FIVE Chinese companies intend to invest a combined $10.3 billion in the Philippines, a Trade official said on Friday.
The companies have submitted letters of intent (LoI) to the Board of Investments (BoI), signifying keen interest in exploring business opportunities aviation, oil downstream, renewable energy, iron and steel and shipbuilding and ship repair industries, Trade Undersecretary for Industry Development and BoI Managing Head Ceferino Rodolfo said.
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