Published on January 9, 2018

The Philippines continues to get business intents and development projects from large companies based in China.

In a recent meeting between Department of Trade and Industry (DTI) Secretary Ramon Lopez and Handi Group President Hanling Wu, they discussed possibility of investments of the company in a petroleum refining and petrochemical manufacturing facility in the country.

We welcome business intentions to strengthen our petrochemical industry, which the government actively supports. They expressed strong confidence on the business environment stability during the Duterte administration, said Sec. Lopez.

Handi Group is one of the largest and advanced private specialty oil producers in China. The conglomerate is based in Hainan Province and engages in multiple industries, including oil refinery, chemical industry, trading, investment, and financing.