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Taiwan firm building EV-making plant in Subic

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Taiwan’s Teco Electric and Machinery Co. Ltd., the leading industrial motor manufacturer globally, is putting up an electric vehicle (EV) assembly line in Subic, Zambales, as it targets to make the Philippines its EV manufacturing hub in the region.

Posted: March 11th, 2014 in Headlines | Read More »

Taiwan firm offers electric tricycle model

Philippine Utility Vehicle Inc. (PhUV), a local electric tricycles (e-trikes) assembly firm said its Taiwan-based partner, TecoElectric & Machinery Co. Ltd., had presented to Asian Development Bank for inspection a locally-assembled e-trike.

Posted: January 24th, 2014 in Headlines | Read More »

Taiwan, PH expect rise in bilateral trade

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Bilateral trade and investments between the Philippines and Taiwan are expected to grow at a faster pace next year with the opening of Taiwan’s trade promotion office in Manila before the end of this year.

Posted: December 5th, 2013 in Headlines | Read More »

Taiwan’s China Airlines gets new president

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Taiwan’s flag carrier China Airlines said Tuesday its board has appointed Lin Peng-liang as president.

Posted: November 12th, 2013 in Latest Business Stories | Read More »

Taiwan firm in JV for electric vehicles

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Teco Electric and Machinery Co. Ltd., one of Taiwan’s biggest conglomerates and the leading industrial motor manufacturer globally, is poised to expand its existing manufacturing facility in Subic Bay, Zambales, to produce and sell electric vehicles and components to the local market.

Posted: November 4th, 2013 in Headlines | Read More »

Taiwan adds Chinese yuan to forex reserves

AFP FILE PHOTO

Taiwan’s central bank has added the Chinese yuan to the island’s foreign exchange reserves portfolio, a top official said Wednesday, reflecting closer economic ties.

Posted: October 2nd, 2013 in Inquirer Columns,Latest Business Stories | Read More »

Philippines, Taiwan markets closed Wednesday

Floodwaters submerged houses in BF Resort Village in Las Pinas City after monsoon rains induced by tropical depression "Maring" caused the water level to rise in Metro Manila and nearby provinces Tuesday, Aug. 20, 2013. It was the second straight day of heavy rain, forcing the suspension of classes and work in government offices. JAIME T. CAMPOS/Contributed photo

Financial markets in the Philippines are closed on Wednesday for Ninoy Aquino Day while markets in Taiwan are closed because of tropical storm ‘Maring’ (international codename: Trami).

Posted: August 21st, 2013 in Latest Business Stories | Read More »

PH bans 15 food products from Taiwan

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The Food and Drug Administration has alerted the public against skin whitening cosmetic products found to contain dangerous levels of mercury.

The Philippines has banned 15 food products from Taiwan which were found to be contaminated with maleic acid. In an advisory dated June 6, Food and Drug Administration (FDA) Acting Director General Kenneth Hartigan-Go said the FDA banned the 15 food products because they were also not registered with the government.

Posted: June 9th, 2013 in Latest Business Stories | Read More »

Taiwanese firm invests P360M in Clark factory

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CLARK FREEPORT—State-owned Clark Development Corp.(CDC) has approved the operations here of Taiwanese garments company MSK Group Work Inc., which plans to invest an initial P360 million.   CDC president and chief executive officer Arthur Tugade said he signed the agreement after the CDC board of directors on May 10 cleared MSK’s expansion plan.   In [...]

Posted: June 7th, 2013 in Headlines | Read More »

Cebu Pacific cancels launch of Cebu-Taiwan flights amid row

AFP FILE PHOTO

One of the Philippines’ biggest airlines said Wednesday it had canceled the planned launch of a new Taiwan route because of tensions over a Taiwanese fishermen being killed by the Filipino coastguard.

Posted: May 30th, 2013 in Latest Business Stories | Read More »

TSMC reports 32 percent profit jump in 4Q of 2012

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Taiwan Semiconductor Manufacturing Co., the world’s largest contract chip manufacturer, reported a 32 percent jump in profits in the final quarter last year, benefiting from increasing global sales of smartphones and tablet computers.

Posted: January 17th, 2013 in Latest Business Stories | Read More »

Tourist arrivals from Taiwan, Malaysia post biggest growths this year

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FILE PHOTO

Tourists from Malaysia and Taiwan posted among the biggest jumps in arrivals this year as the tourism industry picked up through renewed marketing and enhanced air connectivity with key cities, the Department of Foreign Affairs (DFA) said Saturday.

Posted: December 29th, 2012 in Latest Business Stories | Read More »

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