Greenberg and his group were joined by Vice President Jojo Binay, US Ambassador Harry K. Thomas, former Philam Group chairman Cesar Zalamea, ports king Ricky Razon, Union Bank president Justo Aboitiz Ortiz, Businessman Ronnie Concepcion, Philippines, Inc.

FORBES: Hank Greenberg Remains A Powerful Force in Asia

Now Hutchison Ports, part of Mr Li's Hutchison Whampoa group, has been blocked from tendering for a port project near an Indian naval base in Mumbai.

ECONOMIST: Fear of China