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AFAB signs up 2 Chinese firms

MANILA, Philippines -  Two Chinese firms have entered into a partnership with the Authority of the Freeport Area of Bataan (AFAB) and the provincial governme.....»»

Category: financeSource: philstar philstarApr 1st, 2017

Chinese delegation expresses interest in PHL investment

CHINESE firms are demonstrating increased interest in doing business in the Philippines due to the growing economy, the Department of Finance (DoF) said. In a statement, the DoF said that the All-China Federation of Commerce and Industry (ACFCI) expressed interest in a meeting with Finance Secretary Carlos G. Dominguez III on May 24. “I bring […] The post Chinese delegation expresses interest in PHL investment appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 27th, 2018

BoI: Chinese firms bullish on investing

Chinese companies remain upbeat about investing in the Philippines with a 30-man delegation recently in the country to scout for opportunities, the Board of Investments said on Friday. The Chinese delegation, led by Director Wang Kewen of the China Overseas Development Association (CODA), was said to be interested in the infrastructure, energy, industrial parks and [...] The post BoI: Chinese firms bullish on investing appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 26th, 2018

2 Chinese firms deserve 2nd chance — Roque

MALACAÑANG yesterday downplayed concerns over the possible involvement in Marawi rehabilitation of two Chinese firms blacklisted by the World Bank for corrupt practices. Presidential spokesperson Harry Roque said the companies in question — China State Construction Engineering Corporation (CSCEC) and China Geo-Engineering Corporation (CGC) — deserve a second chance in….....»»

Category: newsSource:  journalRelated NewsMay 24th, 2018

‘2 blacklisted China firms deserve second chance’

Government officials defended yesterday the two Chinese firms that are part of a consortium rebuilding war-torn Marawi City, saying their blacklisting by the World Bank had been lifted and they deserved “a second chance.”.....»»

Category: newsSource:  philstarRelated NewsMay 24th, 2018

Roque on blacklisted Chinese firms, PH in competitive rankings, House on BBL | Evening wRap

Today on Rappler: Presidential Spokesperson Harry Roque downplays concerns over the possible involvement in Marawi rehabilitation of two Chinese firms blacklisted by the World Bank for corrupt practices.  The Philippines drops 9 notches to 50th spot out of 63 economies in this year’s World Competitiveness Yearbook rankings of the International ........»»

Category: newsSource:  rapplerRelated NewsMay 24th, 2018

Alejano: Why are firms blacklisted by World Bank in Marawi rehab?

An opposition lawmaker on Thursday slammed the inclusion of two Chinese firms in the consortium that would handle reconstruction efforts in a southern Philippine city ravaged by war a year ago......»»

Category: newsSource:  philstarRelated NewsMay 24th, 2018

Palace: Blacklisted Chinese firms deserve a chance

The two Chinese companies previously blacklisted by the World Bank for corrupt practice deserve a second chance, Malacañang said......»»

Category: newsSource:  philstarRelated NewsMay 24th, 2018

The long and troubled road to healing Marawi

With government's tapping of Chinese firms questioned by the World Bank and potential conflicts of interests, helping Marawi back on its feet is proving to be a more brutal ordeal......»»

Category: newsSource:  interaksyonRelated NewsMay 23rd, 2018

China firms in Marawi rehab once blacklisted by World Bank

MANILA, Philippines – Two Chinese companies poised to win a P17.2-billion contract to rehabilitate the former battle area in Marawi City were once blacklisted by the World Bank over corrupt practices in the Philippines. China State Construction Engineering Corporation (CSCEC) and China Geo Engineering Corporation (CGC) allegedly colluded with ........»»

Category: newsSource:  rapplerRelated NewsMay 14th, 2018

ZTE woes loom as trade tensions rise

WASHINGTON — With a major Chinese smartphone maker on the rocks following US sanctions, the trade spat between Washington and Beijing appears to be taking a turn for the worse for tech firms in the two global economic powerhouses. Chinese telecom giant ZTE said in the past week its major operations had “ceased” following last […] The post ZTE woes loom as trade tensions rise appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 13th, 2018

UBS looks to acquire controlling stake in China joint venture

UBS GROUP AG submitted an application to acquire a majority stake in its Chinese securities venture, becoming the first global bank to take advantage of Beijing’s latest commitment to open its financial markets to foreign firms. The China Securities Regulatory Commission received the application from the Zurich-based bank on Tuesday, according to a statement on […] The post UBS looks to acquire controlling stake in China joint venture appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 3rd, 2018

DPWH inks P5.27 B bridge contract with China firms

The Department of Public Works and Highways (DPWH) has signed a contract worth P5.27 billion (643.458 million Chinese yuan) with Chinese firms CCCC Highway Consultant Ltd. and China Road and Bridge Corp. for two bridge projects......»»

