The ongoing trade dispute between the United States (US) and China could benefit manufacturing hotspots in Southeast Asia, such as the Philippines, provided the government implements sweeping reforms to align trade and investment policies with industrial strategies. In a virtual forum hosted by the...
Philippine manufacturing output slightly recovered from the steeper 1.5 percent decline in February, registered a softer 0.2 percent dip in March, and elevated the country’s production performance in the first quarter. According to the Philippine Statistics Authority (PSA), the volume of...
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.,...
The Senate is a step closer to approving the proposed ‘Tatak Pinoy’ (Proudly Filipino) bill that aims to further develop and empower Philippine manufacturing industries through a wide-ranging, multi-sectoral approach. Sen. Sonny Angara sponsors the committee report of the Tatak...
The Philippine government should set an example in supporting the country’s local industries by purchasing more domestically-manufactured products, Sen. Juan Edgardo “Sonny” Angara said on Wednesday, June 21. Sen. Juan Edgardo "Sonny" Angara (Senate PRIB Photo) Angara,...
Senator Juan Edgardo “Sonny” Angara on Thursday, May 25 renewed his call for the government to pursue economic development through a stronger public-private partnership program and make the country more competitive globally. Angara said he believes a stronger public-private collaboration...
The local manufacturing sector registered a further improvement in operating conditions in May as both output and new orders grew at solid rates, the latest survey from S&P Global showed on Wednesday, June 1. The S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI)...
Local manufacturers registered a slight expansion in operating conditions in July as the prolonged coronavirus pandemic continued to drag down domestic demand and production levels, the latest IHS Markit survey showed. IHS Markit Philippines Manufacturing Purchasing Managers’ Index settled at...
Trade and Industry Secretary Ramon Lopez said the latest manufacturing index bodes well for the economy as he cited efforts in the cold chain and copper industries development as crucial pillars that will strengthen the country’s supply value chain. The Philippine Manufacturing Purchasing...
