Letters of Intent

President Rodrigo Roa Duterte and members of his delegation, including his daughter, Davao City Mayor Sara Duterte, witness the signing of Business Letters of Intent at the Golden Coast Hotel in Boao, Hainan Provnce, People’s Republic of China on April 10, 2018. The signing of the business agreements between various companies from the Philippines and China would pave the way for the entry of around $9-bilion worth of investment and could employ around 10,000 workers. RICHARD MADELO/PRESIDENTIAL PHOTO