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...
The renewable energy (RE) solutions arm of Ayala-led ACEN Corporation has cornered a power supply deal to provide RE-generated power to manufacturing firm Valerie Products Manufacturing Inc. (VSO), which produces automotive and appliance parts. According to the Ayala firm, ACEN Renewable Energy...
The local manufacturing activity slipped in May as producers struggled to raise their employment numbers, according to S&P Global report. The Philippines manufacturing purchasing managers' index (PMI) slid to 51.9 last month from 52.2 in April, S&P Global said. The latest figure, however,...
French multinational company Schneider Electric is stepping up on its offer of internet of things (IoT) or digital solutions to industries and manufacturing facilities in the Philippines, so they can optimize efficiency in their business operations. According to Atty. Norman Roland Ocana III, head...
As the year came to an end, the local manufacturing sector reported even slower growth in December, primarily due to a notable decrease in the rate of new order placements. In December 2023, the S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) increased to 51.5, marking a...
