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.
Mitsubishi Motors Philippines Corp. (MMPC) has endorsed the government's newly launched Electric Vehicle Incentive Strategy (EVIS), while reaffirming a P7-billion investment to locally manufacture hybrid electric vehicles, making it one of the first major automakers to commit production under the country's new electrification roadmap.
Hino Motors Philippines (HMP) said global teamwork is key to delivering modern mobility solutions as local logistics, construction, and public transport sectors upgrade.
The newly rehabilitated Sual fish port is set to strengthen Northern Luzon’s fisheries value chain, the Department of Agriculture (DA) announced Thursday.