COURIER Federal Express will decide by the middle of next month which two cities are to become its regional hubs.
Joseph McCarty, senior vice-president for Asia-Pacific and the Middle East, said Manila had emerged as first choice for the main hub, with former US naval base Subic Bay a close second.
The second hub is likely to be established at Taipei's Chiang Kai Shek airport, where the Government has agreed to release off-site space for couriers to establish bonded warehouses.
Mr McCarty said space was the main problem at Taipei, and that Shenzhen and Macau were in the final round of candidates.
He said that after the decision was made, it would take about a year to build the facility in the Philippines, and the level of investment involved would depend on which location was chosen.
''Manila will require a little more investment because its infrastructure is not as good as Subic Bay's,'' he said, while declining to disclose any figures.