1 week PH not benefiting Taiwan’s southbound policy – Yujuico MB |Biz
The Philippine Chamber of Commerce and Industry (PCCI), the largest business organization in the country, has urged Taiwan to invest more in the Philippines, stressing the country has not benefitted from its “New Southbound Policy”. PCCI President Benedicto V. Yujuico raised this during a recent meeting with Taiwan Ambassador Michael Peiyung Hsu. Yujuico noted that only 3 percent of Taiwan’s outbound investments have been directed to the Philippines as Taiwanese investors prefer locating in Vietnam and Indonesia. Aside from investments, Yujuico also called Taiwan’s attention on the balance of trade between the two countries, which is heavily tilting in ... more