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Seven Taiwanese firms have committed to expand in the country with investment pledges amounting to P3.7 billion, approximately $65 million, on top of other manufacturing firms that are also interested to operate here, the Philippine Economic Zone Authority (PEZA) reported. PEZA said the investment
Investment pledges received by the Philippine Economic Zone Authority from a recent business mission in Taiwan amounted to $65 million.
Taiwanese investments in the Philippines far outnumbered mainland Chinese investments and more Taiwanese firms have expressed keen interest in the country following the signing of the Bilateral Investment and New Southbound Treaty. Tereso O. Panga, deputy director general and officer in charge of
Taiwanese investments registered with the Philippine Economic Zone Authority (PEZA) reached P32.3 billion, substantially lower than the cumulative investments from mainland Chinese. peza_web At the virtual Global Biz with Taiwan, PEZA Deputy Director General Tereso Panga said that to date, PEZA