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
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
At least three multinational firms are seen undertaking massive expansions in their operations in the country, mostly involving electronics manufacturing and medical projects in the economic zones.
Philippine Economic Zone Authority These firms include existing electronics investors Amkor, Murat