CDC President and CEO Agnes VST Devanadera met with 17 Taiwanese companies to discuss the benefits of locating in Clark Freeport and encourage business collaboration.
CLARK Development Corp. (CDC) is intensifying its efforts to attract more locators to the Freeport. CDC President and CEO Agnes VST Devanadera recently met with 17 Taiwanese companies alongside Manila Economic and Cultural Office (MECO) Chairman 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.
'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 has 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. '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 that we should take advantage of their very open invitation, very open collaboration with us,' Velicaria-Garafil said, highlighting the readiness of Taiwanese investors to expand their footprint in the Philippines. As of September 2024, Taiwanese firms in Clark have generated 2,076 jobs, totaling $190.62 million in investments and $10.32 million worth of exports.Taiwanese companies present at the meeting were BB International Leisure and Resort Development Corp., Bestelement Industrial Ltd. Inc. and Fwu Kuang Enterprises Corp. Other attendees included Multi-Tek Fasteners, Haitima Clark Corp., MSK Group Work Clark, Chitai Industry Philippines, Baynant and Kaixin International Corp. Other Taiwanese investors in Clark included Win Formula, ALJ Outdoor Games and EFNA Global Outsourcing. EVA Airways Corp., Starlux Airlines Co. Ltd. and Jade True Energy Solutions Corp. were also in attendance
INVESTMENTS TAIWANESE COMPANIES CLARK FREEPORT ECONOMIC GROWTH BUSINESS COLLABORATION
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