Duterte Visit China For One (1) Trillion Pesos of Investments & Credit Facilities from China

One (1) Trillion Investments and Credit Facilities is Expected after President Duterte Visited China

Philippines is expected to bring home $24 Billion or PHP 1-Trillion from four-day state visit of President Rodrigo Duterte in China.

This was confirmed by Trade Secretary Ramon Lopez on Friday.

“Iyong bagong number na nabubuo ngayon, in terms of investments and credit facilities opened, $24 billion – $15 billion noon are investments and iyong $9 billion will be in the form of credit facilities,” he told reporters in an interview in Beijing.

“Iyong private-to-private, iyon ang $15 billion. And about $4 billion are MOUs[memoranda of understanding] to be signed later today,” he added.

This investment would estimately give two million jobs in the Philippines.

Netizens were happy that President Duterte’s visit gave a positive result.

This is also a good sign of a progressive development of economy from the Philippines, and it was really good in terms of industrial, Technology, Military Defense, Entrepreneur and Productivity.