We recently welcomed Acbel Polytech President Jerry Hsu and his executive team at MECO’s Philippine Trade and Investment Center in Taipei and discussed the conglomerate’s current operations and expansion plans in the Philippines. In a meeting with DTI Trade Representative and MECO Director of Commercial Affairs, Michael Alfred Ignacio and his team, both sides discussed how the Department of Trade an Industry and the Board of Investments could support Acbel’s growing presence in the country, including its foray in new verticals. They also discussed the recent passing into law of the Philippine CREATE Act which revolutionizes the way the Philippines grants investment incentives, in addition to lowering Corporate Income Tax to 25% from the current 30%.
Acbel Polytech Philippines, Inc. produces power supply solutions that are integral to the manufacture of electronics and computer equipment In addition, it sees the company’s growth potential specifically in new and pioneering technologies and discussed how the Philippines can play a major role in its medium to long term plans.
ABOUT PTIC TAIPEI
The Philippine Trade & Investment Center in Taipei is the Commercial Affairs Section of the Manila Economic and Cultural Office and the representative office of the Philippine Department of Trade & Industry in Taiwan