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Economy rebounds: 6.4%

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A vendor arranges eggs for sale at a wet market in Manila on Thursday, Aug. 28, 2014. The Philippine economy bounced back to post 6.4 percent growth in April to June, the second-highest in Asia despite "underspending" by the government, authorities said.  AFP PHOTO/NOEL CELIS

Economic growth was faster than expected in the second quarter, driven by the strong manufacturing sector, putting the country back on track to meeting state targets.

Posted: August 29th, 2014 in Latest Business Stories | Read More »

More firms relocating to PH

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More companies are seen relocating to the Philippines as well as neighboring Indonesia and Malaysia to tap these countries’ young and educated talent base amid rising labor costs in China, according to global workforce solutions provider ManpowerGroup.

Posted: August 28th, 2014 in Headlines | Read More »

P240B earmarked to revive manufacturing in PH

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The Aquino administration has proposed to allocate P239.8 billion for the Manufacturing Resurgence Program, aimed at enhancing the local manufacturing sector.

Posted: August 4th, 2014 in Headlines | Read More »

Auto parts manufacturing hub status eyed

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The Philippines is poised to become a competitive manufacturing base for motor vehicles and its parts and components by 2025, as the government moves to implement a new industrial policy that is largely centered on deepening the local companies’ participation in the global value chains (GVC).

Posted: July 31st, 2014 in Headlines | Read More »

5 European firms consider investments in manufacturing

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Five European firms are expected to set up manufacturing facilities in the Philippines mainly for the production of industrial and construction materials following the government’s aggressive trade and investment promotion activities abroad.

Posted: July 30th, 2014 in Headlines | Read More »

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