PH an “attractive market” for manufacturing investments – JETRO
The Philippines remains an attractive market for manufacturing investments as Japanese businesses still see the country as a good investment destination for manufacturing, said Japan External Trade Organization (JETRO) Manila Office Investment and Economic Partnership Agreement (EPA) advisor Tomihiro Ando.
According to Ando, the country’s young demographic, large market base, and relatively stable salaries are “very attractive.” He added that the Philippines’ manufacturing cost is the second-lowest compared to other Asian countries, next only to Vietnam.
The Outsource Accelerator Newshub previously reported that Japan is the country’s top source of foreign direct investments for the past 26 years.
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