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Friday, April 26, 2024

Cabinet to seal $15-b projects

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The economic team of President Rodrigo Duterte will fly to China this week to finalize the details of $15 billion worth of economic deals and investment commitments forged between Manila and Beijing during Duterte’s state visit to Beijing in October last year.

Finance Secretary Carlos Dominguez III, Budget Secretary Benjamin Diokno, Transportation Secretary Arthur Tugade,  Public Works Secretary Mark Villar and Economic Secretary Ernesto Pernia will lead the Philippine delegation to China on Jan. 23 to 24.

The Philippine officials are due to hold separate meetings with China Vice Premier Wang Yang, Commerce Minister Gao Hucheng and  National Development and Reform Commission chairman Xu Shaoshi. 

They also plan to meet top officials of the China Investment Corp. 

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