Thursday, 9 April 2009

First Philippine special visa goes to Chinese

Manila Standard

AN EXECUTIVE of a power transmission firm is the first recipient of the special resident visa that Immigration has started issuing to foreigners employing 10 or more Filipinos here, an official said yesterday.

Chinese businessman Ruan Qiantu, a director and chief technical officer of National Grid Corp. of the Philippines, was issued the visa on Friday, Immigration Commissioner Marcelino Libanan said in a statement.

National Grid is partly owned by the Hong Kong-based State Grid Hong Kong, which employs more than 5,000 Filipinos. It is registered with the Securities and Exchange Commission and operates a nationwide power transmission grid here.

“This is the precise reason why this visa was conceptualized,” Libanan said.

“Its purpose is to reciprocate and extend the privilege of indefinite stay to foreign businessmen who contribute to the generation of much needed jobs for our countrymen.”

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