TOKYO - Yamaha Motor, Japan on Thursday announced plans to build a new motorcycle factory in the Philippines. Yamaha will start operating a first assembling plant in the Philippines next month with a production capacity of 70,000 motorcycles in 2008 and it will start operating in 2009.

Nikkei business daily reported the initial investment in the new plant south of Manila will be about three to four billion yen ($25-$33 million). (Read more here)