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8 more firms flagged for Ponzi-like schemes
For operating like Ponzi schemes, eight more entities were flagged yesterday by the Securities and Exchange Commission , as the state regulatory body advised the public against dealing with them, especially giving in to their solicitations for investments......»»
Plaza Independencia: Rama plans to rubberize park, make more family-friendly
CEBU CITY, Philippines — Cebu City Mayor Michael Rama plans to make Plaza Independencia more family friendly as he envisions more changes to make this dream a reality. These included having the inside of the Plaza Independencia being rubberized, having more plants inside to make it also more environment-friendly and to have facilities for families.....»»
Holcim allots P2 billion for co-processing, RE shift
Cement maker Holcim Philippines Inc. is spending P2 billion over the next three years for co-processing and shifting to renewable energy in line with its commitment for sustainable manufacturing operations......»»
Factory activity eases in March
The growth in Philippine manufacturing activity eased slightly to 50.9 percent in March from 51 percent in February as production levels declined amid material shortages......»»
Jollibee ramps up shift to renewable energy
The Jollibee Group is ramping up its sustainability efforts this year with plans to bolster further the shift of its stores and manufacturing facilities to renewable energy......»»
Schneider Electric switching to solar power
French energy management and automation firm Schneider Electric is transitioning its operations in the Philippines to clean energy with the installation of solar panels in its manufacturing plant in Rosario, Cavite......»»
TIIC taps Vivant unit for additional solar capacity
Cebu-based manufacturing firm Treasure Island Industrial Corp. has partnered with Corenergy, a subsidiary of Vivant Energy Corp., to boost the solar generation capacity of its packaging division by 729.3 kilowatt peak......»»
SteelAsia to recycle rebars for ALI, MDC
Ayala Land Inc. SteelAsia Manufacturing and Makati Development Corp. have signed a memorandum of understanding for a groundbreaking collaboration advancing circular economy and decarbonization methods in the construction industry......»»
Factory activity rises slightly in February
Manufacturing activity picked up for the sixth consecutive month in February, fueled by improved demand conditions......»»
Japan invests $4.8 billion in TSMC plant, emphasizing importance of cutting-edge chips for future industries
Japan has announced plans to provide an additional ¥732 billion in subsidies for Taiwan Semiconductor Manufacturing Co. (TSMC) to expand its plant in the country......»»
First Gen puts up Jollibee Group’s largest solar panel
The Jollibee Group, through its subsidiary Zenith Foods Corp., has tapped the expertise of First Gen Corp., through Pi Energy Inc., to energize one-third of the food chain’s manufacturing facility with solar-powered electricity......»»
MOU on crude coconut oil export to Europe
The Philippine Coconut Authority has inked a memorandum of understanding with Ares Merchants Philippines Inc. and Limketkai Manufacturing Corp. to jointly produce mosh moah free or EU-compliant crude coconut oil to be refined by the first Filipino-owned refinery in Europe......»»
Factory output growth slows sharply in 2023
The country’s manufacturing output expanded at a slower pace in 2023 as food, beverages and 12 other industry divisions registered declines, according to the Philippine Statistics Authority......»»
Xinhua world economic news summary at 0830 GMT, Feb. 7
MANILA -- The performance of manufacturing production in the Philippines sustained its growth in December 2023, the Philippine Statistics Authority (PSA) said Wednesday. Based on the preliminary results of a monthly survey, the PSA said the year-on-year value of production index (VaPI) and the volume of production index (VoPI) increased by 2.6 percent and 2 percent in December, respectively. (Philippines-Manufac.....»»
Philippines slightly upgrades GDP growth to 6 pct in Q3
MANILA, Jan. 30 (Xinhua) -- The Philippine Statistics Authority (PSA) on Tuesday slightly upgraded year-on-year growth of gross domestic product (GDP) for the third quarter of 2023 to 6 percent from preliminary estimate of 5.9 percent. "The major contributors to the upward revision were manufacturing, from 1.7 percent to 1.8 percent; financial and insurance activities, from 9.5 percent to 9.6 percent; and accomm.....»»
Cebu offers prospects for US agricultural exporters
Cebu offers strong opportunities for direct shipments of US agricultural exports, driven by the feed and food manufacturing, food service and food retail sectors, according to the United States Department of Agriculture......»»
SteelAsia to install solar rooftop in Bulacan plant
Steel producer SteelAsia Manufacturing Corp. is set to install a 1.9 megawatt solar rooftop at its facility in Meycauayan, Bulacan as part of its efforts towards sustainability......»»
Cebu’s Buytrago suits up for PHL in AVC beach v’ball tour
CEBU CITY, Philippines — Cebu will be well-represented in the upcoming international beach volleyball tilt billed as the Smart Asian Volleyball Confederation (AVC) Beach Tour Nuvali Open on April 4-7. Cebuano veteran beach volleyball player James Buytrago will play for the men’s team under the Philippine National Volleyball Federation (PNVF). This will be Buytrago’s first.....»»
Jerusalem ends PHL’s world title drought in boxing, wins WBC minimumweight belt in Japan
CEBU CITY, Philippines — Finally, the Philippines ended its world title drought in boxing after Melvin “Gringo” Jerusalem dethroned Yudai Shigeoka via split decision to win the World Boxing Council (WBC) world minimumweight title on Sunday, March 31, in Nagoya, Japan. Jerusalem flexed his winning might against the heavily favored Japanese world champion after knocking.....»»
Phl lifters compete in Phuket
Philippine weightlifting is hoping and praying it will have its “Fantastic Four” in the Paris Olympics this July......»»