Gov’t prepares industrial master plan
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. Read the rest of this entry »
NEDA chief pushes revival of local industries
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. Read the rest of this entry »
Competition law pushed
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 the country. Read the rest of this entry »
Local firms in expansion mode – BSP
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. Read the rest of this entry »
P500-million fireworks industry to stay in business
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. Read the rest of this entry »
RP industrial output holds steady in July
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. Read the rest of this entry »
Attrition policy on weak industries assailed
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. Read the rest of this entry »
Pro-import DTI chief riles local traders
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. Read the rest of this entry »
RP needs to develop ’7 winner sectors’
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. Read the rest of this entry »
Factory output surges 39.3% in January
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. Read the rest of this entry »