Officials say manufacturers in southern China moving to Philippines due to rising costs
By Associated Press
Tuesday, March 6, 2012
MANILA, Philippines — Philippine officials say rising labor costs in China’s southern coast are driving big foreign manufacturers to relocate to the country.
Trade Secretary Gregory Domingo said Tuesday there has also been “very strong†interest from Japanese investors who are looking for tracts of land in Philippine export processing zones. They include electronics, ship building and steel companies.
He said investors relocating to the country include foreign garments factories closing in China. A big company which left the Philippines has decided to return, while another one is seriously considering coming back, he said.
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Topic: China manufacturers moving to the Philippines? (Read 678 times)