More manufacturing firms to locate in Phl

MANILA, Philippines - More manufacturing companies, particularly in the automotive sector, are relocating some of their Chinese operations back to the Philip.....»»

Category: financeSource: philstar philstarMar 26th, 2017

Logistic costs in Philippines highest among some countries in ASEAN |

Logistic costs ate up around 27 percent of sales among manufacturing firms in the Philippines last year, a new survey showed......»»

Category: newsSource:  manilanewsRelated NewsDec 8th, 2018

Logistics costs in PH among highest in Asean | Inquirer Business

Logistic costs ate up about 27 percent of sales of manufacturing firms in the Philippines last year The post Logistics costs in PH among highest in Asean appeared first on Inquirer Business ......»»

Category: newsSource:  philippinetimesRelated NewsDec 7th, 2018

New Metro Manila minimum wage set at P500 to P537

MANILA, Philippines – The Department of Labor and Employment (DOLE) on Monday, November 5, confirmed the P25 across-the-board wage hike for minimum wage earners in Metro Manila. New minimum wage rates for agricultural workers, firms in the manufacturing sector with at most 10 workers, and firms in the retail as well ........»»

Category: newsSource:  rapplerRelated NewsNov 5th, 2018

6 BPO firms plan to locate in Malaybalay City

DAVAO CITY (MindaNews/ 22 Oct) – At least six call center firms have expressed interest to locate in Malaybalay City, the capital of Bukidnon, a development that is seen to make the city another hub for business process outsourcing (BPO) companies in Mindanao, an industry executive said. In an interview at the sidelines of the […].....»»

Category: newsSource:  mindanewsRelated NewsOct 22nd, 2018

Factory output up 8.8% in August 2018

Manufacturing firms churned out 8.8 percent more output in terms of volume and value last August, the Philippine Statistics Authority reported yesterday......»»

Category: financeSource:  philstarRelated NewsOct 5th, 2018

PH, Jordan sign $60M investment deals

Updated (11:47 p.m.) AMMAN --- The Philippines and Jordan signedon Thursdaynine business agreementsand letters of intentworth $60 million that is expected to generate 432 jobs. The deals include 7 letters of intent and 2 memoranda of agreement (MOUs). The Philippine Chamber of Commerce and Industry and the Jordanian Chamber of Industry signd the two MOUs. The letters of intent include: Nafith International is aiming to explore opportunities on logistics planning and operations and locate its regional office in the Philippines. The project costs $50 million and will generate 250 jobs by 2022. Universal Labs Ltd. will explore opportunities in manufacturing and set up a pr...Keep on reading: PH, Jordan sign $60M investment deals.....»»

Category: newsSource:  inquirerRelated NewsSep 6th, 2018

PH Needs to Be More Competitive to Lure Chinese Investors

The Philippines needs to be more competitive in terms of costs to attract more Chinese manufacturing companies to locate in the country with the increasing operation cost in China. In an interview, International Chamber of Commerce Philippines (ICCP) Founder and Philippine Chamber of Commerce Industry (PCCI) Chairman Emeritus Francis Chua said should Chinese manufacturers ever […].....»»

Category: newsSource:  metrocebuRelated NewsAug 4th, 2018

World’s Top Scientists Pledge Against Killer AI

With the increasing threat of artificial intelligence (AI) military systems, thousands of the world’s leading AI firms, organizations, researchers, and scientists banded together and signed the Lethal Autonomous Weapons Pledge. The Lethal Autonomous Weapons Pledge aims to effectively outlaw the development, manufacturing, trade, and application of life-threatening artificial intelligence (AI) weapon systems and robots. Considering […].....»»

Category: newsSource:  metrocebuRelated NewsJul 21st, 2018

Japanese automotive firms seek to hire 50,000 Filipino workers

By Katrina Domingo/ABS-CBN News – Around 40 Japanese automotive firms are looking to recruit 50,000 Filipinos as the Philippines continues to position itself as an automotive manufacturing hub in Southeast Asia, job and employment website Philippines said Wednesday. Some 40 automotive companies have partnered with to launch a Read more ».....»»

