PNoy’s trip to China will cost P25M

PNoy’s trip to China will cost P25M
abs-cbnNEWS.com
Posted at 08/30/2011 2:04 PM | Updated as of 08/30/2011 4:49 PM

MANILA, Philippines – President Benigno Aquino’s five-day state visit to China will cost P25 million, according to Executive Secretary Paquito N. Ochoa Jr.

In a statement, Ochoa said Aquino’s trip will be focused on expanding trade and investments with the world’s second largest economy.

“The primary objective of the President’s visit is to further strengthen bilateral ties between the Philippines and China, especially in the aspect of trade and commerce,” Ochoa said.

The P25-million budget includes expenses for the special commercial flight, hotel accommodations, food, transportation, telecommunications and equipment requirements during the state visit.

The President is leaving Tuesday night via a special commercial flight to China, with Foreign Secretary Albert Del Rosario, Trade and Industry Secretary Gregory Domingo, Finance Secretary Cesar Purisima, and Energy Secretary Rene Almendras.

Some 200 businessmen from top Philippine companies are also accompanying Aquino, in hopes of clinching major investment deals.

Aquino will be making stops in Beijing, Shanghai and Xiamen during his stay in China from August 30 to September 3.

 

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