Potential Chinese investments in Philippine economic zones are expected to amount to $360 million, the Philippine Economic Zone Authority said Friday. Peza director general Charito Plaza said during the Maritime Silkroad China -Philippines Business Opportunities Matching Conference in Manila the investment proposal came from China’s biggest economic zone developer, Xu Liang Dragon Group. The proposed zone will be a mixed-used area that will be home to agriculture, tourism, renewable energy and cement companies. Xu Liang is an investor brokered by former House Speaker Joe de Venecia, said Plaza. The biggest investors in economic zones are the Japanese, accounting for 30 percent of the total investments.

Source: The Standard July 07, 2017 11:48 UTC