INQUIRER.net: PH to reel in $20B in foreign investments from Japan, says economic analyst

INQUIRER.net Philippine News for Filipinos

PH to reel in $20B in foreign investments from Japan, says economic analyst Jan 16th 2013, 23:59 MANILA, Philippines—The Philippines is well poised to profit from Japan Prime Minister Shinzo Abe's move to steer clear of China and move to Southeast Asia for capital expansion.   Trade and Industry Secretary Gregory L. Domingo told the Philippine Daily Inquirer: "I agree we will benefit, we are already seeing some of it now."   Japan is the country's biggest business partner with  total trade and investments of $13 billion and the third biggest source of tourists.   Albay Gov. Joey Salceda, an economist, said that Japan's fear of China's increasing military and financial might would likely  trigger the second massive outflow of Japanese direct i... Keep on reading: PH to reel in $20B in foreign investments from Japan, says economic analyst Media files: joey-salceda.jpg (image/jpeg)

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