PH electronics can lure investors spooked by trade war: analyst

ABS-CBN News

Posted at Jul 02 2019 10:53 AM

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MANILA -- The Philippines can leverage its strength in electronics manufacturing to lure investors seeking alternative sites as the US-China trade war raged, an analyst said Tuesday.

The truce that US President Donald Trump and Chinese President Xi Jinping agreed on the sidelines of the G20 Summit is "the best one can expect" at this point, said Hoe Ee Khor, chief economist of the ASEAN Plus 3 Macroeconomic Research Office or AMRO.

Threats of further tariffs around the world led AMRO to lower its growth projection for ASEAN Plus 3 to 4.9 percent from 5.1 percent, he said.