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Duterte's elusive Chinese investment bonanza

Beijing has lured Manila with promises that are so far unfulfilled

| China
The plan to let China Telecom enter the market is the latest among the Philippines' moves to bring in Chinese investment.   © Reuters

Since Rodrigo Duterte's ascent to presidency, the Philippines has been abuzz with anticipation of large-scale Chinese investments. In a sign of the continuing drive to bring in Chinese money, the Southeast Asian country is now opening up its telecommunication sector to Chinese investors.

China Telecom is expected to challenge the years-long dominance of Globe Telecom, a unit of Singapore Telecommunications, as well as PLDT, which is backed by Japan's Nippon Telegraph and Telephone (NTT) and Indonesia's Salim Group.

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