The eyes of major foreign investors in garment production are directed to the Philippines as the cost of production in China is getting expensive including the cost of labor.
Gregory Domingo, the Philippines' Trade Secretary under the PNoy Aquino administration reveals that major garment firms are considering the relocation of their operation to the Philippines from China.
Domingo did not disclose the identity of the firms but he said that a big garment firm who moved from the Philippines is returning back to the country. This is a great news for the Philippine economy and hope that these fortunes coming to the Philippines will be sustainable.
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