Philippines seeks to gain from Japan-China row
Published on Sep 26, 2012 3:51 PM
MANILA (AFP) - The Philippines is seeking to lure investment from Japanese companies that are being hurt by their country's bitter territorial dispute with China, a senior trade official said on Wednesday.
Philippine Trade Undersecretary Cristino Panlilio said the government was courting 15 of these companies with the best potential for relocating some of their operations from China to the Philippines.
"We don't want to say we want to take advantage of the misery of others but we're trying to be practical and help the Japanese," Mr Panlilio told reporters. "We have marching orders to our trade attaches to approach these Japanese companies, both in China and Japan."
He declined to name the companies that were being approached.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!