By Victoria “NIKE” De Dios
As the Philippine government steps up its investment promotions, the recent 5-day outbound mission to Taiwan for the 2023 Philippine Investment Forum was a resounding success given the positive response and commitment from Taiwan companies and businessmen.
Taking advantage of the benefits that PEZA offers to the prospective investors who are exploring to do business in the Philippines, several Taiwanese companies and businessmen responded positively to the Philippines invitation.
During the mission in Taiwan, PEZA participated in numerous business-to-business (B2B) meetings with potential Taiwanese investors who have been targeting the Philippines as their next investment location.
Apart from that, PEZA also found new strategic areas of collaboration with the Taiwan Smart Electric Bicycle Association (TSEBA), a non-profit public welfare social organization integrating and promoting the exchange and development of Taiwanese manufacturers of smart electric bicycles and other equipment and components, for the goal of energy conservation and carbon reduction around the world.
In its statement, PEZA announced that a total of P20.6 billion in investment leads and pledges from this mission have been secured.
PEZA has influenced and assured the decision-makers of Taiwan-based global industry players to proceed and finalize their investment plans in the Philippines as the country is heading towards upward trajectory in terms of investment opportunities and the global investment friendly economy perception by the present administration.
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PEZA also explored new strategic areas of collaboration with the Taiwan Smart Electric Bicycle Association (TSEBA), a non-profit public welfare social organization integrating and promoting the exchange and development of Taiwanese manufacturers of smart electric bicycles and other equipment and components, for the goal of energy conservation and carbon reduction around the world.
PEZA Director General Panga highlighted to TSEBA that the electric bicycle supply chain in the Philippines is vibrant, featuring the likes of locators Shin-Etsu Magnestics Philippines, Inc. (SEMPI) and Shimano (Philippines), Inc. (SPI), and encouraged the companies during the briefing to explore major investment opportunities through a predictable investment environment and other advantages of locating inside PEZA economic zones in the Philippines.
PEZA’s investment promotion mission to Taipei was joined by the leading ecozone developers such as First Philippine Industrial Park (FPIP), Science Park of the Philippines (SPPI), TECO Industrial Park, and the newly approved Taiwanese-owned Philtai Industrial Park. SPPI likewise participated in the Taitronics Taipei exhibition 2023, which showcased the latest technologies and advancements in the fields of automotive electronics, internet of things (IoT), industrial process and automation equipment, green energy, advanced communication technology and next-generation applications.