Tag page - Local manufacturing sector

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Manila Bulletin

CARS models achieve 42% local content

Local content in domestic automotive manufacturing more than doubled to 42 percent from only below 20 percent following the implementation of the Comprehensive Automotive Resurgence Strategy (CARS) Program, reported a top official of the Department of Trade and Industry (DTI). DTI Undersecretary...
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What is the DTI's safeguard duty and how will it affect new imported cars?
Just a few days ago, the Department of Trade and Industry announced the imposition of a safeguard duty or tariff on imported cars in response to a petition made by the Philippine Metalworkers Alliance (PMA). The provisional safeguard duty will be in the form of a cash bond amounting to P70,000/unit...
Manila Bulletin

Manufacturing hits 7-month high in Sept.
The local manufacturing sector registered a seven-month high in September this year amid easing community quarantine restrictions in the country, the latest monthly survey of IHS Markit revealed. The Philippines Purchasing Managers' Index (PMI) increased to 50.1 last month, its highest reading...
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