Taiwan mission explores Subic opportunities

Taiwan Economic Minister Mei-Yueh Ho will lead major Taiwanese businessmen in exploring expansion opportunities in Subic special economic zone.

Ho is leading 50 businessmen from Taiwan and will be here in the country for three days.

During the visit, Ho and his delegation will be briefed on the country economic situation particularly its investment climate.

The delegation will determine the complementarities between the two countries.

In particular, the delegation will visit Subic Freeport to explore opportunities there as well as meet existing Taiwanese locators in the Freeport.

In Subic, Ho is invited to attend the groundbreaking ceremony of Taiwanese Pao-An company manufacturing plant.

Pao-An is investing $20 million for the manufacture of gas-related products for the exports market.

Among the Taiwanese government owned corporations in Ho’s delegation and Taiwan Power Co., China Steel Corp., Taiwan Sugar Corp. and Chinese Petroleum Corp.

Chief executive officers of firms engaged in semiconductor, integrated circuits, electronics, machinery sectors have joined the delegation to prepare for investment feasibility studies.