European businesses eyeing expansion in Albay

LEGAZPI CITY: Albay will soon host a low-cost, labor-intensive manufacturing industrial area with a potential capacity to be developed into a special economic zone where labor costs are substantially lower compared to those in Central Luzon and Metro Cebu, according to the European Chamber of Commerce of the Philippines (ECCP).

“We feel that Albay could be such a location and we would like to discuss our concept in more detail with you during your next visit to Manila,” Henry J. Schumacher, ECCP vice president for external affairs, told Albay Governor Joey Sarte Salceda in a recent letter.