Japan announced last week that more than 200 of its manufacturing companies operating in China and Japan have expressed interest to relocate their businesses in the Philippines in the next five years.
According to Japanese Chamber of Commerce and Industry of the Philippines Inc. headed by Nobuo Fujii saying some of the firms had already started moving their operations here last year, because the Philippines is as a very competitive country.
“There are already 1650 Japanese companies located here. We have many inquiries from Japanese firms and we still receive inquiries up to now, which can increase by 200 up to 300 easily,” he said.
Fujii said that most of the companies relocated here from China were engaged in information technology (IT) while some others in automotive and parts manufacturing like the Japanese bicycle maker Shimano has just opened a P1.2B facility in Batangas.
Japanese watchmaker Citizen also shut down its China factories and decided to move in the Philippines and the Mitsubishi Power Industries is another giant who is scheduled also to move in the Philippines according to latest news.
Fujii also said that some of the firms expressed interest in locating their operations in the Calabarzon (Cavite, Laguna, Batangas, Rizal and Quezon) area.
He said, “Philippine investment program and tax incentives given to foreign investors particularly those offered by PEZA (Philippine Economic Zone Authority) and BOI (Board of Investments),is also the reasons why more of its Japanese companies were establishing their business presence here.”
Fujii added, that China’s rising wages also prompted some firms to move their production here and a competitive advantages of the Philippines, including its well educated English-speaking workforce and good quality infrastructure is also the main key.
Thanks Japan, But lets solve first our waste management problem….
This will further reduce our unemployment rate (the lowest in the country in 10 years, but still number 3 in ASEAN. However, minimum wage should be increased so that bottom lines (poverty issues) are really addressed. On the other hand high tech companies will still be dependent on china for the so-called “rare earth” which is the primary component of computers. 95% of the worldwide supply of rare earth is sourced in china.
Don’t worry, China and all chinese will get over your decision not to buy their phones.
How rude saying China manufactures low grade products. China is an industrial giant that makes almost half of the worlds supplies. Think twice before degrading a economical sleeping giant.
The Japanese people, especially their leaders, are known for their integrity. They always put their money where their mouth is. Unlike the chinese government people who are prone to double talk, saying things vastly different from their actions. A thousand thumbs up to the Japanese!
Quite the contrary, integrity with the leaders? Is only superficial and because it’s all hush hush here. Better review your history about double talk, while the ambassador of Japan is giving gifts in the U.S., his superiors had already left to attack Pearl Harbor. Giving a new personification to the saying ” Beware of Greeks bearing gifts”.
Yah that’s defintely right.But all is in the past and the Japanese learned there lesson well. So i think this will bw the start of the Asian TIGER TO RISE AND BE KNOWN AGAIN…
Move on, it’s been long ago that the US moved on with World War II. Stay with real issue about China’s greed and double talk.
Are you Chinese? Different era, different people, different attitude, different perspective. People in history does not reflect the same values with the people of today.
Attack by Japanese to Pearl Harbor make them great as they accept there fault.Japanese can now be trusted compare to Chinese.They want to solve the issue with the claimant of Spratly directly through bilateral talked and warn US not to get involved but still they continue to move and grub/expand because they look philippines is so small and no match for them.
Welcome japanese investments…if we want to make a difference, then let’s TRY to nọt patronize ANY CHINESE related product…easier said than done thọugh…but this is the LEAST we can do…one little step at a time
I have already done my part..
What part have you done?
As you see that was my reply to Julius Lapus. Read his comment first.
THANK YOU LORD FOR THIS BLESSINGS TO OUR COUNTRY. AND GIVE US NEXT LEADERS TO CONTINUE THIS GOOD GOVERNANCE IN OUR COUNTRY, PLS DON’T LET THE CORRUPTS AND LIARS RULE US ONCE AGAIN. HAVE MERCY ON OUR COUNTRY, AMEN
good news
aabot pisnge ang tawa ng mga politiko dito… e kukurap lang yan dito sa pinas kawawa mga taong bayan tiis2x lage may trabaho nga pero ang hirap padin di kasya minimum rate ahay
This is a good move by these Japanese firms. This is also good for our country and economy may the next president will be responsible enough to uphold the interest of our country.
Yes! this is good for our country, the PH.
Good news they will come here in the Philippines, bad news Chinese businessmen here in the Philippines will take over that business.
ok, will china supply us the raw materials? specially rare earth?
The government must sustain these investments by strengthening its navy and arm forces. with that, anti-smuggling campaign will achieve better result.
Now a days, Japanese can now be trusted than Chinese. Chinese act different from what they talked and promised. What Chinese done in south china sea forced Japan to teach them a lesson.Chinese officials are no.1 in bribery.Banzai plus mabuhay make Chinese think and retreat.
Bantayan dapat yung mga kakampi ng China dito. Isasabotahe yan ng mga Militanteng grupo, puro sulsol ang gagawin sa mga mangagawa na maglunsad ng welga. Hayan ang gawain ng mga kunyari makaBAYAN dahil gusto nila walang foreign investors.