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PHILIPPINE ECONOMIC ZONE AUTHORITY “OPPORTUNITIES FOR CHINESE INVESTORS IN PHILIPPINE ECONOMIC ZONES” A presentation for the: PHILIPPINES: COMPLEMENTING CHINA’S “GOING OUT” STRATEGY by LILIA B. DE LIMA PEZA Director General and Undersecretary, Department of Trade and Industry Acacia Hall, Philippine Embassy Beijing, China 2:30 PM, February 20, 2014 Philippine Economic Zone Authority An investment promotion and incentive granting agency attached to the Department of Trade and Industry. Reinforce Government’s efforts to: • • • Promote Investments Create Employment Generate Exports TOTAL OF 300 ECONOMIC ZONES * BAGUIO CITY ECONOMIC ZONE JOHN HAY SPECIAL TOURISM ECONOMIC ZONE SANCTUARY IT BUILDING SM BAGUIO CYBERZONE BUILDING FORT ILOCANDIA TOURISM ECONOMIC ZONE PANGASINAN INDUSTRIAL PARK II LUISITA INDUSTRIAL PARK TECO SPECIAL ECONOMIC ZONE TARLAC PROVINCIAL INFORMATION TECHNOLOGY PARK II SM CITY PAMPANGA ROBINSONS LUISITA CLARK TI SPECIAL ECONOMIC ZONE ANGELES INDUSTRIAL PARK PAMPANGA EXPORT PROCESSING ZONE STA. MARIA INDUSTRIAL PARK SUPIMA ECIRCLE PHILIPPINE PACKING AGRICULTURAL EPZ VICTORIA WAVE ROBINSONS PLACE NOVALICHES DILIMAN IT BUILDING CONVERGYS IT BUILDING HTMT CYBER PARK EDSA CENTRAL IT CENTER SUN PLAZA EDSA CENTRAL IT CENTER 2 E-SQUARE INFORMATION TECHNOLOGY PARK TOTAL CORPORATE CENTER I MCKINLEY HILL CYBER PARK MARKET! MARKET! ST. LUKE’S MEDICAL CENTER GLOBAL CITY MULTINATIONAL BANCORPORATION PEOPLESUPPORT CENTER IT BUILDING NORTHGATE CYBERZONE METROPOLIS STAR MACROASIA ECOZONE ASAHI SPECIAL ECONOMIC ZONE EUGENIO LOPEZ JR. COMMUNICATION CENTER GLOBAL TRADE CENTER EASTWOOD CITY CYBERPARK SMNE IT CENTER EXPORTBANK PLAZA BUILDING THE ENTERPRISE CENTER RCBC PLAZA BURGUNDY CORPORATE TOWER LIBRAN HOUSE IT CENTER MJ PLAZA MANILA HARBOUR CENTER NEWPORT CITY CYBERTOURISM ZONE SM ICITY SM ICITY 2 SM CYBERZONE 1 G.T. TOWER INTERNATIONAL THE PASEO CENTER IT BUILDING AMKOR TECHNOLOGY PACIFIC INFORMATION TECHNOLOGY CENTER JGC PHILIPPINES BUILDING SDC IT BUILDING ASIAN STAR BUILDING THE PARAGON CORPORATE CENTRE ROBINSONS CYBERPARK ROBINSONS-EQUITABLE TOWER PBCOM TOWER ANSON’S CENTER SUMMIT ONE OFFICE TOWER PHILAMLIFE I.T. BUILDING 6750 AYALA AVE. BLDG. 6780 AYALA 6788 AYALA AVE. BLDG. JG SUMMIT CENTER DELA ROSA E-SERVICES BUILDING SM MAKATI CYBERZONE BUILDING SM MAKATI CYBER ZONE 2 BUILDING GLORIETTA 5 UNIONBANK PLAZA BPI BUENDIA CENTER ALLEGRO IT CENTER EAST CYBER GATE WORLDWIDE CORPORATE CENTER GATEWAY OFFICE TOWER CYBER PARK BUILDING ONE PACIFIC STAR BUILDING PHILAMLIFE IT TOWER NISCOM IT BUILDING INSULAR LIFE BUILDING INSULAR LIFE CORPORATE CENTER as of 31 December 2013 MARVIN PLAZA BUILDING DPC PLACE BUILDING MSE CENTER TRAFALGAR PLAZA OCTAGON IT BUILDING VITRO INTERNET DATA CENTER BUILDING WYNSUM CORPORATE PLAZA IT BUILDING TRANSCOM CENTER ORIENT SQUARE IT BUILDING RIVERBANK CENTER ICT BLDG. I RIVERBANK CENTER