PH seen as 'one of the best' in SE Asia for foreign investments

ABS-CBN News

Posted at Jul 12 2018 05:58 PM

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MANILA - The Philippines is one of the best countries in Southeast Asia for foreign investors who are planning to move their operations in the region, the CEO of an electronics manufacturing firm said on Thursday.

Cal-Comp Technology Philippines CEO Simon Shen told ANC's Market Edge that the Philippines has very intelligent workers, good engineers and very reasonable operational costs that make the country the best option for businesses looking to invest in Southeast Asia. 

Shen said some of their clients are "seriously considering" moving their operations to Southeast Asia amid the looming US-China trade war.

"I’m looking forward for them to come to Philippines," he said.

He said his company's expansion plans here are underway, adding that the weaker peso is very good for their export business.