The Bases Conversion and Development Authority (BCDA) is actively wooing Taiwanese investors to locate in either two of its subsidiaries – Poro Point Freeport Zone and New Clark Freeport – as their ideal destination being the closest ecozones to Taiwan. BCDA Executive Vice President and Chief Opera
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May 19, 2021 | 9:18 pm
THE GOVERNMENT should scrap its 40% foreign ownership limit in certain industries to encourage more investments particularly from Taiwan, according to its ambassador in the Philippines.
âPlease try your best to abolish the 40% restriction for foreigners in the Philippine Constitution,â Taipei Economic and Cultural Office in the Philippines (TECO) Representative Michael Peiyung Hsu told an online forum on Wednesday.
âItâs very painful for many because weâve lost a lot of money,â he said at the forum hosted by the University of Asia and the Pacific School of Law and Governance and
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A Taiwanese science and technology university had considered opening a branch in Batangas province, but would not do so because of the limit, he added.