ICT BLDG II BLUE WAVE MARIKINA UP SCIENCE & TECHNOLOGY PARK (South) UP SCIENCE & TECHNOLOGY PARK (North) 3OOD TERMINAL INC. SEZ EMI SPECIAL ECOZONE BATAAN ECONOMIC ZONE SUBIC SHIPYARD PLASTIC PROCESSING CENTER SEZ HERMOSA ECOZONE LEYTE IND’L. DEVELOPMENT ESTATE MEGACENTER IT BUILDING LEYTE INFORMATION COMMUNICATION TECH. PARK JOSE PANGANIBAN SEZ MISIBIS RESORTS AND ESTATES RAPU-RAPU ECOZONE MANILA CEBU * Legend: Manufacturing Economic Zones Information Technology Parks / Centers Tourism Economic Zones Medical Tourism Park /Center Agro-Industrial 66 197 18 2 17 CAVITE ECONOMIC ZONE LAGUNA INT’L. INDUSTRIAL PARK LIGHT INDUSTRY & SCIENCE PARK I LIGHT INDUSTRY & SCIENCE PARK II LIGHT INDUSTRY & SCIENCE PARK III TABANGAO SPECIAL ECONOMIC ZONE LAGUNA TECHNOPARK LAGUNA TECHNOPARK ANNEX FIRST CAVITE INDUSTRIAL ESTATE GATEWAY BUSINESS PARK KEPPEL PHILIPPINES MARINE SPECIAL ECONOMIC ZONE GREENFIELD AUTOMOTIVE PARK YTMI REALTY SPECIAL ECONOMIC ZONE LIMA TECHNOLOGY CENTER COCOCHEM AGRO INDUSTRIAL PARK PEOPLE’S TECHNOLOGY COMPLEX SAN LAZARO TOURISM AND BUSINESS PARK GOLDEN MILE BUSINESS PARK FIRST PHILIPPINE INDUSTRIAL PARK TIGERLAND AGRO-INDUSTRIAL ECONOMIC ZONE CARMELRAY INDUSTRIAL PARK CARMELRAY INDUSTRIAL PARK II CALAMBA PREMIERE INTERNATIONAL PARK TOYOTA STA. ROSA SEZ AG&P SPECIAL ECONOMIC ZONE DAIICHI INDUSTRIAL PARK ALLEGIS IT PARK FILINVEST TECHNOLOGY PARK - CALAMBA EASTBAY ARTS, RECREATIONAL AND TOURISM SM CITY BACOOR LAKESIDE EVOZONE ROBINSONS BIG R SUPERCENTER STA. ROSA COMMERCIAL IT PARK ROBINSONS PLACE STA. ROSA SAINT FRANCES CABRINI MEDICAL TOURISM PARK PHILTOWN TECHNOLOGY PARK ROBINSONS PLACE LIPA PAMALICAN ISLAND TOURISM ECOZONE CAMARINES SUR IT PARK BORACAY ECO-VILLAGE RESORT MACTAN ECONOMIC ZONE BIGFOOT IT PARK MACTAN ECONOMIC ZONE II SYNERGIS IT CENTER HDMF-WTCI IT TOWER CEBU IT TOWER MANGO SQUARE CEBU SOUTH ROAD PROPERTIES ARCENAS ESTATE IT BUILDING A. D. GOTHONG IT CENTER JY SQUARE IT CENTER JY SQUARE IT CENTER III CEBU LIGHT INDUSTRIAL PARK LEXMARK PLAZA OAKRIDGE INFORMATION TECHNOLOGY CENTER PHIL. BXT CORP. TOURISM ECONOMIC ZONE PIONEER HOUSE CEBU WEST CEBU INDUSTRIAL PARK NEW CEBU TOWNSHIP MRI ECONOMIC ZONE HVG ARCADE IT PARK INNOVE IT PLAZA ASIATOWN IT PARK FEDERATED IT PARK DAMOSA IT PARK ROBINSONS CYBERGATE CENTER PUEBLO DE ORO IT PARK JASAAN MIS. ORIENTAL ECOZONE BUKIDNON AGRO-RESOURCES EXPORT ZONE DBP IT PLAZA THE BLOCK IT PARK ONE SANPARQ LOPUE'S EAST I. T. CENTER LUXUR PLAZA ITFORMATION CENTRE SMCI IT CENTER CIIF AGRO-INDUSTRIAL PARK RIO TUBA EXPORT PROCESSING ZONE SARANGANI ECONOMIC DEVELOPMENT ZONE SRC ALLAH VALLEY ECONOMIC DEVELOPMENT ZONE SRC CALUMPANG ECONOMIC DEV’T. ZONE FIRST ORIENTAL BUSINESS & INDUSTRIAL PARK NCCC DAVAO IT CENTER LUISA AVENUE SQUARE IT CENTER NCCC DAVAO IT CENTER MANTICAO ECOZONE CORPORATION SEZ 66 Manufacturing 197 IT Parks (40) and IT Centers (157) 18 Tourism Ecozones 2 Medical Tourism Park / Center 17 Agro-Industrial