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...
Many of the renewable energy (RE) investors that are now advancing the implementation of their blueprinted projects have been pitching for local sourcing of supply as well as equipment that they can utilize in the construction and overall development of their projects. Energy Secretary Raphael P.M....
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...
WASHINGTON, D.C. —President Ferdinand "Bongbong" Marcos Jr. wants the Philippines to go beyond mineral extraction, and venture to producing batteries locally. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) The country, however, would need technology and strong industry...
The national government is making significant developments in enabling the country to manufacture its own vaccines against the coronavirus disease (COVID-19) and it may be realized as soon as 2022. Retired Major Gen. Restituto Padilla Jr., spokesperson of the National Task Force (NTF) Against...
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...
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...
