Cebu Pacific Back To Full Year Profit After Pandemic Losses

Cebu Pacific soars to new heights with Php 90.6 billion in revenue for 2023, marking a 60% increase from the previous year!

FDA DG Assists Small Businesses With BBMSME Program, Joins First Lady in Tuguegarao

Food and Drug Administration Director General Dr. Samuel Zacate partners with Tuguegarao Mayor to empower local entrepreneurs through Bigyan-Halaga, Bangon Micro, Medium and Small Enterprises program.

Tala’s Iona Inigo-Mayo Shares Its Empowerment On The Organization And Its Customers

Gender-inclusive workplaces drive success! Tala empowers women, fostering leadership & financial independence, transforming lives and communities globally.

HONOR PH Introduces HONOR X7b, Another High-Quality Phone Without Breaking Your Wallet

HONOR Philippines locally debuts the durable, budget-friendly HONOR X7b, boasting impressive features like extended battery life and superb display.

Chinese Firm Eyes USD200 Million E-Vehicle Plant In Bacolod City

0

Chinese Firm Eyes USD200 Million E-Vehicle Plant In Bacolod City

0

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

Officials of a Chinese company are visiting here to discuss their proposal to build a USD200-million electric (e)-vehicle manufacturing plant in the city, Mayor Alfredo Abelardo Benitez said on Thursday.

Officials of Jiangsu Fengchuen New Energy Power Technology Co. Ltd. came after the mayor announced last month their scheduled arrival, following initial discussions on the proposal when he was part of the Philippine delegation during the state visit of President Ferdinand R. Marcos Jr. to China.

“They arrived yesterday and we held our first meeting. They will continue their due diligence here,” the mayor told reporters.

Due diligence refers to the process of verification, investigation, or audit of a potential investment opportunity.

“They sounded really excited. I hope it would push through. They are talking, they want to make sure all bases are covered with such a big investment. One of things they are looking for, is a friendly LGU (local government unit),” he added.

Benitez had earlier said the firm, which is a collaboration between Chinese and Korean companies, has already identified Bacolod as their place of operations. (PNA)