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Chinese bizmen eye manufacturers in BARMM
- Source:https://www.pna.gov.ph/articles/1074823
- Monday, July 15, 2019
- By Christine Cudis (PNA)
MANILA -- A 10-man delegation from China arrived in Cotabato City on Friday to look for investment opportunities and also to support the development of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).
In an interview with Philippine News Agency, head of delegation Peter Tiu Laviña said the investors are eyeing the Polloc Freeport in Parang, Maguindanao as a possible hub for various manufacturing activities.
“One is interested to put up a plastic pellet processing plant for export,” Lavina added.
Lavina also shared that the proposed PHP200 million business venture at the Polloc Freeport can employ 100 workers. Officials of BARMM's Bureau of Investment added that this is just for the first phase of the development.
In her official letter, Director of Reliable Global Business Partners, Inc. Mafee Cai responded to BARMM Chair and Chief Minister Al-Hajj Murad Ebrahim’s request to explore investment opportunities in the region.
“In response to your vision for a peaceful and progressive BARMM and to heed the call of President Rodrigo Duterte for support in its development, we are happy to send you an initial trade delegation in your area,” Cai’s letter said.
The delegation included Ma Jiansheng, Chair for Shenzhen Xinyuhao Electronic Technology Co., Ltd; Shi Jintian, Director for Bailiansheng Plastic Products Co., Ltd; Lin Yongquan, Vice Chair and CEO of Shenzen Qiaoguang Technology; Lin Haifeng, Director for Shenzen Qiaguang Technology; ChongGuofan, Executive Director for Dongguan Jinglong Wine Co.; Cai Chuangcheng, Sales Director for Yujicheng Medical Devices Co.; and Zhang Jinguang, Director for Shenzen Qiaguang Technology.
Delegates from Manila, including Cai and Reliable Global Business Partners Executive Director Ana Li, also accompanied the Chinese business group.
Meantime, the Italian government earlier expressed interest in funding development programs for farming and fisheries in the Bangsamoro Region, as well as the construction of rural roads and even river dredging.