At least $121 million in fresh Taiwanese investments in various fields are expected to be poured into the country particularly in Clark, Subic and Mindanao areas.

Manila Economic and Cultural Office (MECO) in Taipei Resident Representative Antonio I. Basilio said the investments would range from the micro sector including food cooperatives, to the country’s freeport and special economic zones.

For instance, the Philippine Freeport zones of Clark and Subic are eyeing US$24 million worth of Taiwanese investments in the fields of aluminum coil, piping, and stainless steel and light manufacturing. Taiwanese businessmen are also looking at prospective ventures in antibiotic capsules and electric blankets manufacture and in construction projects to further build up facilities in Clark and Subic.

MECO is also chasing US$97 million worth of investments leads for Northern Mindanao’s growing bio-fuel, solar and wind energy, mari-culture, food processing, auto parts manufacturing, leather production and steel manufacturing sectors.

A Taipei Investments Summit is also being organized by MECO. The event will be attended by representatives of the Cagayan Electric Power and Light Company, the Philippines Congressional Commission on Science and Technology and Engineering and the Taiwan External Trade Council.

“Our trade and investment team will also be heading a Visayas Trade and Investment Mission to Taiwan this week” Basilio said, while an investment mission to Mindanao , specifically to General Santos and Sarangani, will also be conducted in early December.