MANILA, Philippines – The government has launched new incentive packages for Taiwanese investors, including tax breaks in an attempt to attract more investors especially in the Clark and Subic Freeport zones.
The Manila Economic and Cultural Office (MECO) said the country is looking at attracting more Taiwanese firms to invest in the country as the two nations entered into several major trade and investment agreements.
In a report, MECO said the 16th RP-Taiwan Joint Economic Conference (JEC) was a success. During the meeting, MECO said the government was able to promote further the Clark-Subic economic corridor.
MECO said the new investment incentives package will meet the evolving requirements of Taiwan ’s high-technology companies. Possible investment prospects were information and communication technology, aquaculture, agriculture and the renewable energy sector.
“The package includes unprecedented incentives for Taiwanese companies, and presented various development opportunities within the Clark and Subic Bay economic corridor,” MECO managing director and resident representative Antonio Basilio said.
“The package is designed to completely compete with current offerings by the Vietnam government to Taiwanese players. This set of incentives, never before offered to any foreign locator in the Clark-Subic economic corridor, is also designed to fill existing gaps in the Philippines’ electronics and ICT value chain,” Basilio explained further.
Basilio said the plenary session and seminar proper focused on a number of investment opportunities including high-yield tourism, investing in the Philippine economic corridor, the RP-Taiwan ICT industry collaborative ventures, sectoral investment opportunities, and renewable energy.
Meanwhile, Subic Bay Metropolitan Authority (SBMA) administrator Armand Arreza presented the Master Plan of Development in the Subic Bay Free Port while Benigno Ricafort, president of Clark Development Corp. (CDC) delved on the Master Plan of Development in the Clark freeport.- Ma. Elisa P. Osorio, Philippine Star
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
