A Hong Kong-based garments company is looking to expand its manufacturing capacity in the Philippines to take advantage of the country’s relatively low tariff rates once the postponed reciprocal tariffs are lifted after 90 days. Department of Trade and Industry (DTI) Secretary Cristina Roque...
(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...
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...
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 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...
Power utility giant Manila Electric Company (Meralco) has recently completed and energized a new 115-kilovolt gas-insulated switchgear (GIS) substation at the Light Industry Science Park-2 (LISP2) in Calamba, Laguna. The power firm indicated that the project was pursued in collaboration with...
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...
