Bilyonaryo - Food & Nature

Fil-Chinese, Davao biz chambers eye P110B yearly durian exports to China

January 15, 2023

Bilyonaryo.com

Filipino businessmen are smelling huge profits in the coming months after the Philippines and China signed an agreement for exporting durian.

Both the Durian Industry Association of Davao City (DIADC) and the Filipino Chinese Chambers of Commerce & Industry, Inc. (FFCCCII) said they expect to send P8.24 billion worth of the fruit to Beijing in the first year of what they call the era of “durian diplomacy.”

In succeeding years, the two business groups expect the value of durian exports to reach P110 billion, or half of what Thailand currently supplies to China.

“We the Philippines should export more to China, attract more of their affluent Chinese tourists, we need to compete with our Asean and Asian neighbors for the vast China market,” FFCCCII President Dr. Henry Lim Bon Liong said.

Related News Tags: China, durian, Durian Industry Association of Davao City, Filipino Chinese Chambers of Commerce & Industry, Inc., Philippines, smelling huge profits

UK retail giant Tesco to axe over 2,000 jobs

Supermarket group Tesco, the biggest retailer in Britain, announced Tuesday plans to slash about 2,100 jobs, as sky-high inflation hikes costs.

McDonald’s profits rise as consumers seek value

McDonald’s reported Tuesday a jump in fourth-quarter profits following higher sales in most markets, scoring with consumers worried about inflation.

US sets up new panel on dairy trade complaint against Canada

The United States announced Tuesday it is once again turning to a dispute settlement panel in its challenge to Canada’s dairy import policies, which Washington says undermine market access that Ottawa agreed to provide.

Trees could cut urban heatwave mortality by a third: study

Planting more trees in urban areas to lower summertime temperatures could decrease deaths directly linked to hot weather and heatwaves by a third, researchers said Wednesday.

Politics, cash, fame: what motivates climate change deniers

Right-wing ideologues funded by fossil fuels, fame-seeking narcissists and doubt mongers monetising their content are pushing climate disinformation that undermines the fight against global warming, researchers say.

UK retail giant Tesco to axe over 2,000 jobs

McDonald’s profits rise as consumers seek value

US sets up new panel on dairy trade complaint against Canada

Trees could cut urban heatwave mortality by a third: study

Politics, cash, fame: what motivates climate change deniers

Court cuts tax evasion fine for Philip Morris

Sweeten your Valentines with edible bouquets from Spiral

Eye-watering onion prices make Philippine staple a luxury

Missing mojos? Shakey’s teases return of trademark treat

Recommended from

→ Abogado
Authorities verifying identity of mastermind giving robbery orders in Japan – Clavano

→ Abogado
Line by line dapat! Pimentel says Maharlika fund bill should be studied to the littlest detail

→ Politiko
Marcos urges Chinese construction firm to boost green investment

→ Politiko
House OKs Enterprise Productivity bill on second reading

→ Bankero
New disaster premiums delayed until IC completes public consultations

Usapang Bilyonaryo by Ces Drilon

“Usapang Bilyonaryo” is a digital-first, hybrid magazine show hosted and produced by veteran broadcast journalist Ces Oreña-Drilon in cooperation with the Bilyonaryo.com team. The 30-minute TV cut airs on CNN Philippines at 8 PM every Monday, starting January 16. The full version or producer’s cut of each episode, as well as interview splices, will be posted on Bilyonaryo.com’s Youtube and Facebook accounts.