Colliers Philippines on Thursday revealed that Japanese manufacturers have expressed interest to invest in the country
As of August 2022, Japan, a key trade partner of the Philippines, accounted for 27 percent of total Philippine Economic Zone Authority - approved investments. PEZA expects the expansion of Japanese locators particularly in the chemicals, automotive, computer and optical products, and transport and logistics industries
“The Philippine government is working on reviving the manufacturing as one of the major pillars of the country’s economic revival. No less than President Marcos has ordered the development of the country’s manufacturing capabilities, and this should benefit the industrial sector in general. Over the near to medium term, the sector’s growth is likely to be supported by investments from new trade deals and the emergence of new industries including the electric vehicle industry.
Source: Loan Digest (loandigest.net)
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