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
June 2025
Philippine Environment Month!
“Action for Nature, for the Future!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
Monthly Observances:
1 Jun – World Day of Parents
5 Jun – World Environment Day
7 Jun – World Food Safety Day
8 Jun – World Oceans Day
12 Jun – World Day Against Child Labour
15 Jun – World Elder Abuse Awareness Day
16 Jun – International Day of Family Remittances
17 Jun – World Day to Combat Desertification and Drought
20 Jun – World Refugee Day
25 Jun – Day of the Seafarer
27 Jun – Micro-, Small and Medium-sized Enterprises Day
Daily Observances:
June 6: Migrant Workers Day
June 19: Filipino Youth Day
June 25: Day of the Filipino Seafarer
