Focus Taiwan
Date: 2019/01/31
By: Emerson Lin and William Yen
Bank of Taiwan Chairman Joseph Jye-cherng Lyu (呂桔誠, third left) and Philippines Senator Richard Gordon (center)
Manila, Jan. 31 (CNA) The Bank of Taiwan (BOT) officially opened a representative office in Manila, capital of the Philippines Thursday as part of its efforts to help Taiwanese businesses enter the Southeast Asian market.
During a speech at the opening ceremony that day, BOT Chairman Joseph Jye-cherng Lyu (呂桔誠) said the office demonstrates the brotherhood between Taiwan and the Philippines indicating the two sides will work together to create economic value.
Bank of Taiwan Chairman Joseph Jye-cherng Lyu (呂桔誠)
The representative office was set up to assist Taiwanese businesses take advantages of opportunities offered by economic growth in the Philippines, Lyu pointed out.
Explaining the strategic location of the office, he said “the Philippines stands as a critical entry point to the ASEAN market with ample opportunities for Taiwan businesses.”
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