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Chinese firms invest in Philippine fishery

THE PHILIPPINES - Investors from China&#39;s Shandong province have decided to put money in fishery-related projects in the Philippines, House Speaker Jose de Venecia said.</b> <br><br> De Venecia, who hosted 15 Chinese investors here recently, said Shandong officials planned to invest in fish farming, deep-sea operations, boat building, feed mills, a fish processing plant, and cold storage facilities. <br><br> He said fish cages would be established in the provinces of Pangasinan, Palawan and Davao and in the islands of Samar, Leyte and Panay. <br><br> &quot;I also asked them to invest in developing and modernizing the production capacity of the 250,000 hectares of fishponds in Pangasinan by [culturing] white shrimps and tiger prawns with &#39;bangus&#39; [milkfish],&quot; said the Speaker, a native of this province. <br><br> <i>Source: Inq7</i>

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