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Philippines: Exemption sought for 9 cities from ecozone ban

MANILA, Philippines — The Philippine Economic Zone Authority (PEZA) has requested anew the Office of the President (OP) to exempt nine cities in Metro Manila from the ongoing ban on new economic zones and to give ecozone developers with pending ecozone applications more time to complete their requirements.  In a letter to Executive Secretary Salvador […]

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Vietnam ministry announces criteria for “made in Vietnam” products amid rampant trade fraud

The draft circular regulates that made-in-Vietnam products should be originated or wholly produced in Vietnam, including agricultural products or natural resources. Otherwise, products should undergo final processing or manufacturing in Vietnam to fundamentally change the essential qualities of the products to be labelled as such.  In addition, products would be required to qualify for HS […]

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Philippines: Consumer outlook ‘brightening’ amid softer inflation, ‘strong’ labor market — Fitch unit

MANILA, Philippines — Household spending in the Philippines is gathering steam on the back of easing inflation and improving labor market — fuelling consumer optimism, a Fitch unit said Friday. In an analysis sent to reporters, Fitch Solutions said private consumption, which has traditionally been the driving force behind growth in the country, would “remain […]

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Vietnam’s infras development plans open up room for foreign investors

The Hanoitimes – All Vietnamese transportation sectors, including airports, seaports, toll roads and railways, would be attractive to foreign investors in a general sense. Foreign investors have plenty of opportunities to take part in infrastructure projects in Vietnam as the government prioritizes the sector’s development while the state funding remains insufficient. According to Tran Ngoc Chinh, […]

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Philippines manufacturing improves in July

MANILA, Philippines — Philippine manufacturing conditions improved at the strongest pace during the year in July, on the back of faster growth in new orders, sales and employment, according to the latest IHS Markit Philippines Manufacturing Purchasing Managers’ Index (PMI). The headline manufacturing PMI for the country rose to 52.1 in July from 51.3 in […]

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