URDANETA CITY—Ambassador Amadeo Perez Jr., a former mayor of this city and now chief of the Manila Economic Overseas Office (MECO) in Taiwan, said Taiwanese businessmen are keen on investing in the province but will not do so until the announced major infrastructure projects are completed.

These projects include the international seaport in Sual town and the airport in Alaminos City.

Perez noted that Taiwanese companies are already present in such areas as the export-processing zone in Cebu where an international shipping port and as an international airport already operate.

Among the Taiwanese investors are manufacturers of computer parts that are shipped to Asian and European countries.

Overall, Perez said Taiwanese investors are eyeing to invest more in the Philippines where they see the prospects of a good business climate in 2012 because of the financial woes within the European Union.

Taiwanese businessmen are also looking at moving some of their investments from Mainland China to the Philippines owing to increasing labor costs in China.

Perez estimates Taiwanese investments in Mainland China at about US$10 billion—Eva Visperas

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