Industry

By John Mangun, Business Mirror, May 9, 2019 BACK in the late 1990s, a friend of mine owned a factory. A factory is a business where raw materials come in a door at one end. That raw materials pass through a system of technology, machinery and workers, coming out at another door as finished products.

By Richmond Mercurio (The Philippine Star), November 29, 2016 MANILA, Philippines – The Department of Trade and Industry (DTI) has unveiled a new industrial strategy that would revive the country’s manufacturing sector and accelerate further its growth in the coming years.

Failure to attract foreign investments Stunts growth of the manufacturing sector. As the country’s growth is driven more and more by services, there is some effort to rekindle the strength of the manufacturing sector which has languished the past two decades.

MANILA, Philippines – The country’s socioeconomic planning chief is pushing for the revival of local industries, saying that this is key to achieving the Aquino administration’s economic growth target of 8.5 percent by 2016.

FOREIGN BUSINESSES are pressing the government to enact a competition law that had eluded its predecessors due to reported strong lobbying by affected parties. In a press release, dated Oct. 14 but e-mailed to reporters only yesterday, the Joint Foreign Chambers of the Philippines (JFC) said such a law would help spur business activity in…

MANILA, Philippines – A survey conducted by the Bangko Sentral ng Pilipinas (BSP) showed that more and more companies are planning to expand their operations and hire more workers in the Philippines this year after the country posted its strongest economic growth in 34 years last year.

BOCAUE, Bulacan – The P500-million domestic fireworks industry continues to thrive and withstand the impact of smuggling and competition from foreign brands that aggravated a decline in sales since 2000.

THE Philippines’ industrial sector continued to grow by double digits in July, the National Statistics Office (NSO) said Tuesday. Data from NSO showed that the country’s purchases of foreign-made goods rose 16.2 percent to $4.678 billion in July from $4.026 billion in the same period last year.

FACED with limited resources, the government will be doing a “triage” in determining which industries will get the support to survive, and those that will be allowed to die an “orderly” death.

New Trade and Industry Secretary Gregory Domingo who was supposedly appointed by President Aquino to a one-year term, did not waste time in earning the displeasure of his constituents in the local domestic industries who are now up in arms over his alleged sweeping statement that greatly favors imports and sub-standard products.

MANILA, Philippines – The Philippines needs to pour in more investments into infrastructure projects and develop other key sectors like creative industries and tourism, medical travel and retirement, to generate $75 billion in foreign direct investments (FDI) and 10 million jobs over the next 10 years.

MANILA, Philippines – Output of the country’s manufacturing sector went up by a double-digit growth in January compared to the year-ago level, the National Statistics Office (NSO) reported yesterday.

MANILA, Philippines – Philippine seaweed production is expected to drop by 28.6 percent to 50,000 metric tons from last year’s 70,000 MT due to the prevailing El Niño weather phenomenon, driving up further the price of seaweeds and exerting additional cost pressure on local carageenan processors.

MALOLOS CITY, Philippines – The country’s pyrotechnics industry suffered a further slump in sales of firecrackers this New Year.

MANILA, Philippines – Local manufacturers cut back output for the 11th consecutive month in September, underscoring a weak industrial activity as the economy continued to suffer from the effects of the global economic slowdown, analysts said.

MANILA, Philippines – Businesses have lost up to P1 billion because of the devastation caused by tropical storm “Ondoy,” according to the Philippine Chamber of Commerce and Industry.

LOS BAÑOS, Laguna, Philippines – The country’s wooden pallet industry is booming. A pallet is a platform device that holds one or more cargo packages in a group. It allows a load to be transferred and stored as a unit.

THE Philippines’ biggest electricity distributor said its industrial sales are showing signs of a recovery.

MANILA, Philippines – The Philippines can learn a lot from South Korea’s industrial policy in terms of integrating small and medium enterprises (SMEs) into crucial growth areas, said Josef Yap, president of the Philippine Institute of Development Studies (PIDS) during last week’s Philippines-Korea Development Cooperation Forum.

MANILA, Philippines – The herbal industry is going after $1 billion in exports by next year, according to the Chamber of Herbal Industries of the Philippines Inc. (CHIP).

The meat processing industry expects to rebound from a flat performance in the first quarter of the year to a full-year growth of up to 10 percent despite the global economic recession.

Sen. Miriam Defensor-Santiago made a last-minute appeal for revelers to refrain from firing guns during New Year’s Eve.

MALOLOS CITY – Bulacan pyrotechnics manufacturers are counting on the law of economics to level the playing field for the local pyrotechnics industry against smuggled fireworks.

The flour industry is expected to bounce back next year after a difficult 2008 wherein prices became unstable as a result of the sharp increases in oil prices.