Taiwanese investors express confidence on Subic business outlook

Dr. Chin Der Ou, Chairman of Subic Bay Development and Management Corporation Inc. ((SBDMC) which manages the Subic Gateway Park said the ongoing facilities improvement projects being undertaken by the Subic Metropolitan authority (SBMA) strengthen better business potentials in Subic.

With the recent opening of the semi-conductor and electronics trader YUBANTEC, Dr. Ou said he is confident, it will do a favorable business
environment for the new investor.

Taipei Economic and Cultural Office representative Michael Hsu meanwhile said that more companies from Taiwan will locate in the Philippines which described as Taiwan’s closest neighbor.
SBMA chairman and Administrator Wilma T. Eishma said 61 Taiwanese firms in Subic now comprise the third biggest number of foreign investors engaged in manufacturing and trading.
Eishma added that the entry of more Taiwanese companies helps Subic drive its momentum in investment and employment generation pointing out that SBMA approved 7 new projects in the first six months this year compared to 45 in the first half of 2018.