5 months 20 global manufacturing firms fleeing China skip PH MB |Biz
By Bernie Cahiles-Magkilat Some 20 global manufacturing giants fleeing from the trade war zone of China that eyed the Philippines as relocation site have already looked elsewhere in ASEAN because the uncertainty posed by the TRABAHO Bill continued to discourage foreign investors. Charito B. Plaza Charito B. Plaza, Director-General of the Philippine Economic Zone Authority (PEZA), told reporters that these firms have approached them separately in March this year when the trade war between the US and China was reignited. Plaza said these companies are a mixed of investors, including Japanese, Chinese, Americans and Europeans and have relocated to other ... more