SUBIC BAY FREEPORT – More Taiwanese businessmen are eyeing investments in this Freeport following their recent visit here arranged by the Philippine Trade and Investment Center (PTIC) of Taipei. 

Subic Bay Metropolitan Authority (SBMA) Senior Deputy Administrator for Business and Investment Renato Lee III said the Taiwanese businessmen arrived as part of the trade mission under the Integrated Investment Campaign: New Southbound PH Taiwan Delegation to the Philippines. 

The group led by investment officer of PTIC-Taipei Terry Lin met with Lee and other SBMA officials at the Subic Bay Development and Management Corp. (SBDMC) office where they were given a presentation of the Subic Bay Freeport business climate, as well as the advantages of investing here, by Karen Magno, manager of the SBMA Business and Investment Department (BID) for Manufacturing and Maritime.

Magno said the two Taiwanese industrial parks here—the Subic Bay Gateway Park and the Tipo Hightech Eco Park (THEP)—are both conducive for businesses dealing in manufacturing.

Meanwhile, Subic Taiwan Chamber of Commerce president Andy Liu shared that the Taiwanese investments in the Freeport are among the biggest.

He added that Subic also boasted of a diligent and capable workforce who are proficient in English, logistical advantages for having an airport and a seaport, tax incentives as an economic zone, capable utilities, electricity and telecommunications.

Delegates representing 10 Taiwanese companies also conducted an ocular inspection of the area and were briefed by SBDMC Inc. president Willy Wang, Wistron Infocomm Philippines Corp. director Wallice Wang, Subic Technic Inc. EVP Louis Kuo, and Limech Manufacturing and Trading Corp. president Sammy Chou. ~