PBBM meets with US, Chinese biz leaders

President

Ferdinand R. Marcos Jr. on Monday met with business leaders from China and the United States to discuss investments and other partnerships.

In a news release, the Presidential Communications Office (PCO) said officials of China Communications Construction Co. Ltd (CCCC), a Chinese stateowned enterprise, paid courtesy call on Marcos at Malacañan Palace and committed to more investments following the President’s state visit earlier this month.

“…Officials of the China Communications Construction Co. Ltd proposed the construction of the 270km Laoag City-Rosario City Highway Project and the introduction of China’s Juncao technology to the Philippines,” the PCO said.

The CCCC proposed to build a Juncao Technology Demonstration Center and a Juncao Industrial Park for Juncao grass cultivation and processing.

Juncao is a hybrid of the Giant Napier Grass developed by the Fujian Agriculture and Forest University from eight different types of grass through tissue culture.

The proposed Juncao technology project, once approved, will be funded through Chinese foreign aid.

CCCC officials also updated Marcos on their ongoing infrastructure projects in the Philippines, including the Samal Island-Davao City Connector

Project and North & South Harbor Bridge, among others.

Marcos, meanwhile, reiterated the importance of public-private partnerships (PPPs) as a “central part” of his government’s economic policy.

“It can be of any nature – commercial venture or joint venture with a local partner. Of course, the PPP, where you have partnership with government, even G2G -- government-to-government arrangements -- are also something that we have