Chinese firms remain bullish on PH investment prospects. Chinese companies remain upbeat on Philippine investment prospects as a 30-man delegation was recently in the country for an investment mission. Led by Director Wang Kewen of the China Overseas Development Association (CODA), the group explored possible investment opportunities in infrastructure, energy, industrial parks and building materials as well as discussed priority programs and projects of the Philippines under the bilateral cooperation programs with China. One of the highlights of the investment mission was the signing of a Letter of Intent (LOI) by Sun Zhongdi, Chairman of Zhongjiaotongli Construction Co., Ltd. (lower photo, seated right) who is interested to invest US$400M on a Davao infrastructure project. Trade Undersecretary Rowel Barba (lower photo, seated left) noted the LOI signing at the investments briefing facilitated by the Philippine Board of Investments (BOI). Upper photo shows Undersecretary Barba noting the LOI signed by Zhongjiaotongli Chairman Zhongdi while lower photo shows the two officials joined by (from left to right) BOI Director Angelica Cayas, Zhongjiaotongli Director Wang Kewen, and DTI Commercial Counselor Glenn Penarada after the LOI signing. BOI Infocomms