 NEW YORK -- The U.S. is scouting out favorable terrain for free trade agreements and sees the Philippines as possibly the next candidate, Trade Representative Robert Lighthizer said at a congressional hearing in Washington on Thursday.
"We are close to beginning negotiations," Lighthizer told senators, adding that a number of East Asian countries are interested in an FTA with the U.S. "One that we particularly liked is the Philippines. I think it would be a good first agreement." He noted that the country was in a good location and "there are a lot of advantages." Lighthizer said the U.S. is also looking to Japan for an FTA, though he added that the Japanese government has so far not been receptive to the idea.  NKG developed Automated Guided Vehicles (AVGs) to handle its logistics and materials in all its facilities. This technology eliminates the need for human assistance, thereby making processes more efficient. AVGs transfer raw materials from warehouses to production and assembly lines, as well as transport finished products from production lines to its temporary storage facilities before shipment to customers. Cal-Comp Technology (Philippines), Inc., the local arm of global tech conglomerate New Kinpo Group (NKG), is looking to bring artificial intelligence, robotics, and other cutting-edge technology to the Philippines.
These manufacturing technologies are intended to boost the capabilities of Filipino industries. According to NKG and Cal-Comp Technology CEO Simon Shen, the company can produce technologically advanced products through its state-of-the-art equipment and automation capabilities. "Although we rely on almost 10,000 employees in the Philippines alone, we use automated equipment to help us speed up our manufacturing process. This is vital in keeping our customers satisfied with product quality and reaching our output targets," says Shen.  MANILA, Philippines — Investments approved by the Board of Investments (BOI) are on track to reach the P680-billion target this year following a 27 percent increase in project approvals in the first semester and the expected influx of big-ticket projects in the second half.
BOI managing head Ceferino Rodolfo said in a statement yesterday the agency is on track to meet the P680-billion target for approved investments this year, 10 percent higher than the P617 billion level last year. “We expect big-ticket projects to come in by the second half of the year. Foreign and domestic investors remain optimistic especially in view of the government’s Build Build Build and manufacturing resurgence programs,” he said.  TAIPEI (Taiwan News) – Taiwan electronics conglomerate, New Kinpo Group (NKG, 新金寶集團) will make the Philippines its southeast Asia manufacturing hub through funds raised by an initial public offering (IPO) of its Philippines arm, Cal-Comp Technology (Philippines) Inc.
NKG plans to build two new manufacturing facilities, buy new equipment and invest in research and development in the Philippines, through an IPO estimated to be worth PHP$6.77 billion (NTD$3.86 billion). NKG is transforming the Philippines into its regional hub because the company is optimist about the Philippines' economic future.  PALAYAN CITY — The business hub here, designed to house a government center and call centers for 12,000 agents, is now officially an information technology park (ITP).
President Rodrigo Duterte issued Proclamation No. 526 on June 25 designating the 3-ha complex as an ITP to be known as the Palayan City Government Center and Business Hub (PCBH) as endorsed by the board of the Philippine Economic Zone Authority (Peza). Peza Director General Charito Plaza and Alloy MTD Philippines President Nicholas David signed the documents that formally recognized PCBH as a special economic zone during rites held at the Peza office in Taguig City on Friday |
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 Archives
May 2020
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