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The Manila Economic and Cultural Office (MECO) and
the Philippine Trade and Investment Center in Taipei have scheduled
a five-day investment mission in Taiwan this week.
In a statement, Dita
Angara-Mathay, MECO director for commercial affairs, said the
Philippine investment mission will be held in Taipei and Kaohsiung on
June 10 to 14 and is aimed at promoting investment opportunities at
the Subic and Clark free ports.
The Philippine delegation will be
headed by Tomas Alcantara, MECO chairman, and Ambassador Antonio
Basilio, who is MECO resident representative to Taiwan.
Delegates include MECO board
members, Subic Bay Metropolitan Authority (SBMA) administrator
Armand Arreza, Clark Development Corp. executive vice president Jose
Panlilio, and Clark International Airport Corp. president Victor
Jose Luciano.
Mathay said an investment seminar
on June 11 “will highlight investment opportunities in the
Philippine ICT, light manufacturing, aviation, logistic and
shipbuilding sectors in Clark and Subic.
During the investment seminar in
Kaohsiung, the SBMA will present its master plan of development,
“and the existing and nascent investment opportunities for
Taiwan’s Ministry of Economic Affairs.
Mathay said that among the
largest Taiwanese business organizations to join the economic
conference are the Chinese International Economic Cooperation
Association, the Taipei Computer Association and the Taiwan
Shipbuilding Association.
She added that various
associations of Taiwan’s tourism and flight charter operations
will also be present in the forum.
Mathay said in a statement
earlier that Taiwanese locators preferred to locate in the free
ports of Subic and Clark because of the natural logistics advantage,
relatively lower power rates and incentives offered to investors.
In 2005, Philippine and
Taiwan officials signed a memorandum of agreement for the
Subic-Clark-Kaohsuing, economic corridor, which would allow
Taiwanese and Filipino firms interested in locating in Subic, Clark
and Kaohsiung to enjoy tax and fiscal incentives.
-Chino S. Leyco
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