The country’s manufacturing output declined in May, a first for 2016, owing to a significant drop in leather, chemical, and petroleum products production, according to the National Economic and Development Authority (NEDA). In the Philippine Statistics Authority’s Monthly Integrated Survey of Selected Industries for May 2016, the Volume of Production Index (VoPI) declined by 1.2 […]

Philippine Daily Inquirer | by Amy R. Remo | 12:10 AM July 7th, 2016 The Philippine manufacturing sector can sustain its strong growth and significant contribution to the local economy should the new administration undertake critical measures aimed at attracting more investments and strengthening local capabilities. So far, the local manufacturing sector has added P738 billion in […]

The Philippine Star | By Richmond Mercurio | Updated July 5, 2016 – 12:00am MANILA, Philippines – The Philippines aims to be among the top foreign direct investment (FDI) magnets in Southeast Asia by the end of President Duterte’s term as it seeks to move away from being regarded as the laggard in the region. Department […]

BusinessMirror | by Catherine Pillas – July 3, 2016 TRADE Secretary Ramon M. Lopez is aiming to increase the contribution of micro, small and medium enterprises (MSMEs) to the GDP from 35 percent to 40 percent during his term, revealing a broad package of interventions for the country’s small businesses. Following the turnover ceremony at the Board […]

Philippine Daily Inquirer | by Amy R. Remo | 12:28 AM July 2nd, 2016 To reflect the bullish economic outlook trumpeted by President Duterte in his oath-taking Thursday, the new Trade chief is eyeing to open up more industries to foreign investments. On the sidelines of the change in leadership ceremonies Friday, Trade Secretary Ramon Lopez said […]