Liwayway Group (China), manufacturers of Oishi products, SM Prime Holdings, developer and operator of five (5) SM malls in China, and Guangxi Fil-Dragon Real Estate Development Ltd., were recognized by the China-ASEAN Business Council (CABC) as among the top 10 ASEAN enterprises entering China, during an awards ceremony on 07 January 2014. 

The three (3) companies were awarded for their contribution in enhancing ASEAN-China economic relations and promoting investments and the Philippine brand in China.

Mr. Larry Chan, President of Liwayway (China) Co. Ltd., was also recognized as one of the five (5) outstanding ASEAN entrepreneurs doing business in China for 2013.
 

Mr. Hans Ding (left), assistant to the president of Liwayway (China) Co., Ltd., and Mr. Oscar Ho, Chief Operating Officer (COO) of SM Prime Holdings (3rd from right), together with other awardees for the outstanding ASEAN enterprises doing business in China.

Mr. Hans Ding (2nd from right), assistant to the president of Liwayway (China) Co., Ltd., together with other awardees for the outstanding ASEAN entrepreneurs doing business in China, with China Council for the Promotion of International Trade (CCPIT) Vice Chairman Yu Ping (3rd from left).

CABC also recognized the efforts and contributions of the various ASEAN chambers of commerce in promoting trade and investment cooperation between China and ASEAN.
 

Mr. Joseph Lim (left), together with awardees from the other ASEAN chambers of commerce, and Mr. Xu Ningning, CABC Executive President.

Amb. Erlinda Basilio (fifth from left), together with other ASEAN Embassy officials and CABC Executive President Xu   Ningning, prepared for a toast.

At the reception, Ambassador Basilio met Mr. Li Xinghua, Chairman of the Board and Chief Executive Officer of Panhua Group, and discussed the company’s plans to invest in the Philippines.  Mr. Li and senior corporate executives of Panhua Group visited the Philippines on 15-20 September 2013.
 

Amb. Erlinda Basilio and Mr. Li Xinghua, Panhua Group Chairman and Chief Executive Officer, discuss prospective investment projects in the Philippines.