China energy investors show interest in Philippine market

China energy investors show interest in Philippine market

The Philippines' Department of Trade and Industry (DTI) announced that a
China-based business group has manifested interest in investing in the
energy sector in the Philippines.

The Wenzhou Chamber of Commerce is a group of investors in the Fengxian
District in Shanghai, China. Most of them are operating enterprises in
electric wires, cables, power transformers, transmissions, intelligence
equipment and electric distribution.

The Philippines, especially the Southern region, has been experiencing
sporadic power interruption lasting for hours. The series of interruption
kept the power in the Southern Philippines unstable despite the high cost of
electricity compared with other ASEAN neighbours.

However, DTI further said that the Chinese investors have initially
manifested to inquire on how to set up factories in the Philippines given
the strategic location of the country, cheap labour cost and promising
economy.

Trade Undersecretary Ceferino Rodolfo also said that with the influx of many
Asian investors showing interest in the Philippines, he is confident that
the country will continue to outperform its neighbours in Southeast Asia as
a result of its sound economic fundamentals.

The recent influx of Chinese investments to the Philippines kept growing as
a result of the flourishing trade relations between the two countries.
Moreover, Philippine President Rodrigo Duterte also adopted a foreign policy
to establish closer relations with Asian neighbours.

Aside from the heavy investments, the Philippine embassy to China also
announced that the country is expecting one million tourists influx in the
next few years that will boost the country's rural economy.

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Link to Original Article:
http://www.ibtimes.sg/china-energy-investors-show-interest-philippine-market
-13226

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com