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Duterte returns home

BEIJING, China – The Philippines has secured around $24-billion worth of investments and credit facilities to cap President Duterte’s “highly successful” four-day state visit to China.

The influx of Chinese investments to the Philippines on renewable energy, transportation network, and manufacturing, among others, is expected to generate more than two million jobs in the next five years, Trade and Industry Secretary Ramon Lopez.

“The latest amount being formed now in terms of investments and credit facilities opened is $24 billion,” Lopez said in a media interview in Beijing, a few hours before the President returned to the country.

Of the bagful of investments, Lopez said around $15 billion involves private business deals between Filipino and Chinese firms while $9 billion covers credit facilities to be made available for development projects and other businesses.

The investments “cut across different industries – agriculture, renewable energy, tourism, food, manufacturing, telecommunications, infrastructure,” Lopez said.

The bagful of investments came after Duterte and Chinese President Xi Jinping agreed to forge stronger closer diplomatic and economic cooperation despite a lingering maritime conflict.

The two leaders met last Thursday at the Great Hall of the People where they witnessed the signing of 13 cooperation agreements on various fields. An agreement was also reached to resume bilateral consultations on the proper resolution of the territorial dispute in the South China Sea. (GENALYN D. KABILING)

comments
  • Ellie Maggie

    Welcome Home Mr. President!!! Excited na akong marinig ang mga bagong goodnews na dala nyo Tatay Digong

  • Joseph Lunas

    Alam ko sa pagbabalik mo dito President Digong, dala dala mo na ang mga goodnews na kailangan. Kudos sayo President Duterte

  • Miguel Rascal

    Ang pagbabalik nang wlang hiyang presidente!!!

    • Dexter Mali

      ikaw ang tunay na walang hiya1!!!

    • jessie

      mas nakakahiya ka

  • Emily Perry

    Babalik na ang ating hero! Welcome back President Duterte. maraming biyaya ang dala mo para sa bayan.

  • mariza p

    the return of the come back w/ the news in his back,…

  • boknoy delarosa

    welcome back mr.presdent na wlang kwenta.

    • beverlygo

      mas walang kwenta kayo po! gumagalang lang po!

    • gabriela yumu

      tama diretso sa kulungan

    • albert magallon

      kung ayaw mo sa president wag mo.hindi mo ba nkikita na ang good news dala nya.

    • jonathan cruz

      mas wala kang kwenta.haha!

  • bert arispe

    maligayang pagbabalik mahal na president

  • macyvi

    jacpot ang pasalubong 24B, para sa ikauunlad ng bansa

  • chard malto

    maraming dlang magandang balita ang pangulo para saatin.

  • ruel ais

    mukhang aasenso na tyo talaga sa dami mong dala magandang balita

  • peter

    ito na ang simula ng pag unlad ng pinas,think positive lang dapat.

  • a_ron

    suportahan natin si Pdu30 sa pag gawa nya ng paraan para maayos ang kanyang nasasakupan.

  • sandro

    positibo ang dala ni digong sa ating bansa galing china.

  • vrixatot

    isang magandang regalo sa ating bansa ang resulta ng pagpunta ng pangulo sa china

  • benjiepaz

    simula na talaga nmg tunay na pagbabago

  • amsterrock

    isang napakagandang balita ang dala ng pangulo galing china

  • clarvzymuch

    ayan na simula na ng bangongot!