BoI eyes bicycle manufacturer to set up shop in PH

The Board of Investments (BoI) is eyeing the possibility of inviting a Taiwan-based bicycle manufacturer to establish its facility in the Philippines once demand for bicycles further increase.

“There is a [bill] on bicycle lanes. Here in the Philippines, we have informal bicycle manufacturers. We also have manufacturers located in Cavite and Laguna. We also have Shimano, which is a bicycle parts manufacturer. But these are exporters by and large,” said Ceferino Rodolfo, BoI managing head, in a virtual briefing.