US EditionHigh power costs weigh on industrial sector growth - BusinessWorld Online
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High power costs weigh on industrial sector growth - BusinessWorld Online
By Beatriz Marie D. Cruz, Reporter PROPERTY consultants remain optimistic about the Philippines’ industrial sector growth this year amid the entry of high-value manufacturers, but caution that high power costs continue to pose significant risks. “From 2020 to 2023, we have toured more than 20 Chinese companies from China, but only one proceeded to expand in the Philippines, while more than half went to Vietnam,” Jettson P. Yu, founder and chief …
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