Category: financeSource:  philstarRelated NewsApr 29th, 2018

DPWH, Chinese firms sign contract for 2 Pasig River bridges

MANILA, Philippines – The Department of Public Works and Highways (DPWH) and two Chinese firms signed a contract on Friday, April 27, to implement two bridge projects along the Pasig River. The contract, worth ¥643.458 million or around P5.27 billion, is for the survey, design, and construction of the Binondo-Intramuros ........»»

Category: newsSource:  rapplerRelated NewsApr 28th, 2018

China s men only job culture slammed in new report

HONG KONG – Leading Chinese firms including e-commerce giant Alibaba were heavily criticized Monday, April 23, for gender discrimination in job adverts in a new report which said the landscape for the female workforce in China was deteriorating. The report by campaign group Human Rights Watch, entitled "Only Men Need Apply: ........»»

Category: newsSource:  rapplerRelated NewsApr 23rd, 2018

Real estate developers cite China factor behind rising condo demand

By Krista A. M. Montealegre National Correspondent CHINESE nationals are adding fuel to residential condominium demand, as property developers look to add record new supply in Metro Manila this year. Real estate firms Ayala Land, Inc.; DMCI Project Developers, Inc. and D.M. Wenceslao & Associates, Inc. are seeing a shift in demand on higher sales […] The post Real estate developers cite China factor behind rising condo demand appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 10th, 2018

Chinese firms join rebuilding of Marawi

A consortium of Chinese and Filipino companies has been chosen by the government as the potential developer to lead the rebuilding of war-torn Marawi City, an official of the Task Force Bangon Marawi (TFBM) said. In a telephone interview on Tuesday, Eduardo del Rosario, TFBM chair, said the task force would hold negotiations with the Bangon Marawi Consortium (BMC), composed of five Chinese and four Filipino firms, to determine the terms of reference, hammer out the details of the reconstruction program and set the final project cost. Rubble Most of Marawi City was reduced to rubble by five months of fighting between government forces and Islamic State-allied militants who la...Keep on reading: Chinese firms join rebuilding of Marawi.....»»

Category: newsSource:  inquirerRelated NewsApr 3rd, 2018

Del Rosario names 9 members of China-Ph consortium that will build the “new Marawi”

DAVAO CITY (MindaNews / 02 April 2018) — The chair of Task Force Bangon Marawi (TFBM) has named the nine firms — five Chinese and four Filipino — comprising the Bagong Marawi Consortium that will build the “new Marawi” within the 250-hectare Ground Zero, the former main battle area during the five-month siege, now referred […] The post Del Rosario names 9 members of China-Ph consortium that will build the “new Marawi” appeared first on MindaNews......»»

Category: newsSource:  mindanewsRelated NewsApr 2nd, 2018

China-Ph consortium to build “new Marawi”

DAVAO CITY (MindaNews / 01 April) — A consortium of Chinese and Filipino firms will build the “new Marawi” within the 250-hectare Ground Zero, the former Main Battle Area in the five-month siege last year, now referred to as Most Affected Area (MAA). The proposal of Bagong Marawi Consortium, composed of five Chinese and four […] The post China-Ph consortium to build “new Marawi” appeared first on MindaNews......»»

Category: newsSource:  mindanewsRelated NewsApr 1st, 2018

US wants China to cut auto tariffs, buy more chips

WASHINGTON/BEIJING — Top Trump administration officials are asking China to cut tariffs on imported cars, allow foreign majority ownership of financial services firms and buy more US-made semiconductors in negotiations to avoid plans to slap tariffs on a host of Chinese goods and a potential trade war. A person familiar with the discussions said these […] The post US wants China to cut auto tariffs, buy more chips appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 28th, 2018

US sends China to-do list to narrow trade gap

BEIJING — The US asked China in a letter last week to cut the tariff on US autos, buy more US-made semiconductors and give US firms greater access to the Chinese financial sector, the Wall Street Journal reported on Monday, citing unnamed sources. Alarm over a possible trade war between the world’s two largest economies […] The post US sends China to-do list to narrow trade gap appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 26th, 2018