Parks ECONOMIC ZONE INVESTMENTS 320 8.19 % 41.1 % EPZA 280 ‘86 -’93 1994 240 PEZA 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 200 160 120 80 40 0 12.7 B 9.6 B 89 90 52.5 B 65.3 B 159.7 B 96.9 B 155.7 B 156.7 B 80.8 B 38.7 B 31.7 B 50.5 B 67.2 B 83.7 B 133.7 B 154.8 B 175.4 B 204.4 B 288.3 B 311.9 B 276.1 B 91 92 93 94 16.6 % 13 % 144 % 61 % .6% 16 % 60 % 25 % 24% 33 % 449% 95 57 % 96 97 98 99 00 01 02 03 04 05 06 07 08 1995 – 2013 Economic Zone Investments : P 2.582 Trillion 09 10 11 12 LOCATOR INVESTMENTS BY NATIONALITY ( 1995 – 2013 ) 30.65 % Japanese 22.22 % Filipino 16.44 % American 10.03 % Dutch 7.50 % British 3.51 % Korean 3.13 % Singaporean 1.38 % German 1.02 % Swiss 4.12 % Others LOCATOR INVESTMENTS BY PRODUCT SECTOR ( 1995 – 2013 ) 9.60 % Metals/Fabricated Metal Products 9.49 % Tourism 8.79 % Information Technology Services 38.41 % Electronics / Semiconductors 5.93 % Transport (Shipbuilding, Car Parts, Equipment) 4.59 % Electrical Machinery and Apparatus 2.46 % Medical, Precision and Optical Instruments 1.42 % Medical Tourism 1.37 % Rubber and Plastic Products 17.95 % Other Manufactures TOTAL PHILIPPINE COMMODITY EXPORTS ( Billion U.S. Dollars ) Economic Zone Exports 2.7 4.3 6.5 10.6 13.3 15.8 20.0 19.5 22.7 27.2 30.7 31.6 35.1 39.0 38.0 28.9 36.1 36.3 33.9 35.3 60 50.5 50 49.1 39.7 40 35.2 35.0 53.9 48.0 47.4 38.1 52.0 51.5 41.3 38.4 36.2 32.2 29.5 30 25.2 20.5 17.4 20 13.5 10 20% 25% 75% 32% 42% 68% 58% 45% 45% 53% 55% 47% 55% 61% 39% 65% 35% 80% 75% 77% 77% 25% 23% 23% 74% 26% 65% 65% 35% 35% 70% 77% 23% 77% 23% 30% 75% 76% 25% 24% 0 10.7 13.2 14.0 14.6 16.2 19.2 18.1 12.7 12.5 9.0 9.0 9.6 12.3 11.5 11.1 9.5 15.4 11.7 18.1 18.6 2005 2006 2007 2008 2009 2010 2011 2012 2013 Others 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 WHY INVEST IN THE PHILIPPINES FILIPINO WORKERS Among the Best in the World THE COUNTRY’S COMPETITIVE EDGE Literate, English – speaking, easy to train, hardworking and very friendly In the IT Service Sector Filipino Workers are considered the new breed of world-class service professionals and are referred to as Global Knowledge Workers because they are intelligent and able to compete at the highest levels among the best in the world. BUSINESS-FRIENDLY POLICIES • 100% Foreign Ownership of Companies; • Basic rights of Investors are guaranteed (right to remit profits and pay foreign obligations, right to repatriate investments) • Simplified investments procedures STRATEGIC LOCATION Russia Canada Germany United Kingdom EUROPE United States of America France China Korea Middle East Africa Japan Taiwan Hong Kong Philippines Atlantic Ocean India Thailand Malaysia Singapore Indonesia Pacific Ocean Australia New Zealand South America VERY HOSPITABLE and COMFORTABLE SECOND HOME to EXPATRIATES • Very friendly attitude of Filipinos towards foreigners • Availability of quality primary and secondary education Presence of