Philippine Business News: China Firms Investing
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Share 0 More Next Blog» Create Blog Sign In Philippine Business News Sunday, January 28, 2007 Links China firms investing P9B Rex Crisostomo Google News MOST ARE JOINT VENT URES ON BIOET HANOL-MAKING Go Green Philippines By Jennif er A. Ng OFW News Reporter PC Tips and Tricks THE Philippines and China are set to sign around 20 economic agreements expected to bring Philippine Cooperative News in as much as P9 billion in additional foreign investments, notably joint ventures in the manufacture of bioethanol. Philippine Education News Agriculture Secretary Arthur C. Yap disclosed that the agreements will be signed by the Philippine Educational Technology Philippine and Chinese governments during the visit of Chinese officials led by Premier Wen Jia News Bao in Manila next week in time for the Leaders' Summit of the Association of Southeast Asian Nations (Asean) in Cebu. Philippine Financial News "Not all of the agreements that will be signed, however, will take effect this year," said Yap at Philippine Netpreneur the sidelines of a press briefing on the decision of the Department of Agriculture (DA) to lift the ban on the Pacific white shrimp variety. Philippine Technical News Based on documents provided by the DA, among the memoranda of agreement (MOA) to be Quotable Quotes signed include joint-venture agreements between local and Chinese companies to manufacture bioethanol, as well as an agreement to put up a bioethanol plant in Palawan. Labels The Palawan Bioenergy Development Corp. will sign an agreement with the China CAMC Engineering Co. Ltd. for the establishment of a 150,000-liter per day capacity bioethanol plant acquisition (1) in Palawan. IPO (1) The B.M. SB Integrated Biofuels Co., meanwhile, will sign a joint venture agreement (JVA) with Chinese firm Nanning Yongkai Industry Group for the manufacture of bioethanol. The same stock market (8) company will sign another JVA with the Negros Southern Integrated Biofuels Co. for the manufacture of bioethanol in Southern Negros. China CAMC Engineering Co. Ltd. and Nanning Yongkai are set to sign a JVA with One Cagayan Blog Archive Resource Development Inc. for the establishment of a 150,000-liter per day capacity ► 2011 (79) bioethanol plant at a still-undisclosed location. ► 2009 (235) Other MOAs for signing relate to a project for the joint development of renewable energy ▼ 2007 (248) sources, expansion of agriculture and fisheries cooperation, and the development of one million hectares of land for hybrid corn, hybrid rice and hybrid sorghum farming. ► December (12) ► April (100) The Philippines and China will also agree on the breeding and culture of grouper and other high-value fish species, commercialization of sweet corn, and the establishment of all-weather ▼ January (136) greenhouses for the production of flowers and off-season vegetables and fruits for export to Shares close higher on Japan, Hong Kong and Taiwan. approval of 2007 budget These agreements, the DA chief said, were secured by a Philippine business mission that went to China last November. BPI profit up 8% on non- interest gains Yap earlier revealed that the government also secured a $40-million commitment from the Stocks seen to Guangzhou Tianhe Yi Xin Fiber Product Co. Ltd., the largest buyer of coconut coir in China, to consolidate after import 100,000 metric tons (MT) of coco coir at $400 per MT. sharp price corre... The mission had also secured a deal with the China National Constructional and Agricultural Market seen to rebound Machinery Import and Export Corp. (CAMC) for the supply and installation of 100 mobile ice this week plants, 10 refrigerated vans and once central ice plant with surrounding satellite storages for STI plans to list here coastal fishing communities in the country. and abroad http://www.businessmirror.com.ph/01092007/headlines01.html Philippine stocks drop most in 8 mos.: Posted by Rex Crisostomo at 4:15 PM World's Big... 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