Caraga leaders and businessmen eagerly await Chinese investment
BUTUAN CITY – Businessmen and officials in Agusan del Sur and Surigao del Sur provinces are eagerly awaiting the influx of Chinese investment to boost local economic development.
Agusan del Sur Governor Santiago Cane Jr. expressed optimism that the recent visit to the region by Chinese diplomats and businessmen has sparked their interest in doing business in his province.
Cane said he looked forward to when Agusan del Sur would be effectively connected to the bigger market through Chinese businessmen.
Chinese Consul General Li Lin, along with several business executives, made a two-day trip to Agusan del Sur and Surigao del Sur from July 12 to discuss opportunities for trade and economic cooperation.
Lin said the trip was at the request of Bislig City Mayor Florencio Garay and Surigao del Sur Provincial Council Member Conrad Cejoco “to further discuss economic cooperation and friendly exchanges, and , hopefully looking at business opportunities and socio-economic developments.”
“Although it was just a quick visit, we managed to meet local authorities, the local chamber of commerce and we also met local business people and hopefully strengthened cooperation with our two governments. “, said Lin.
Lin added that they found great potential for cooperation between China and the southern part of the country, especially with the improvement of the peace and order situation.
During their stopover in Tagbina, Surigao del Sur, information technology company Huawei signed a partnership agreement with North Eastern Mindanao State University to train and develop talent in information and communications technology.
According to Chen Shihao, representative of Huawei Philippines in Mindanao, they are looking for other potential partners for the program in other schools in the Caraga region.
Nelson V. Chua, chairman of Golden Dynasty Motors Inc (GDMI), which also exports bananas, said there is great potential for growth in the region with the entry of Chinese investment.
“We have seen how industries and the whole business sector have been affected during the pandemic. Hopefully with this visit we can find better ways to connect and bond with potential partners,” Chua said.
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