| Abstract | Many Taiwanese have yet to forget the case of USI Petrochemical. The Taiwan giant was all set to build a $200-million petrochemicals plant in the Philippines. Politicians fought for the project to be located on their turf. USI decided on Batangas province. In 1991, the Philippine Supreme Court ordered it to set up in Bataan, the plant's original destination. USI pulled out in disgust. Recently, Taiwan's Tuntex group also abandoned plans for a $4-billion petrochemicals complex in Pangasinan, home province of President Fidel Ramos, because of regulatory delays at its $1-billion Philippine cement project. |
|---|