International Schools • Housing closest to meeting western standards at very reasonable rental rates • Best sporting and recreational facilities Many world-class golf courses. • World class health care services (Result of a survey conducted on expatriates in Asia) WHY INVEST IN PEZA ECONOMIC ZONES A. FISCAL INCENTIVES B. NON-FISCAL INCENTIVES FISCAL INCENTIVES for EXPORT COMPANIES • Income Tax Holiday (ITH) or Exemption from Corporate Income Tax for four years, extendable to a maximum of eight years; • After the ITH period, payment of the special 5% Tax on Gross Income, in lieu of all national and local taxes; • Exemption from duties and taxes on imported capital equipment, spare parts, supplies, and raw materials; • Domestic sales allowance of up to 30% of total sales; • Zero Value-Added Tax (VAT) Rate on local purchases to include telecommunications, power, and water bills; • Exemption from payment of local government taxes and fees. NON-FISCAL INCENTIVES for EXPORT COMPANIES • Employment of foreign nationals; • Special visa for foreign investors and immediate family members; • Unequalled service by PEZA. PEZA IS A ONE-STOP SHOP • Building and Occupancy Permits are issued by PEZA. • Import and Export Permits are issued by PEZA. • Automated and web-based Import & Export Procedures and ePayment System (Paperless Transactions). • Special multiple-entry non-immigrant visa processed in PEZA. • Environment Clearance processed thru PEZA. • • Exemption from Local Government Permits and Fees. Registration requirements simplified, registration forms downloadable from website and uncomplicated, approval made easy. PEZA IS A “NON-STOP SHOP” • At the zones, PEZA provides 24 hours a day, 7 days a week of continuous service to locator companies. • The Director General herself and other PEZA officials are on call 24 hours a day, 7 days a week. In PEZA, • NO RED TAPE • ONLY RED CARPET TREATMENT In PEZA, there is NO GRAFT NO CORRUPTION ISO 9001:2008 PEZA’s Quality Management System is certified ISO 9001:2008. PEZA is certified ISO 9001:2008 for all its processes, at all levels, in all sites, nationwide. ONLY PEZA CITED FOR BEST PRACTICE AMONG ECONOMIC ZONES WORLDWIDE “Under PEZA, the Philippines has shown dramatic improvements in Investment Climate. End Result – PEZA is a shining example of successful regulatory reform improving overall investment climate in the country” Study of Gohan Akinci Foreign Investment Advisory Services (FIAS), International Finance Corporation of the World Bank (IFC-WB) We now have a Reformist Government that is open for business. President Aquino’s Policy Thrusts: 1. 2. 3. 