FPIP Joins PEZA-Led Taiwan Mission
First Philippine Industrial Park (FPIP) joined the Philippine Economic Zone Authority (PEZA) in its successful investment mission from October 23 to 27, 2023 in Taipei, Taiwan. A total of Php20.6 billion worth of investment leads were secured for the country.
Based on the data from PEZA, Taiwanese investors have collectively invested Php33.17B, created nearly 40,000 employment opportunities for Filipinos, and contributed $529.72 million in exports from the Philippines.
Joining the investment mission is a way for FPIP to show its support to the government and PEZA in their campaign to make the Philippines as an investment-hub-of-choice in Southeast Asia.
According to Senior Vice President Toshiaki Oi, “The Philippines actually has the advantage. Not only is it the fastest-growing among major economies in Asia, its strategic location is a gateway for the ASEAN market and East-Asian economies. It also has a rich and generally young talent pool that is highly-skilled, highly productive, customer-focused, fast learner, and English-proficient.”
There are also a number of economic zones in the country that are equipped with facilities to support the various needs of locators.
“Specifically for FPIP, we create a first-world manufacturing environment for our locators, so they can focus on achieving their business goals. Apart from special incentives in the form of tax holidays and lower tax rates, FPIP provides best-in-class infrastructure and utilities with the highest reliability, industry-leading park management, and a well-established ecosystem of diverse industries,” he adds.
At present, FPIP is home to eight (8) Taiwanese locators – Kinpo Electronics (Philippines), Inc.; Polaris Mold Fabrication Corporation; Shing Hung Plastics Company, Inc.; Shing Jie Precision Industrial OPC; T.E. Optoelectronics Technology Co. Phils., Inc.; Taiwan Fructose (Philippines), Inc.; Yeng Hsingh Philippines branch; and Uni-President (Philippines), Corporation.