October 20, 2011
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 »
February 28, 2011
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 »
December 17, 2010
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 »
September 29, 2010
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 »
July 23, 2010
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 »
July 23, 2010
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 »
April 26, 2010
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 »
March 26, 2010
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 »
March 11, 2010
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. Read the rest of this entry »
January 3, 2010
MALOLOS CITY, Philippines – The country’s pyrotechnics industry suffered a further slump in sales of firecrackers this New Year. Read the rest of this entry »
