The Philippines and Indonesia are the most profitable locations for Japanese companies among seven Asian countries, according to a survey, conducted by the Japan External Trade Organization (JETRO)-Manila in October-November, 2012, on Japanese-affiliated companies in Asia and Oceania, and released on February 12, 2013. The survey assessed competitiveness in the seven countries – China, Myanmar, Thailand, Vietnam, Malaysia, India, Indonesia, and the Philippines.
The Philippines posted a 71.9% profitability in the survey. When it comes to good management, the survey showed the Philippines had the least difficulty when it comes to recruiting general staff, with a 4.3% rating. The Philippines was found to have reasonable salary rates.
The Philippines scored high in industrial peace. Foreign investors appreciate the Philippines for not so time-consuming customs and administrative procedures.
In 2012, JETRO-Manila received nine investment missions. It cited the Philippine Economic Zone Authority for its role in providing assistance to Japanese companies. JETRO Manila is part of the organization’s worldwide network of over 70 offices in 54 countries. For Japanese companies, JETRO creates business tie-ups with overseas companies. Philippine companies benefit through JETRO’s programs for technology improvement, environmental protection, and business matching.
We congratulate the Philippine Economic Zone Authority headed by Director General Dr. Lilia B. de Lima and Japan External Trade Organization-Manila Executive Director Ryoichi Ito, and other Officers, in their partnership to improve the competitiveness of the Republic of the Philippines. We wish them the best and success in all endeavors. CONGRATULATIONS AND MABUHAY!