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Saudi Arabia clarifies BRICS membership reports
Riyadh was officially invited to the group of emerging countries in August 2023 Saudi Arabia has yet to join the BRICS group of economies officially, the kingdom's minister of commerce, Majid Al-Kasabi, announced at the World Economic Forum in Davos on Tuesday. Saudi state broadcaster reported earlier this mont.....»»
Cerberus, HD Hyundai to kickstart Subic operations in 12-18 months
South Korean shipbuilder HD Hyundai is expected to start manufacturing operations in Subic Bay within the next 12 to 18 months, with an initial focus on offshore wind platforms......»»
Terms of CARS extension issued within the year – DTI
Terms for the extension of an incentives program for vehicle manufacturing are expected to be released within the year, according to the Department of Trade and Industry......»»
The quest for learning
Economist Robert Gordon points out that, had you lived in 1870, 46 percent of jobs would have been in agriculture, and 35 percent would have been in crafts or manufacturing......»»
DTI proposes perks for manufacturing, use of e-vehicles
The Department of Trade and Industry is coming up with a draft executive order for a proposed incentive scheme to encourage the manufacture and use of electric vehicles, which it hopes to present to President Marcos this year......»»
Factory activity expands at fastest pace in 5 months
The country’s manufacturing sector in April expanded at the fastest pace in five months, supported by strong demand......»»
Burglars steal gadgets from Ducati branch
Unidentified burglars stole some P225,221 worth of gadgets and cash from a branch of Italian motorcycle manufacturing company Ducati in Quezon City on Monday......»»
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......»»
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......»»
Marcos OKs pharma-zones for cheaper generics
To ensure the availability of affordable medicines, President Marcos is pushing for measures to encourage both local and foreign pharmaceutical firms to take part in drug manufacturing in the country......»»
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......»»
Residential, mall growth boost FLI profit
The real estate developer of the Gotianun clan kicked off the year with a 14 percent increase in profit, picking up growth momentum from the residential and mall segments......»»