A Taiwanese electric vehicle bus manufacturer is considering establishing a manufacturing facility in the Philippines, the Philippine Economic Zone Authority (PEZA) said.
PEZA Director General Tereso O. Panga announced after conducting recently the Philippine Investment Forum in Taipei in collaboration with the Philippine Trade and Investment Center (PTIC) in Taipei and various ecozone developers and industry partners to promote investment opportunities in Philippine economic zones for Taiwanese and multinational corporations. The mission, a follow-up to an earlier investment campaign in February, gathered more than 100 participants from leading Taiwanese companies and various industry sector interested in investing in the Philippines.
DG Panga did not give additional details on the prospective investor, but said the planned project could possibly inject a capital investment of approximately USD25 million.
Meanwhile, he said, a food manufacturer is also exploring plans to put up a facility in the ecozones, further signaling growing investor confidence in the country’s business environment and a ‘plus 1’ destination for offshore investments.
Moreover, the delegation met with potential investors into EMS-SMS, environmental and automotive technologies, and cold storage among others wherein they discussed plans to locate in the Philippines and expand offshore operations in PEZA ecozones.
During the Forum, DG Panga underscored the strategic advantages of Philippine ecozones as dynamic investment destinations that support business expansion, attract high-value investments, generate quality employment, and reinforce the country’s standing as a competitive hub for export and domestic market-oriented industries.
DG Panga also highlighted the fiscal and non-fiscal incentives under the CREATE MORE framework, positioning it as one of the most competitive and investor-friendly tax regimes in ASEAN.
“These tax perks, coupled with PEZA’s distinct brand of service—our one-stop shop, nonstop shop, and firm commitment to eliminating red tape in favor of red-carpet treatment—ensure that investors experience efficiency, reliability, and full government support throughout their business journey,” he stated.
On the sidelines, the Manila Economic and Cultural Office (MECO) in Taipei and PEZA formalized a Memorandum of Understanding (MOU) to strengthen collaboration in supporting Business Support Organizations (BSOs) in both the Philippines and Taiwan. The partnership aims to promote investments, facilitate business matching, and enhance the overall ease of doing business between the two economies. The MOU aligns with the administration’s directive to further improve the country’s investment climate and streamline business processes.
An inbound delegation composed of companies under the Taiwan electronics and semiconductor manufacturing sectors is also expected to conduct another round of visit to the Philippines as part of their ongoing investment exploration and due diligence activities, aimed at evaluating offshore investment opportunities and potential partnerships within the country’s ecozones.
