The Philippine manufacturing industry is poised to grow strongly in the near-term but challenges are growing, London-based Capital Economics said. A number of reasons also allow for optimism about the medium-term outlook, Capital Economics added. The Philippines should benefit with low-end labor-intensive manufacturing leaving China in search of cheaper places elsewhere, Capital Economics said. “[I]f companies are to invest in new manufacturing capacity, they need a stable and predictable business environment,” Capital Economics said. The Philippines could fail to meet its full potential without a vibrant manufacturing sector, Capital Economics concluded.

Source: Manila Times February 11, 2018 17:15 UTC