Category: newsSource:  thepinoyRelated NewsJul 12th, 2018

French choco, cheese firms eye Clark investment

Two French companies are putting up food manufacturing facilities in Clark, Pampanga which are expected to generate nearly 1,000 jobs, the Clark Development Corp. (CDC) said......»»

Category: financeSource:  philstarRelated NewsJun 4th, 2018

DOF makes investment pitch to Mexico firms

MANILA, Philippines — The Department of Finance (DOF) has invited Mexico-based technology and manufacturing firms to invest in the country and possibly make.....»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2018

Bulacan PNP traces extent of counterfeit operations

    GUIGUINTO, BULACAN---The Bulacan police started conducting mopping-up operations at the warehouse in Bulacan that was raided by the joint elements of the police and local government unit for allegedly manufacturing counterfeit cigarette products.   The police also started tracing the extent of the operation of the syndicate and apparently hoping to locate the supplier behind the illegal operations.   This development came after the municipal government ordered the shutdown of a warehouse compound, which was also caught storing fake cosmetic products last year.   A government teamon Thursday(Feb. 8) raided the property of Edward Wan...Keep on reading: Bulacan PNP traces extent of counterfeit operations.....»»

Category: newsSource:  inquirerRelated NewsFeb 9th, 2018

Peza: Backlog in development projects amid slow Malacañang approval process

The year has passed but more than P72 billion worth of investments to develop new economic zones still could not begin construction, a delay caused by the slow approval process inMalacaang.   As of December29, there are 42 development projects that were still languishing in Malacaang's backlog, five of which were projects to put up manufacturing zones during the Aquino administration, according to thePhilippine Economic Zone Authority (Peza).   Without a presidential proclamation, a project to develop an economic zone is put on hold. This also delays the investments of Peza-registered companies that are supposed to locate in that particular ecozone.   Of ...Keep on reading: Peza: Backlog in development projects amid slow Malacañang approval process.....»»

Category: newsSource:  inquirerRelated NewsJan 3rd, 2018

Office take-up boosted by gaming firms

Office take-up by the online gaming industry will remain robust in 2018 and demand will likely lead to firms choosing to locate in other parts of Metro Manila, a property brokerage services firm said. In a briefing earlier this month, Leechiu Property Consultants President David Leechiu said that online gaming firms had accounted for 32 [...] The post Office take-up boosted by gaming firms appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsDec 26th, 2017

DTI: Chinese firms eyeing PH ventures

Two Chinese companies have offered to invest some $4.5 billion in the country, the Trade department said. The firms were identified as Huili Investment Fund Management Co., Ltd. and Yi Ding Tai International Corporation, which plan to invest in iron and steel manufacturing and shipbuilding. “This is one of several investment proposals we have received [...] The post DTI: Chinese firms eyeing PH ventures appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsOct 23rd, 2017

US firms mull expansion, relocation of manufacturing to Philippines

MANILA, Philippines — Several US-based companies are looking to relocate and expand their manufacturing facilities in the country as the trade department con.....»»

Category: financeSource:  philstarRelated NewsSep 18th, 2017

PEZA agrees to compromise on hosting online gambling

MANILA, Philippines - The Philippine Economic Zone Authority is not closing its doors completely to online gambling firms wanting to locate in PEZA-accredite.....»»

Category: financeSource:  philstarRelated NewsJun 12th, 2017

Tax perks set for firms going green

MANILA, Philippines - The Board of Investments (BOI) plans to hand out financial incentives to manufacturing companies that will promote energy efficiency an.....»»

Category: financeSource:  philstarRelated NewsMay 11th, 2017

Factory output grows at slower pace in January

MANILA, Philippines -  Domestic manufacturing grew at a slower pace in January as firms remained cautious on rising prices of oil and raw materials as well a.....»»

Category: financeSource:  philstarRelated NewsMar 10th, 2017

BOI strengthens support for SMEs growth, approves investment projects of small firms

&'160; The Philippine Board of Investments (BOI) is further strengthening its support for the growth and development of small and medium enterprises (SMEs) as it recently approved the application for registration of investment projects of small enterprises—Sooraj Garments Manufacturing Inc. and Hardware Labs Performance Systems Inc. The mentioned projects were the first two SME investment [&'].....»»

Category: newsSource:  boholnewsdailyRelated NewsJan 12th, 2017