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Chinese firms to invest in Philippine aquaculture

by the Fish Site Editor
10 August 2006, at 1:00am

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).

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). Take me to eFeedLink

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.

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the Fish Site Editor