Philippine manufacturers facing rising fuel costs and global uncertainty are being presented with alternative energy supply options, as the private sector moves to cushion the impact of geopolitical tensions.
The Government Service Insurance System (GSIS) has introduced “Balik Ginhawa,” a program that gives government workers financial relief through a modified three-month loan moratorium.
Philippine manufacturing lost momentum at the end of the first quarter, as rising energy costs and geopolitical tensions weighed on the sector, according to the S&P Global Philippines Manufacturing PMI report released April 1.
Bribery, corruption, and persistent trade barriers at the Bureau of Customs (BOC) have been flagged by the United States Trade Representative (USTR) in its latest National Trade Estimate (NTE) report released March 31.