Chinese largest contractor taps FMIC as RP consultant
- Darwin Pesco | Hazel Pilapil
- Feb 23, 2018
- 1 min read
China National Heavy Machinery Group (CHMC), one of the top construction engineering companies in China, has headed to First Metro Investment Corp., (FMIC) as its exclusive consultant in the country.
The investment banking arm of Metrobank will supply advisory services in connection to project makers and potential that can help CHMC in its business activities in the philippines.
According to FMIC, CHMC as the third largest contractor of power projects, targets to pat and aims to secure the areas of power, transportation, sewage and power supply, cement and mettalurgy rooted from the country's infrastracture sector.
The agreement between CHMC president Xiao Ping and FMIC president Rabboni Francis Arjonillo; FMIC will assist CHMC to retrieve the policy of Philippine Government in accessing local government authorities.
These primary plans are; render general advice regarding local business landscape, laws, commercial issues and regulations, and provide assistance in referring technical specialists and advisors on legal, taxation, insurance, accounting, regulatory and strategic matters that are concerns to projects selected by CHMC.
FMIC targets to raise business partnerships, directed by its newly build international desk.
"We see a lot of potential projects where we can work together, and bring about the innovation and development needed in boosting our country's growth," Proudly discussed by International desk head Charles Ian Salvador.
In support to FMIC's strategy to spot opportunities, forge alliances and form business linkages with other countries, International desk had been set up assisted by its parent bank, the MetroBank.