Trade Secretary Gregory Domingo said it cannot be denied there is growth even in manufacturing and that the Philippines is in the "sweet spot" of investors compared with its neighbors, where it posted the second fastest growth in the region after China.
said in manufacturing grew 5 percent in the first half despite the 7 percent decline in electronics.
"This means non-electronic sectors are growing at double-digit rates," Domingo
said a number of companies are either building or about to build their factories.
The Department of Trade and Industry (DTI), he
said, has received about 320 companies in inbound missions in the first half, which is more than what it had generated in the whole of 2011 and 2010.
"That's how strong investment interest is.
The future is bright.
Our story is very good across the board," Domingo
A number of major electronics companies have registered with the Philippine Economic Zone Authiority - Canon
, among others.
Apart from electronics, Domingo
cited prospects in garments, footwear, shipbuilding and even consumer goods.