Clark Development Corp. (CDC) said it is intensifying efforts to attract more locators to Clark Freeport and Economic Zone.
CDC president and chief executive Agnes Devanadera recently met with 17 Taiwanese companies, along with Manila Economic and Cultural Office (MECO) chairperson Cheloy Velicaria-Garafil.
The meeting focused on CDC’s commitment to maintaining a robust business environment for locators, who have contributed to the Philippine economy.
Devanadera highlighted the importance of open communication with locators to address challenges effectively and foster collaboration.
“Let me first express our sincere appreciation at CDC because this community has never given us problems. It is probably because our lines of communication have always been open. Any difficulty, we talk,” she said.
The CDC chief encouraged Taiwanese businesses to explore new revenue streams by trading with fellow locators. This initiative is part of the business interdependence program launched last year.
“We mean business. We want to help you because we know you’re here since we promised you a good business climate. So, on top of the good business climate, we encourage you to do business with one another,” Devanadera said.
Garafil highlighted the readiness of Taiwanese investors to expand their footprint in the Philippines.
“I can see the sincerity of the Taiwanese people to do business in the Philippines. So that’s why I was telling Ma’am Agnes [Devanadera] that we should take advantage of their very open invitation, very open collaboration with us,” Garafil said.
Taiwanese firms in Clark have generated 2,076 jobs, with a total of $190.62 million in investments and $10.32 million worth of exports as of September 2024, based on CDC’s Investment Promotions Division II.
Among the Taiwanese companies that attended the meeting are BB International Leisure and Resort Development Corp., Bestelement Industrial Ltd. Inc. and Fwu Kuang Enterprises Corp.
Other attendees included Multi-Tek Fasteners Inc., Haitima Clark Corp. and MSK Group Work Clark Inc.
Chitai Industry Philippines Inc., Baynant Inc. and Kaixin International Corporation were also present.
Other Taiwanese investors in the event were Win Formula, Inc., ALJ Outdoor Games Inc., EFNA Global Outsourcing Inc., EVA Airways Corp., Starlux Airlines Co. Ltd. and Jade True Energy Solutions Corp.