MANILA — More Taiwanese firms in the Philippines are keen on expanding their operations, following the launch of Taiwan’s new policy meant to strengthen its trade and economic ties with members of the Association of Southeast Asian Nations (ASEAN).
Gary Song-Huann Lin, Representative of Taiwan to the Philippines, said Taiwan’s New Kinpo Electronics Co. has already invested three huge factories here, employing more than 7,500 workers.
“Its fourth new plant is scheduled to open probably before the end of this year,” he bared during the 106th national day reception of the Republic of China (Taiwan) Monday night.
Lin said Taiwan has already established seven banks in Metro Manila, while Seven Eleven Group has expanded its branch stores to over 1,200.
He added many Taiwanese delegations so far have also visited the Philippines.
“We have seen a steady growth of Taiwanese investments and activities in the Philippines,” he noted.
Lin stressed that Taiwan’s New Southbound Policy (NSP), which was launched last year, has contributed to regional development and forged closer socioeconomic and people-to-people exchanges with the ASEAN members, as well as South Asian countries, and Australia and New Zealand.
“The NSP is conducive to building closer regional linkages and a sense of economic community between Taiwan and the countries of Asia-Pacific region,” he said.
Aside from investments, Lin further said the NSP has resulted in a steady growth of bilateral partnership, resource sharing, talent cultivation, training on jobs, exchange of visits, and set up of various meetings and seminars. (PNA)
