Marcos and Chinese companies

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What will the President do about a huge Chinese company and its subsidiaries that are doing business in the Philippines but have undermined our country’s national security and committed fraud in a national project?

China Communications Construction Company , the firm that has been in the spotlight recently for its involvement in theCCCC is a massive state-owned enterprise that engages in infrastructure and dredging businesses, among others. It is headquartered in Beijing and, according to, the company “takes advantage of its close ties with the Chinese government…to make a foray into overseas markets.

is a joint venture partner of the Waterfront Manila Premier Development Incorporated, led by William Gatchalian, which was given the green light to reclaim 318 hectares of foreshore and offshore areas in Manila Bay until theChina Harbour Engineering Corporation has been contracted by SM Prime Holdings to build three artificial islands in Manila Bay. In another project, CHEC is one of the companies that make up Pasay Harbor City Corporation, the joint venture partner of Pasay City, which has started to reclaim 265 hectares. A Davao-based construction firm, Uticon Builders, Dennis Uy’s Udenna Development Corporation, and CHEC formed PHCC but Udenna eventually assigned its shares to Ulticon Builders.

 

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