The Philippines’ manufacturing sector slipped into contraction in April, its first downturn since November, as weakening demand and rising costs weighed on output, according to S&P Global Market Intelligence.
Asurion Philippines is scaling up its customer solutions business as it broadens its footprint beyond its long-standing manufacturing and repair operations.
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.
Unilever Philippines is expanding its regional supply chain with the launch of a new collaborative manufacturing facility in Mandaue City, Cebu—its first production site outside Luzon—as the consumer goods giant moves to localize operations and accelerate delivery to fast-growing southern markets.
The Philippine manufacturing sector showed tentative signs of recovery in December as activity returned to expansion territory, signaling improving demand conditions after a volatile fourth quarter.
The impressive run of Alex Eala at the Prudential Hong Kong Open ended with a painful thud on Sunday, as a troublesome right leg proved a bigger opponent than she could handle in the championship match.
Filipino households and businesses can look forward to significant relief at the pumps this week, with a major downward adjustment in fuel costs forecast following five consecutive weeks of mixed price trends.
Chemical maker D and L Industries Inc. is more hopeful about next year following the US midterm elections, which have raised hopes for an end to the Iran conflict, lower oil prices and a stronger peso. President Alvin Lao cited these as clear positives, though he warned that damaged supply chains, a severe El Niño and domestic political tensions remain key concerns.
AyalaLand Logistics Holdings Corp. (ALLHC) sharply improved its earnings in the third quarter, with net income of P62 million helping narrow its nine-month profit decline to 9 percent as industrial lot sales gained traction and cold storage operations expanded.