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                    [AuthorName] => Ma. Elisa Osorio 
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                    [Title] => DTI head urges Shimao Group to seek RP partner
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The Shimao Group, the Chinese investor who vowed to invest $4 billion in the Philippines, should look for a local partner to avoid the trouble of going through a public bidding, Trade and Industry (DTI) Secretary Peter B. Favila said.


In an interview, Favila said the Shimao Group plans to build high-end hotels and residential properties in Bases Conversion Development Authority (BCDA) properties located in Fort Bonifacio including the 35.5-hectare Jusmag property by this month when President Arroyo visits China.


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                    [Title] => Chinese mogul to invest up to $4B in RP
                    [Summary] => 





China’s second richest man has decided to invest between $2 billion to $4 billion in the Philippines, primarily to develop high-end hotels and residential properties.


Trade Secretary Peter Favila said an agreement between the Shimao Group of China and the Bases Conversion Development Authority (BCDA) would be signed today to pave the way for the multi-billion dollar investment.


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SHIMAO

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                    [Title] => DTI head urges Shimao Group to seek RP partner
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The Shimao Group, the Chinese investor who vowed to invest $4 billion in the Philippines, should look for a local partner to avoid the trouble of going through a public bidding, Trade and Industry (DTI) Secretary Peter B. Favila said.


In an interview, Favila said the Shimao Group plans to build high-end hotels and residential properties in Bases Conversion Development Authority (BCDA) properties located in Fort Bonifacio including the 35.5-hectare Jusmag property by this month when President Arroyo visits China.


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                    [ArticleID] => 390706
                    [Title] => Chinese mogul to invest up to $4B in RP
                    [Summary] => 





China’s second richest man has decided to invest between $2 billion to $4 billion in the Philippines, primarily to develop high-end hotels and residential properties.


Trade Secretary Peter Favila said an agreement between the Shimao Group of China and the Bases Conversion Development Authority (BCDA) would be signed today to pave the way for the multi-billion dollar investment.


                    [DatePublished] => 2007-03-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1500820
                    [AuthorName] => Marvin Sy

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abtest

Shimao eyes other sites for its $4-B investment

By Ma. Elisa Osorio  | May 12, 2008 - 12:00am

Business

$2-B investment pasalubong ni GMA

April 2, 2008 - 12:00am

Bansa

Is Shimao Group moving hotel proj to Malaysia?

By Ma. Elisa Osorio  | March 24, 2008 - 12:00am

Business

Shimao Group submits $4-B offer to develop Ft Boni portion

By Ma. Elisa Osorio  | December 31, 2007 - 12:00am

Business

China’s 2nd richest man investing up to $4 billion in RP

By Marvin Sy | October 5, 2007 - 12:00am

Headlines

DTI head urges Shimao Group to seek RP partner

By Ma. Elisa Osorio  | April 4, 2007 - 12:00am

The Shimao Group, the Chinese investor who vowed to invest $4 billion in the Philippines, should look for a local partner to avoid the trouble of going through a public bidding, Trade and Industry (DTI)...

Business

Chinese mogul to invest up to $4B in RP

By Marvin Sy | March 22, 2007 - 12:00am

China’s second richest man has decided to invest between $2 billion to $4 billion in the Philippines, primarily to develop high-end hotels and residential...

Business