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Article: BUSINESS IN ASIA TODAY - JUNE 19, 2007.
- Article from:
- AsiaPulse News
- Article date:
- June 19, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business in Asia on June 19, 2007. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:
CHINESE SHIPPING GIANT TO INVEST US$3 BLN IN PHILIPPINES
MANILA - China Ocean Shipping (Group) Company (COSCO) is pouring US$3 billion into a shipping complex development project in Sangley Point, Cavite which the company eyes as its main hub in the Southeast Asian region. Philippine President Gloria Macapagal-Arroyo was informed on the new Chinese investment by COSCO president and chief executive officer Wei Jia Fu during a courtesy call in Philippine ...