4. Good Governance Level Playing Field Transparency No Corruption Philippines’ Competitive Advantage on Business Environment in Comparison to other Asian Countries January 2012 Japan External Trade Organization (JETRO) Manila 1. Moderate Cost 1.1 Problems of Increasing Financial Costs (%) 0 10 20 30 Malaysia 61.5 Thailand 56.7 India 54.6 Vietnam 53.6 Indonesia 51.9 Philippines 46.7 40 50 60 70 1.2 Problems in Shortage of Land/Offices, Rising Land Prices/Rental 0.0 5.0 10.0 India 32.0 Vietnam 18.0 Indonesia 17.2 Thailand 12.7 Malaysia Philippines 15.0 9.8 5.8 20.0 25.0 30.0 (%) 35.0 1.3 Problems in Skyrocketing Payroll Costs (%) 0 10 20 30 Vietnam 61.3 Thailand 48.1 India 45.2 Indonesia 40.8 Malaysia Philippines 27.5 18.2 40 50 60 70 2. Sufficient Labor Supply 2.1 Difficulty in Recruiting General Staff (%) 0 5 10 15 Vietnam 36.7 Malaysia 31.2 Thailand 31.1 Indonesia 4.4 India 4.2 Philippines 3.2 20 25 30 35 40 2.3 Low Rate of Worker’s Employment Retention (%) 0 10 20 Vietnam 48.7 Malaysia 42.5 India 41.6 Thailand 33.6 Philippines 30.6 30 40 50 2.4 Problems of Worker’s Competency (%) 0 10 20 Myanmar 56.3 Vietnam 48.7 India 45.8 Malaysia 44.7 Indonesia 42.2 Thailand 40.9 Philippines 37.9 30 40 50 60 2.2 Number of Strikes/Lockouts (Unit: Number) 2008 2009 2010 2011 Philippines 5 4 8 2 Thailand 7 5 3 14 Vietnam 720 218 422 857 India 421 345 382 389 Source Philippines: National Conciliation and Mediation Board Thailand: Department of Labour Protection and Welfare Vietnam: Ministry of Labor, War Invalids & Social Affairs India: Ministry of Labour & Employment, Labour Bureau Philippines Most Popular Expansion Destination of American Companies in ASEAN Source: Survey Conducted by the US Chambers of Commerce in ASEAN Manila Bulletin, September 4, 2012 TOP CHIPMAKERS 8 OUT OF THE WORLD’S TOP 20 CHIPMAKERS ARE OPERATING IN THE PHILIPPINES TIPI Analog Philips Sanyo Fairchild On Semi Samsung Rohm Source: SEIPI TOP HDD PRODUCERS FOUR OF THE LARGEST HDD PRODUCERS IN THE WORLD ARE IN THE PHILIPPINES Hitachi Toshiba Fujitsu NEC Source: SEIPI THE WORLD’S TOP ELECTRONICS FIRMS CEBU MITSUMI –manufactures computer peripherals and components such as CD-R, CD-RW, optical pick up AMKOR – manufactures IC packaging with 400 formats, from leadframe to BGA solutions EPSON – one of the top 3 terminal printer production base of global Epson group, producing its 10 millionth printer LEXMARK – produces 40 million printheads/year CONTINENTAL – produces ABS, sensors SUNPOWER – produces solar panels Source: SEIPI WITH HOMEGROWN SMS & EMS FIRMS IMI Ionics PSI Fastech Team … and a cluster of homegrown ODMs time recorder, AVR, power supplies, alarm systems, electronic ballasts, testers, GPS tracking, automated toll collection, others Notes: SMS – Semiconductor Manufacturing Services EMS – Electronics Manufacturing Services ODM – Original Design Manufacturing AVR – Automatic Voltage Regulator GPS – Global Positioning System Source: SEIPI TOP ECONOMIC ZONE INVESTORS TI (Philippines), Inc. Electronics American/Dutch Taganito HPal Nickel Corp. Basic Metals Japanese Toshiba Information Electronics Japanese Tiger Resort Tourism American/Japan Travellers International Tourism Filipino