China, PH mull ecozone cooperation BEIJING (Reuters) – China and Philippines were discussing the possibility of establishing an economic cooperation zone in the Philippines, China’s Ministry of Commerce said on Thursday. China would encourage Chinese firms to further invest in the Philippines, the commerce ministry spokesman Sun Jiwen said in a press briefing in Beijing. He also said China was willing to expand imports from the Philippines, especially in agriculture. No urgent need for rice imports – NEDA The Philippines has no urgent need to import more rice, the deputy head of the country’s economic planning agency said, despite concerns about a production shortage as a result of typhoons last month. Rose Edillon’s comment comes after the Philippine Statistics Authority said paddy rice output from this year would be 1.3 percent lower than a 2015 harvest. The Philippines is one of the world’s largest rice importers. The Philippines’ National Food Authority last month indicated it could buy 250,000 tonnes of rice to boost buffer stocks on top of the 250,000 tons it purchased from Vietnam and Thailand. Bidding for P50-B prison project deferred Bidding for the P50.2 Billion Regional Prison Facilities Public Private Partnership (PPP) project has been pushed back… Read full this story
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