The Philippine Parts Makers Association (PPMA) is sounding the alarm about the country’s automotive manufacturing industry, which is struggling to keep pace with its regional neighbors' high production figures. PPMA President Ferdinand Raquelsantos said the government must take swift action to...
The Philippines auto industry has much to celebrate, with 2024 serving as a banner year for vehicle sales, and yet another vehicle, the Toyota Tamaraw will begin local production. However, there’s also worrying development beneath these achievements. In spite of the growth, the Philippine auto...
After a six-month low in factory output expansion, S&P Global projected that the upcoming local elections will boost manufacturing activity, leading to stronger growth this year than in 2024. Data from the latest S&P Global’s Purchasing Managers’ Index (PMI), released on Feb 2.,...
SteelAsia Manufacturing Corp. said it has solidified its position as a leading global steel supplier with the shipment of the Philippines' largest steel export to date. In a statement, Benjamin Yao, SteelAsia chairman and chief executive officer, said that the company has shipped 32,000 metric tons...
The Philippine Parts Maker Association (PPMA) is recommending the adoption of a local content requirement (LCR) policy in the country’s automotive parts manufacturing industry in a bid to revitalize the struggling sector. Inspired by Indonesia’s LCR model, PMPA President Ferdi Raquelsantos said...
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...
