The Philippine Parts Makers Association (PPMA), the sole organization representing the country’s automotive parts manufacturing industry, is raising the alarm on the sector’s continued decline. Once a robust industry with 140 company members at its peak in 1997, the association now struggles...
SteelAsia Manufacturing Corp. said it is investing P30 billion in a new plant in Candelaria, Quezon, to produce heavy structural steel products currently sourced entirely from imports. In a statement on Wednesday, Jan. 22, the steel manufacturer said the plant, expected to begin commercial...
(MANILA BULLETIN) Navotas 1st district Rep. Toby Tiangco believes that the sustained growth of the local manufacturing sector will serve as a dynamo for job generation in the country. This, as the administration congressman noted that the...
As in all his overseas ventures, President Marcos once again invited investors to explore the opportunities in the Philippines, which span multiple industries. President Ferdinand 'Bongbong' Marcos Jr. (Malacañang photo) In his remarks during the Association of Southeast Asian Nations Business and...
The country’s manufacturing sector continued its robust expansion in September, posting the strongest growth in two years despite headwinds such as weakening international demand and supply chain disruptions. According to S&P Global, this growth was mainly driven by a significant increase in...
Publicly-listed paper packaging firm Steniel Manufacturing Corporation is planning to raise up to P315 million from the public through a planned follow-on offering of new common shares. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its board of directors has approved the...
Manufacturing activity in the country remained stable in August, as sluggish international sales hindered growth in output and new orders, according to S&P Global's report on Monday, Sept. 2. The latest S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI), which measures...
Factory gate prices posted an annual decrease of 0.1 percent in June this year, the Philippine Statistics Authority (PSA) reported Tuesday, July 30. This was a reversal of the 0.5 percent growth in the producer price index (PPI) recorded in the same month a year earlier and a slightly faster...
Yuchengco-led PetroGreen Energy Corporation (PGEC) has cemented a partnership deal with Japanese firm Isuzu Autoparts Manufacturing Corporation (IAMC) for the installation of 3.002-megawatt peak (MWp) solar rooftop solution at the latter’s manufacturing facility in Laguna. In a statement to the...
SteelAsia Manufacturing Corp. plans to build five steel plants in the next four years to replace imports, create new businesses, generate local jobs, and boost economic growth in the country. In a statement on Wednesday, July 24, SteelAsia Chairman and Chief Executive Officer Benjamin Yao said they...
The Philippines is projected to emerge as a hub for manufacturing operations as companies continue to expand beyond China. JLL, a global commercial real estate and investment management company, said in a report that manufacturing companies are diversifying their locations across India and...
Local factory activity further slowed down in June amid a softer uptick in factory orders and a second consecutive drop in employment, S&P Global reported. The Philippines’ S&P Global Manufacturing Purchasing Managers' Index (PMI)—a comprehensive gauge of the industry’s...
