Focus Taiwann
Date: 2018/07/03
By: Han Ting-ting and William Yen
Taipei, July 3 (CNA) Taiwan’s Chang Hwa Bank (CHB) is set to officially open a branch in
CNA file photo
Manila, capital of the Philippines July 9, as part of an ongoing plan to expand its overseas operations.
In July 2017, CHB, one of the major commercial banks in Taiwan, announced that the Philippine government approved its application to open a branch in Manila.
The bank is looking to capitalize on rapid economic growth in the Philippines and the government’s policies to improve the investment environment, it said.
The Philippines has performed strongly in recent years, with an economic growth rate of over 6 percent every year since 2010, CHB pointed out. [FULL STORY]
