MANILA, Philippines — The country’s electronics exports hit an all-time high last year amid strong demand for new technologies, the Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) said. In a statement, SEIPI said the country’s total electronics exports reached $45.92 billion last year, 12.9 percent higher than the adjusted $40.67 billion in […]
Read MoreMANILA, Philippines — After Congress ratified the bicameral version of the bill amending the Public Service Act on Wednesday, some analysts expect this legislation to steer the economy on a “positive” track, but stressed the need for stringent regulations. Why it matters If signed into law by President Rodrigo Duterte, the current version of the measure would open industries once […]
Read MoreMANILA, Philippines — Local factories face a tough road ahead as it looks to pave a clearer path to recovery from the aftermath of Typhoon “Odette” and the Omicron variant surge, both of which stalled production in January. British information provider IHS Markit reported the Philippines’ purchasing managers’ index (PMI), a measure of manufacturing output, […]
Read MoreTHE growth of the country’s manufacturing sector stalled in January as the repercussions of Typhoon “Odette” and the surge of Covid-19 cases affected output and new orders, results of the latest IHS Markit survey showed. Survey results released on Wednesday showed that the purchasing managers index (PMI) fell from 51.8 in December to 50 in […]
Read MoreMANILA, Philippines — The country’s exports could double in the next five years through increased production capacities and addressing trade friction, the Department of Trade and Industry (DTI) said. Trade Secretary Ramon Lopez said an assessment conducted by the International Trade Center (ITC) “validates and quantifies the potential of the export industry to grow by […]
Read MoreMANILA, Philippines — Economists raised their inflation forecasts for this year, but prices are seen to remain slightly above the midpoint of the government’s two to four percent target range, according to a survey conducted by the Bangko Sentral ng Pilipinas (BSP). In a report, IHS Markit Asia-Pacific chief economist Rajiv Biswas said the Philippines […]
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