Sunpower Philippines Solar Cells American/Cayman Ibiden Philippines Electronics Japanese Coral Bay Nickel Corp. Basic Metals Japanese Amkor Technology Electronics Singapore/US NXP Semiconductors Electronics Dutch Canon Business Machines Electronics Japanese MCE Leisure Corporation Tourism British Virgin Isl. TOP ECONOMIC ZONE INVESTORS Hoya Glass Disk Electronics Japanese Epson Precision Electronics Japanese PASAR Basic Metals Filipino Rohm Electronics Electronics Singapore/Jap Samsung Electro-Mech Electronics Korean HGST Philippines Electronics Dutch/Japanese Toyota Autoparts Automotive Japanese St. Luke’s Medical Center Medical Tourism Filipino Tsuneishi Heavy Ind Shipbuilding Japanese STMicroelectronics, Inc. Electronics Swiss Integrated Micro Electronics British Panasonic Precision Electronics Dutch/Japanese TOP ECONOMIC ZONE INVESTORS Convergys IT American Sureste Properties Tourism Filipino American Power Electrical Mach American Taiyo Yuden Electronics Japanese Lufthansa Technik Air Transport German Pilipinas Kao, Inc. Chemical Products Japanese Terumo Phil Medical Instrm’t Japanese Nidec Philippines Electronics Japanese TDK Philippines Electronics Japanese Analog Devices Electronics American/Dutch Green Future Innovation Agro-Industrial Filipino Accenture IT Dutch TOP ECONOMIC ZONE INVESTORS JP Morgan Chase Bank IT American On Semiconductor Electronics American Continental Temic Electronics German Schweitzer-Mauduit RTL Tobacco Products American Brother Industries Office Equipment Japanese House Technology Plastic Products Singapore/Jap Funai Electric Cebu Office Equipment Japanese Stream International IT American/Dutch Teletech IT American Smart Electronics Electronics Korean PV Tech Electrical Mach Singapore/Jap Cypress Electronics American PEZA 75 Chinese Locator Enterprises are operating in PEZA Economic Zones Number of PEZA-Registered Enterprises with Chinese Equity by Sector INDUSTRY SECTOR MANUFACTURING NO. OF ENTERPRISES 48 Electronics / Semiconductor Electrical Machinery and Apparatus, N.E.C. Medical, Precision and Optical Instruments, Watches and Clocks 5 2 1 Radio, Television and Communication Equipment and Apparatus 2 Tobacco and Tobacco Products Garments and Textiles Wood, Wood Products & Cork Chemicals and Chemical Products Rubber and Plastic Products Basic Metals Fabricated Metal Products Machinery and Equipment, N.E.C. Furniture Recycling Manufacturing, N.E.C. INFORMATION TECHNOLOGY SERVICES 2 5 1 1 8 2 13 3 1 5 2 12 Call Centers Software Development Data Encoding, Transcribing and Related Services Business Process Outsourcing Other IT-enabled Services 4 2 1 4 1 REAL ESTATE, RENTING AND BUSINESS ACTIVITIES 9 HOTELS AND RESTAURANTS 1 TRANSPORT, STORAGE AND COMMUNICATIONS 5 TOTAL 75 CHINESE ELECTRONICS AND SEMICON COMPANIES Newly Ever Rise Electronics – Philippine Branch JTK Electronic Components Philippines Incorporated A.L. E-Component