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TheFishSite Latest News
Thursday, August 10, 2006
Print This Page Chinese firms to invest in Philippine aquaculture
CHINA - Investors from China's Shandong province have decided to invest in aquaculture projects in the Philippines after a group of them visited recently, House Speaker Jose de Venecia said (Aug 9).
De Venecia, said Shandong officials planned to invest in fish farming, deep-sea operations, boat building, feed mills, a fish processing plant, and cold storage facilities.
He said fish cages would be established in the provinces of Pangasinan, Palawan and Davao and in the islands of Samar, Leyte and Panay.
The Chinese investors have also been asked to invest in developing and modernising the production capacity of fishponds in the Pangasinan region by farming white shrimps and tiger prawns with milkfish, De Venecia said.
For information on this and other China market reports by eFeedLink, e-mail productinquiry@efeedlink.com
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