MANILA - FedEx on Wednesday denied reports that it would relocate its Asia Pacific hub to the Philippines from China, following an announcement made by a Filipino diplomat.
Statements released by Philippine Ambassador to the US Jose Manuel Romualdez, which "appeared to imply" that FedEx is relocating its Asian hub to the Philippines, is "unequivocally incorrect," FedEx Express said in a statement.
"FedEx is not relocating and has no plans to relocate its Asia Pacific Hub," the statement said.
The logistics firm also confirmed plans to operate in Clark to better serve customers in the Philippines and as part of its ongoing expansions in the Asia Pacific region, the company said.
FedEx said it remained committed to its consumers and employees in both China and the Philippines.