Presidential Office spokeswoman Garfie Li said that if Manila can not give a positive response within 72 hours, the applications of Filipino laborers will be suspended.
Taiwan will also recall its representative to the Philippines and request that Philippine representative to Taiwan return to Manila, the CNA report said.
Last Thursday, Philippine forces fired at the Taiwanese boat "Kuang Ta Hsing No. 28" following an encounter at disputed waters off Extreme Northern Luzon.
A 65-year-old Taiwanese fisherman was shot dead in the incident, even as the Coast Guard said its initial reports indicated the boat tried to ram the Philippine vessel.
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