The Philippines is now the “it” country for investments in Asia. After becoming the second fastest growing economy in the world next only to economic giant China, all eyes are now on the Philippines as an investment haven.

Rommel Juan, president of the Electric Vehicle Association of the Philippines (EVAP), said that with the unfavorable interest rates now being experienced by Japan, it is more beneficial for Japanese businessmen to invest their money in a business rather than to keep it in a bank. “They have thus put the Philippines on top of their list for possible investments ahead of Thailand and Vietnam. And the electric vehicle [EV] industry is one sunrise industry they have set their eyes on,” he said.

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