In photo: Manila Economic and Cultural Office Chairman and Resident Representative Wilfredo Fernandez (left); Chairman Michael Peiyung Hsu of Taipei Economic and Cultural Office (upper right); and Director for Commercial Affairs Anthony Rivera (lower right)

As the Philippines continue to open-up opportunities for companies abroad, key Industry players from Taiwan showed their strong interest into the prospects of investing in the country. According to PEZA, top Taiwan companies have invested over Php32 Billion and generated employment of over 40,000 workers.

In the recent Global Biz with PEZA last 24 November 2021, PEZA Director General Charito B. Plaza highlighted the benefits of investing in the Philippines which include natural and human resources, geographic advantage, and strong policy support such as the Corporate Recovery and Tax incentives for Enterprises (CREATE) Act among others.

PEZA DG Plaza mentioned that “We now have this monthly per country investors forum that seeks to promote the different types of PEZA economic zones as ideal locations for different types of strategic and big-ticket industries from around the world, provided with incentives and subsidies, ease of doing business and lowering the cost of doing business in the Philippines”

In the remark of the Manila Economic and Cultural Office (MECO) Chairman and Resident Representative Wilfredo B. Fernandez in Taipei, he acknowledged the strong potentials for Taiwan businesses to locate in the Philippines and mentioned that “The Philippines stand to be an ideal hub for manufacturing, research and development and center for training and education” “We hope to purse new investment opportunities related to the pandemic and post pandemic recovery (including supply chain connectivity), cooperation in electronics, E-commerce, health and life sciences, smart medical device, logistics, information technology and business process management, creative industry, franchising, and electronic startups among others” said Anthony B. Rivera, Director for Commercial Affairs under MECO. ♦

Date of Release: 7 December 2021