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CEBU CITY, Philippines – The Department of Labor and Employment (DOLE)-7 has recorded 192 establishments that have permanently closed or have ceased their operations in 2020, due to the Coronavirus Disease 2019 (COVID-19) pandemic. “In 2020 actually,…
The Philippines may have survived the worst impact of the COVID-19 pandemic but recovery seems slower than how its peers fare as infections remain high, UK-based think tanks said on Wednesday. “The economy is likely past the…
Someone asked me the other day what I see to be the “bright spots” that could carry our economy through the difficult way out of the pandemic-induced recession. Where can we look to for hope of…
NEW YORK, United States – New York City — the epicenter of America’s coronavirus outbreak — began partially reopening its shattered economy Monday after almost three months of lockdown, as the World Health Organization warned the health…
CEBU CITY, Philippines–Central Visayas remains among the fastest growing regions in the country, said Regional Development Council (RDC) Chairperson Kenneth Cobonpue. “Today, Central Visayas is still one of the country’s fastest growing regional economies, with the region…
IN spite of concerns over the rising cost of local raw materials, Nestlé Philippines has assured that they will continue their operations in the country. In a statement sent to Cebu Daily News yesterday, Nestlé clarified that…
New investment pledges in the manufacturing sector plunged last year to almost 50 percent due to the uncertainty brought by the tax reform law, top officials of the Philippine Economic Zone Authority (PEZA) said on Wednesday. New…
Growing non-wooden hull passenger vessels’ market eyed A shipbuilding company that specializes in building innovative sea vessels plans to put up a 2-hectare manufacturing facility to serve the projected demand for non-wooden hull passenger vessels. Andrew Aznar,…
The manufacturing sector sustained its strong performance in the fourth quarter of 2017 even as its growth slightly weakened in December, the latest Nikkei Philippines Manufacturing Purchasing Managers’ Index (PMI) showed. Last month, the PMI score slightly…
Following the impressive growth of Philippine manufacturing during the first nine months of 2017, the Department of Trade and Industry (DTI) expressed confidence the sector will continue to outperform its Southeast Asian neighbors amid rosy business…
More projects by micro to small-scale enterprises, particularly from the manufacturing sector, are expected in 2017 as the Board of Investments (BOI) implement a regionalized process of registering the investors’ projects. Philip Torres, BOI Cebu investments specialist,…
That’s how Xu Liping, a professor at the Chinese Academy of Social Sciences quoted by the Chinese daily, Global Times, described in a nutshell President Rodrigo Duterte’s 4-day state visit to China. He could have been pointing…
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