A company from Wuhan, China is coming to the country to set up its facility here.
This investment shows the continued interest of Chinese investors in the Philippines, Trade Undersecretary Ceferino Rodolfo, who is also the managing head of Board of Investments (BOI), said.
“There’s a company from Wuhan that is going here. It’s in the area of telecommunication infrastructure,” he said.
He did not name the company as well as the amount of its investment.
He said the Wuhan firm will not only concentrate on providing telecommunication services and infrastructure in the Philippines, but making the country its hub for its other projects in Asia.
“(It’s) more of training more Filipino workers so that we could be their hub in terms of implementing their infrastructure projects in Asean and in Asia.
Large part of it is because of our workers’ capabilities and also our fluency in English. So it’s very easy for us to go around Asia and implement their projects,” Rodolfo added.