MANILA, March 11 — Growth in the manufacturing sector started strong in 2016 as production of chemical products and food manufactures expanded in January, according to the National Economic and Development Authority (NEDA). In the Philippine Statistics Authority’s Monthly Integrated Survey of Selected Industries for January 2016, the Volume of Production Index (VoPI) grew by 34.3 percent, nearly seven times more than its growth rate of 5.0 percent in December 2015. Moreover, the Value of […]
Tag: manufacturing sector
Manufacturing sector expected to recover in the months, years ahead
MANILA, Dec. 12 — Due to the adverse effects of El Niño and continued weakening of demand from China, the manufacturing sector slightly declined in October 2015, but is expected to recover in the coming months and years ahead, according to the National Economic and Development Authority (NEDA). In the Philippine Statistics Authority’s Monthly Integrated Survey of Selected Industries for September 2015, the manufacturing sector’s Volume of Production Index decreased by 1.8 percent while its […]
Climate change to affect Southeast Asia manufacturing sector
A research showed that the manufacturing industry across Southeast Asia, including the Philippines, would suffer productivity losses in the next 30 years due to rising temperatures caused by climate change. A recent report released by British firm Verisk Maplecroft said that Southeast Asia could lose an average of 16 percent of its current labor capacity due to the rising heat stress in the next three decades. Singapore and Malaysia are predicted to experience productivity loses […]
