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PIA Press Release
2006/10/31

Commentary: PGMA's visit opens more China-RP economic ties

Negros Occidental (31 October) -- The recent visit of President Gloria Macapagal Arroyo in China opens more economic ties with the country as the president welcomes the pledge of a top Chinese official of more investments in the Philippines.

A Memorandum of Agreement was also signed paving the way for the establishment of not just one but two ethanol plants in this province. 20 million dollars ethanol plants will soon rise in the province as soon as concrete plans are laid put between the Philippines and China.

The signing elated the local businessmen headed by Metro Bacolod Chamber of Commerce and Industry President Roberto Montelibano as this will mean job and business opportunities for the province and the Negrenses.

Aurelio Lacson, representative of the Negros Southern Integrated Biofuels Company said that the proposed ethanol plants in Murcia and Dacongcogon Sugar Central in the south will bring in an estimated of 5,000 jobs outside each plants and 1,000 jobs inside each plants.

Such development is welcomed by the Negrenses who can only hope the implementation of the agreement will take effect soon.

Meng Jianzhu, secretary of the Communist Party of China-Jiangxi Provincial Committee and chairman of the Standing Committee of the Jiangxi Provincial People's Congress expressed to President Arroyo that he is confident that with President Arroyo's leadership as Chair of the Association of Southeast Asian Nations (Asean) Summit in Cebu City in December, relations between Asean and China will be "lifted to new heights."

President Arroyo's trip continues to bring economic gains for the country and she is expected to raise in her meetings the growing concerns over the North Korea issue and the drive against terror in this part of the world which demand a more unified East Asia in the field of security.

The government maintains that greater security means broader trade and a stronger fight against poverty among all the nations. (PIA/EAD) [top]

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