Thai agri firm announces US$500 million investment in Philippines
The company cited a US$2 billion medium-term investment goal
One of Thailand’s largest agricultural firms, Charoen Pokhand, announced Thursday a US$500 million investment in the Philippines, reports local media.
The announcement comes as Philippines President Rodrigo Duterte finishes a state visit to Thailand, during which the two leaders pledged to address the countries’ trade imbalance.
Charoen Pokhand already employs 2,000 people in the Philippines, and has expressed a medium-term investment goal for the country of US$2 billion.