Over 150 Taiwanese companies participated in the Philippine Investment Forum (PIF) held in Taipei on October 22, 2024, showcasing investment opportunities in key sectors such as smart transportation, electric vehicles (EVs), smart city development, semiconductor packaging and testing, energy, and aquaculture. Organized by the Philippine Economic Zone Authority (PEZA), the Philippine Trade and Investment Center (PTIC) in Taipei, and the Manila Economic and Cultural Office (MECO), the event highlighted the Philippines as a strategic investment destination.
PEZA Director General Tereso Panga emphasized Taiwan’s integral role in the Philippines’ economic growth, noting the country’s position as a gateway to ASEAN under Taiwan’s New Southbound Policy. Notable companies like Advanced Semiconductor Engineering, Kinpo Electronics, and Sunonwealth Electric Machine Industry Co. Ltd. were among those engaged during one-on-one meetings held in Taipei, Kaohsiung, and Pingtung.
MECO Chairperson Cheloy Garafil highlighted the Philippines’ steady economic trajectory, with growth projected at 6.5–8% until 2028, inviting Taiwanese industries to collaborate in sustaining this momentum. PTIC-Taipei Trade Representative Anthony Rivera underscored the importance of fostering talent cultivation and expanding Taiwanese manufacturing in Philippine industrial parks to create jobs and support technical skills development.
The event reinforced bilateral investment agreements, which have strengthened cooperation in trade, tourism, technology, and education between the two countries.
(Source: Daily Tribune)
