Five Chinese companies are ready to invest $10bn in the Philippines, including into the shipyard industry.
The country's board of investments (BOI) said cash could be pumped into shipbuilding, renewables, oil, iron and steel and aviation, the PhilStar website reported.
The companies involved are Aviation Industry Corp, Liaoning Bora Enterprise Group, Huili Investment Fund Management, Dalian Wanyang Heavy Industries and YiDingTai (YDT) International.
BOI
