PH considered ‘one of the best’ in SE Asia for foreign investments

The Philippines does not only have its natural resources and magnificent destinations to boast of, as the country is also lauded for its growing economy.

Simon Shen, CEO of electronics manufacturing firm Cal-Comp Technology Philippines, said in an interview during ANC’s Market Edge that the country has good engineers, intelligent workers, and very reasonable operational costs — all of which make the Philippines the best option for businesses who are looking to invest in Southeast Asia.

Moreover, according to Shen, some of their clients are “seriously considering” transferring their operations to SE Asia amid the looming trade war between the US and China.

“We are continuing to do expansions in the Philippines,” he said. “Right now is the best timing for us.” Shen added that the weaker peso bodes well for their export business.

As for which products Cal-Comp is bringing to the local market, Shen said they are discussing with a potential partner to introduce AI robotics in shopping malls, hospitals, and hotels.

They are expected to hire 5,000 more employees from now to the end of 2019, and 7,000 to 8,000 more jobs in the coming years.

via ABS-CBN News