1
 In what could prove a major addition to the Philippines' foreign-investment portfolio,
5001
hypothetical

2
 a Taiwanese company signed a $180 million construction contract
5001
span

3
 to build the centerpiece of a planned petrochemical complex.
2
elaboration-object-attribute-e

4
 Taiwan's USI Far East Corp., a petrochemical company, initialed the agreement with an unidentified Japanese contractor
5006
span

5
 to build a naphtha cracker,
4
elaboration-object-attribute-e

6
 according to Alson Lee,
5005
span

7
 who heads the Philippine company 
5004
span

8
set up 
5003
span

9
to build and operate the complex.
8
purpose

10
 Mr. Lee, president of Luzon Petrochemical Corp., said
11
attribution

11
 the contract was signed Wednesday in Tokyo with USI Far East officials.
5008
span

12
 Contract details, however, haven't been made public.
5008
elaboration-additional

13
 The complex is to be located in Batangas, about 70 miles south of Manila.
5014
span

14
 USI Far East will hold a 60% stake in Luzon Petrochemical,
5013
span

15
 according to papers
5012
span

16
 signed with the Philippine government's Board of Investments.
15
elaboration-object-attribute-e

17
 The proposed petrochemical plant would use naphtha 
5015
span

18
to manufacture the petrochemicals propylene and ethylene and their resin derivatives, polypropylene and polyethylene.
5017
span

19
 These are the raw materials 
5016
span

20
used in making plastics.
19
elaboration-object-attribute-e

21
 The contract signing represented a major step in the long-planned petrochemical project.
5021
span

22
 At an estimated $360 million, the project would represent the single largest foreign investment in the Philippines
5020
span

23
 since President Corazon Aquino took office in February 1986.
22
temporal-after

24
 It also is considered critical to the country's efforts 
5023
span

25
to both attract other investment from Taiwan
5022
List

26
 and raise heavy industry capabilities.
5022
List

27
 The project has been in and out of the pipeline for more than a decade.
5024
background

28
 However, workers can't break ground 
5057
span

29
until legal maneuvers
5028
span

30
 to block the complex
29
elaboration-object-attribute-e

31
 are resolved, moves 
5027
span

32
which caused the signing to remain questionable up to the last moment.
31
elaboration-object-attribute-e

33
 As previously reported,
5031
circumstance

34
 a member of the Philippines' House of Representatives has sued 
5031
span

35
to stop the plant.
34
purpose

36
 The legislator, Enrique Garcia, had actively backed the plant, but at the original site in his constituency northwest of Manila.
5032
background

37
 The country's Supreme Court dismissed the suit,
38
antithesis

38
 but Mr. Garcia late last month filed for a reconsideration.
5034
span

39
 In addition, President Aquino has yet to sign into law a bill
5037
span

40
 removing a stiff 48% tax on naphtha, the principal raw material 
5036
span

41
to be used in the cracker.
40
elaboration-object-attribute-e

42
 However, at a news conference Thursday, Mrs. Aquino backed the project
5041
List

43
 and said
44
attribution

44
 her government was attempting to soothe the feelings of residents at the original site, adjacent to the government's major petroleum refinery in Bataan province.
5040
span

45
 We have tried our best to tell the people in Bataan 
5042
attribution

46
that maybe this time it will not go to them,
5042
Problem-Solution

47
 but certainly we will do our best to encourage other investors to go to their province,
5042
Problem-Solution

48
 Mrs. Aquino told Manila-based foreign correspondents.
5043
attribution

49
 The project appeared to be on the rocks earlier this month 
5049
span

50
when the other major partner in the project, China General Plastics Corp., backed out.
5048
span

51
 China General Plastics, another Taiwanese petrochemical manufacturer, was to have a 40% stake in Luzon Petrochemical.
50
elaboration-additional

52
 However, Mr. Lee said 
5050
attribution

53
that USI Far East is confident
54
attribution

54
 other investors will take up the slack.
5050
span

55
 He said 
5053
attribution

56
USI Far East has applied to both the Asian Development Bank and the World Bank's International Finance Corp. for financing 
5053
span

57
that could include equity stakes.
56
elaboration-object-attribute-e

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span
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span

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summary-s

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7
elaboration-object-attribute-e

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6
elaboration-object-attribute-e

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span
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attribution

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span
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span

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span
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span

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span
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span

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span
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elaboration-additional

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span
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span
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span

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span
14
attribution

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span
13
elaboration-additional

5014
span
5018
span

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span
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elaboration-additional

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span
18
elaboration-additional

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span
17
purpose

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span
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elaboration-additional

5019
span
5026
span

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span
21
elaboration-additional

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span
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span

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multinuc
24
elaboration-object-attribute-e

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span
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elaboration-additional

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span
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span

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span
5019
elaboration-additional

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span
5047
span

5027
span
5029
Same-Unit

5028
span
5029
Same-Unit

5029
multinuc
5039
span

5030
span



5031
span
5032
span

5032
span
5033
span

5033
span
5035
span

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span
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elaboration-additional

5035
span
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List

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span
39
elaboration-object-attribute-e

5037
span
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List

5038
multinuc
5029
example

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span
28
condition

5040
span
5041
List

5041
multinuc
5045
span

5042
multinuc
5043
span

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span
5044
span

5044
span
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elaboration-additional

5045
span
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span

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span
5026
elaboration-additional

5047
span
5056
span

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span
49
circumstance

5049
span
5051
antithesis

5050
span
5051
span

5051
span
5052
span

5052
span
5055
span

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span
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span

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span
5052
elaboration-additional

5055
span
5047
elaboration-additional

5056
span



5057
span
5045
antithesis