Int’l., Inc. Nakayama Seimitsu Manufacturing Inc. Aruze Philippines Manufacturing, Inc. CHINESE FABRICATED METALS COMPANIES Famous Secret Precision Machining, Inc. Techno Moldplas (Phils.), Inc. Boamax Philippines Technologies, Inc. Chin-Ching Metal Works Manufacturing Corporation Steelwell Industrial Hardware (Phil.) Corporation Meltedc Philippines Corporation Northeast Precision, Incorporated MD Aerospace Fabrication Services Incorporated L N Resource Corp. San Mind Philippines, Inc. CHINESE RUBBER AND PLASTIC PRODUCTS COMPANIES Choei Plastic World Philippines Inc. Iship Logipack Incorporated Artpack Philippines, Inc. YJC International Corporation Zhiyuexian Precise Plastics, Inc. Nano Smart Material Philippines, Inc. OB Kogyo (Philippines) Inc. Peace and Young (PY) Plastic Hardware CHINESE GARMENTS AND TEXTILE COMPANIES First Glory Philippines, Inc. Hideka Manufacturing Corporation Modern Times Printing Int’l., Inc. HRDI Incorporated Providence Apparel International Manufacturing Corp. CHINESE MACHINERY AND EQUIPMENT COMPANIES Info Bright Philippines, Inc. J.I.T Injection Machinery Philippines Corp Phase Design, Inc. CHINESE OTHER MANUFACTURING COMPANIES Sawo, Inc. Manila Welcome Industrial Corporation CHINESE TOBACCO PRODUCTS COMPANIES Bayabas Tobacco Corp. Li Yuan Ventures Mfg Corp CHINESE CHEMICAL PRODUCT COMPANY Minmet Materials Co., Limited CHINESE BASIC METALS COMPANIES Century Hua Guang Smelting Incorporated Omon Group Inc. CHINESE RECYCLING COMPANIES Renewable Products Group, Inc. Langcheng Technology Philippines, Inc. Stone Technology Phils., Inc. Uni-infotech Phils., Inc. Manstate Wireless Inc. CHINESE WOOD PRODUCT COMPANY Mactan Wood Carving & Gilding Corporation CHINESE FURNITURE COMPANY Finlay Cabinetry Inc. CHINESE I.T. COMPANIES – CALL CENTER Oneworld Connections Inc. Eveb Corporation Simpro Solutions Philippines, Inc. Impera Global Tech Inc. CHINESE I.T. COMPANIES – SOFTWARE DEVELOPMENT Oneglobal Services, Inc Betica Technology Solutions Inc. CHINESE I.T. COMPANIES OTHER BPO Luen Thai Macao Commercial Offshore Company Limited – Phil Branch Golden Mango International Technology Co., Inc. Infinit-O-Legazpi Inc. Desired Ranking Solutions, Inc. ECU International Far East Limited – Philippine Branch Beijing Adam International Philippine Branch CHINESE REAL ESTATE COMPANIES Shen Long Property Management Inc. Premer Star Land Corporation Ajul Ecozone Properties Corp. Evergreen Park Development Corporation Cebu ATG Realty Development Corporation Dimplex Development Corp Iraj Realty & Development Corporation Absco Int’l Corporation Wealthbuilt Development Corporation CHINESE LOGISTICS COMPANIES Choei Plastic World Philippines, Inc. YJC International Corporation Omon Group Inc. – Warehousing Division Famous Secret Precision Technology & Services Inc. PH J&M International Cp., Ltd., Inc. CHINESE TOURISM COMPANY Vauban Holdings, Inc. AWAITING YOUR INVESTMENTS !