On 28 January 2022, Representative of the Taipei Economic and Cultural Office in the Philippines Peiyung Hsu attended the ground breaking ceremony of the YFC-BonEagle International, Inc. (YFC-BonEagle) at the Hermosa Ecozone Industrial Park. Congressman of House of Representatives Hon. Victor A. Yap and Victoria City Mayor Mr. Christian Yap also attended the occasion.
YFC-BonEagle has been specializing in cable manufacturing business with main focus on AC power extension cord and communication cables. Mr. Garfield Tseng, director of YFC-BonEagle said that the company currently has 4 cable manufacturing plants in full operation in the Philippines, and plans to invest at least 2 billion pesos in manufacture factor. The entire investment is projected to create at least 1,000 jobs and drive annual output value to at least 3 billion pesos.
According to Ar. Jerry Zheng, founder of ZHZQ Architects as well as Summer Zheng Ge, the firm's Representative of Board of Directors, ZHZQ Architects is an international design and construction management firm with an overseas branch in the Philippines. The company has been committed to providing customized and speedy services for local Taiwanese companies to expand their businesses overseas.
Taiwan has been facilitating trade and investment partnerships with ASEAN countries through the New Southbound Policy since 2016. The Philippines is definitely one of the pivotal partners in the region. We encourage more Taiwanese businesses to invest in the Philippines and also are grateful to the Taiwanese investors for their unwavering efforts to help expand bilateral relations.
