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Hong Kong toy makers eye relocation, expansion in the Philippines — DTI-BOI


By TED CORDERO, GMA News
Published March 10, 2021 11:10am
The Toy Manufacturers’ Association of Hong Kong (TMHK) has expressed interest to relocate their toy production operations as well as expand in the Philippines, citing recent fiscal legislations that boost their confidence in investing in the country, the Department of Trade and Industry’s Board of Investments (DTI-BOI) said Wednesday.
In a statement, the DTI-BOI said officers and members of TMHK disclosed their intent during an online information session with the agency last month, particularly on the various investment opportunities in the country. 
The toy manufacturers’ group, led by its president Samson Ko, “acknowledged the rising production costs that their members have been experiencing and, thus, are seriously considering the Philippines for possible relocation and expansion of their operations,” according to the DTI-BOI. ....

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Hong Kong-based toy manufacturers mull relocating to Philippines


Hong Kong-based toy manufacturers mull relocating to Philippines
BusinessWorld
3/10/2021
© Provided by BusinessWorld
HONG KONG-BASED toy manufacturers are considering relocation to the Philippines, the Board of Investments (BoI) said on Wednesday.
At the same time, a survey by Standard Chartered found companies based in the United States and Europe are looking at the Philippines as part of its expansion plans in Asia.
The BoI in February met online with representatives of the Toy Manufacturers’ Association of Hong Kong, whose 250 members have operations in Hong Kong and mainland China.
“(The) toy makers’ association acknowledged the rising production costs that their members have been experiencing and, thus, are seriously considering the Philippines for possible relocation and expansion of their operations,” BoI said in a press release on Wednesday. ....

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