and capacity





20.North Negros biomass and South Negros biomass project by North Negros Biopower and Wuxi Huaguang Electric Power Engineering
Image result for Jimei Group of China
Joint venture agreement of Jimei Group of China and Expedition Construction Corp. for infrastructure projects
21.Transportation and logistics infrastructure at Sangley Point by Cavitex Holdings, International Container Terminal Services Inc. and China Harbour Engineering



22.Safe and smart city projects for BCDA by BCDA and Huawei Technologie


23.BCDA-China Fortune Land Real Estate project (memorandum of understanding);



24.Bonifacio Global City-Ninoy Aquino International Airport Segment of Metro Manila Bus Rapid Transit-EDSA project by BCDA and China Road and Bridge Corp.


25.Subic-Clark railway project by Bases Conversion and Development Authority (BCDA) and China Harbour Engineering Co.



These investment agreements are expected to generate 2 million jobs for Filipinos within the next 5 years that can possibly reduce the number of unemployment in the country.

Financial facilities worth a total of $9 Billion would come from China State and Bank of China,according to Lopez.


“For China alone, they continue to be the Philippines’ second major trading partner with $17 billion value in total trade. Our exports to China were $6 billion in 2015 but this still has high growth potential as we establish better relations and considering China’s total imports was around $2 trillion in 2015.
Another promising area again is investment from China. Their investment to the Philippines dropped to only $32 million in 2015.
But China’s total outward investments was around $130 billion in 2015,” the trade chief said.


Meanwhile,
Senators from the Liberal Party (LP) want the Senate to review the deals with China entered into by President Duterte, including the billions of dollars in aid to be extended by China and the joint coast guard cooperation activities in the disputed West Philippine Sea.

LP Senators Paolo Benigno Aquino IV, Leila de Lima, Franklin Drilon and Francisco Pangilinan said so much is at stake in Duterte’s declared pivot to China and Russia, including the Philippine claim over disputed waters, its trade with other countries and the welfare of overseas Filipino workers.

The senators called for immediate action on Senate Resolution 158 filed by Aquino calling on the Senate committees on foreign relations and economic affairs to conduct a hearing, in aid of legislation, on the foreign policy direction of the government.
The hearing should reveal the terms of the 13 agreements and memoranda of understanding, including the reported $6 billion in soft loans, $3 billion in credit facilities through private Chinese banks, and the Joint Coastal Guard Committee on Maritime Cooperation in disputed waters, signed during Duterte’s state visit in Beijing.
“We are in agreement that the Philippines needs an independent foreign policy, one that protects and champions the interests of the Filipino people, one that is not pro-American and not pro-China but pro-Filipino, ensuring that the conventions and agreements we sign will benefit Filipino citizens,”
 “The Filipino people deserve to know what the official position of the administration is and how this affects the lives of our countrymen residing in all corners of the globe,” the senators said in a joint statement.
Sen. Risa Hontiveros asked Duterte to be judicious in his statements even as she appreciated his attempts to clarify his pronouncements.
Pangilinan said the confusion of Duterte’s “conflicting” statements adversely affects public confidence in the nation’s state of affairs and creates uncertainty unnecessarily.
For Sen. Richard Gordon, Duterte is clever and unorthodox in his foreign policy.
“He (Duterte) obviously made other world leaders listen and make things happen,” Gordon said. 

(SOURCES:PhilstarINQUIRER.PH)




















©2016 THOUGHTSKOTO