Despite the projected economic difficulties in the coming year, exports of garments, textile and apparel are seen growing by measly two percent to around $1.33 billion starting in the middle of 2024 as industry players expand into new markets to boost revenues. Robert M. Young, FOBAP...
The country’s garment export this year is expected to hit $1.5 billion on favorable headways causing major shift in orders to the Philippines from big producers Vietnam and China. Robert Young, president of the Foreign Buyers Association of the Philippines, said there is no official 2022 garment...
The Department of Finance (DOF) is reviewing the Bureau of Internal Revenue’s (BIR) regulation, technically deferring the imposition of the value-added tax (VAT) on exporters’ purchases from local suppliers and indirect/constructive export transactions. Finance Secretary Carlos G. Dominguez III...
Garment and furniture exporters joined calls for the government to step in and address the deteriorating shipping and logistics situation in the country. Robert Young, Philippine Exporters Confederation, Inc. (PHILEXPORT) trustee for the textile sector and president of the Foreign Buyers...
At least $500 million worth of garment and apparel importation from top international buyers, particularly US brands, have been shifted to the Philippines, according to the Foreign Buyers Association of the Philippines. This was announced by Robert M. Young, FOBAP President and trustee of the...
Philippine garment factories expect to receive new orders worth up to $500 million from top global fashion brands as they start transferring production orders from troubled Myanmar to the Philippines and other Asian countries. Photo credit: (Philexport News and Features) Foreign Buyers Association...
Foreign buyers move out of Myanmar Local garments factories expect to receive new orders worth up to US$500 million from top global fashion brands as they start transferring production orders from troubled Myanmar to the Philippines and other Asian countries, providing huge relief to the...
Exports of garments and hard goods are expected to grow by as much as 15 percent to about $1.4 billion this year as buyers reinstated their cancelled orders last year due to the pandemic. Robert Young, president of the Foreign Buyers Association of the Philippines (FOBAP). Robert Young, president...
