Oras na para magpahumot ta sa mga Japanese investors..
Oras na para magpahumot ta sa mga Japanese investors..
Japanese manufacturers move to Philippines
Manila (Philippine Daily Inquirer/ANN) - Japanese manufacturers are making a beeline to the Philippines due to its young, English-speaking labour market following a rising yen at home and risk factors like floods and political changes in other hubs.
Electronics firm Furukawa Electric Co. Ltd. and adhesives maker Cemedine Co. Ltd. are the latest to invest with a combined 1.016 billion yen (US$12.9 million) in initial capitalisation alone. This brought new Philippine investments by major Japanese companies to at least 16.51 billion yen so far this year.
Furukawa Electric¿s subsidiary, Furukawa Automotive Systems Inc. (FAS), established a wholly owned unit called Furukawa Automotive Systems Lima Philippines Inc. with a capitalisation of 1 billion yen to make wire harnesses for Japan-made automobiles by March next year. FAS said in a report that increasing demand for its products made it put up a ¿first step¿ export hub in the Philippine for its Asian expansion.
Cemedine will establish Cemedine Philippines Corp. with a capitalisation of 16 million yen to manufacture and sell adhesive, ceiling and related products by April 2013.
Also setting up new facilities by 2013 are Bandai, the toy maker of Power Rangers and Gundam fame (744 million yen); Fujifilm Corp., which will make optical lenses for digital cameras, projectors and surveillance cameras in Laguna (2.3 billion yen); and electronics components maker Murata Manufacturing Co. Ltd. (620 million yen).
Expanding their Philippine presence are Canon Inc. and Brother Industries Ltd., which are set to make printers with initial investments of 6 billion yen and 4.23 million yen, respectively.
Big bang jud ni.
m.decline na nya ning ekonomiya sa china karon pang nakig.tigi cla sa japan.....daghan sa mga intsik mawad.an ug trabaho sa mga japanese firms
cg china pang bully pamo pra atras tanan mga investors... hahaha...
Nah wala na ang skarboro kay gibaligya ni trilyanes.... ahak nalang...
this will create a ripple effect in china ....
weeeeeeeeeeeeeee! good job china! cge pamo pambayad ug mga mo-rally2 epik diha!
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