Trump says Tim Cook promised 3 new U.S. plants – report

Jul 26, 2017 - 12:41 PM

Analysts say however that moving manufacturing back to US is unlikely for Apple which relies on a dense ecosystem of companies in Asia

BIG CHIEFS. Apple CEO Tim Cook (L) listens to US President Donald Trump during an American Technology Council roundtable at the White House in Washington, DC, on June 19, 2017. Photo by Nicholas Kamm/AFP

San Miguel's latest venture: BMW vehicles

Jul 18, 2017 - 5:30 PM

San Miguel Corporation sets up a new unit called SMC Asia Car Distributors Corporation marking its entry into the motoring business

MOTORING BUSINESS. The diversified conglomerate led by Ramon Ang says SMC Asia Car will be 65% owned by San Miguel, while the remaining will be owned by Jose Alvarez. Photo by Alecs Ongcal/Rappler

Without efficient public transport, higher auto taxes 'unfair'

Jun 08, 2017 - 5:15 PM

It s not going to be fair to the commuting public that we don t have that efficient transport system and yet we are shelling out big amounts in order to buy private vehicles says the Automobile Association of the Philippines

AFP file photo

Ayala acquires German auto parts manufacturer

Jun 05, 2017 - 5:05 PM

The P1 49 billion investment is part of AC Industrials expansion spree

INFOGRAPHIC: How tax reform hits your favorite drinks

Jun 03, 2017 - 5:00 PM

The Philippine Chamber of Food Manufacturers says the excise tax on sugar sweetened beverages in the proposed tax reform package is the highest in the world

Apple starting US tech manufacturing fund with $1B

May 04, 2017 - 4:23 PM

The tech giant creates a fund to get more people in the US to do advanced manufacturing

3D printing as a means to generate income

Apr 02, 2017 - 9:00 AM

The nascent technology has the potential to democratize the manufacturing industry giving rise to independent home based and potentially profitable enterprises

SteelAsia offers to revive defunct National Steel

Mar 20, 2017 - 7:42 AM

Local steel bar maker SteelAsia wants to ride the infrastructure boom and offers to revive the thrice privatized National Steel in Iligan City

NEXT CHAPTER. SteelAsia Manufacturing Corporation has offered to buy long defunct National Steel Corporation in Iligan City.

PH exports fall by 7.5% in November 2016

Jan 10, 2017 - 5:04 PM

Socioeconomic Planning Secretary Ernesto Pernia expects a better year for exports in 2017 in anticipation of stronger trade ties with China and Russia

DAMPENING DEMAND. Demand for electronics exports decline from key markets. File photo Romeo Gacad/AFP.

Century Pacific to buy Chinese distribution firms for $2.56M

Dec 23, 2016 - 6:10 PM

The acquisition is expected to support the expansion of Century Pacific s international branded segment which is still a small part of its business

CHINA EXPANSION. Since Century Tuna's entry into China during the early 1990s, it has grown its presence to become the country's leading canned tuna brand. Rappler file photo

Dozens of Bangladesh factories close as workers strike

Dec 22, 2016 - 11:13 PM

Bangladesh Garment Manufacturers and Exporters Association president Siddikur Rahman says at least 55 factories will remain close until the Bangladesh government says it is safe to reopen them

Coca-Cola PH plans to invest $1B more in PH

Dec 02, 2016 - 6:25 PM

The investment – over a period of 5 years – will help expand its supply chain and commercial footprint in the Philippines

Valenzuela execs, BFP officials, charged over Kentex fire

Oct 19, 2016 - 7:42 PM

Investigators say Kentex should have been shut down because of its delinquent status General manager Ong King Guan is also among those charged

Members of the SOCO examine charred bodies of workers killed in the slipper factory fire as they collect DNA and recognisable marks from the victims at the barangay hall of Maysan, Valenzuela City on May 14, 2015. Photo by Ben Nabong/Rappler

Japan big manufacturers' confidence at multi-year low

Oct 03, 2016 - 10:40 PM

Sentiment among big manufacturers drops to its lowest levels since Japanese Prime Minister Shinzo Abe kicked off Abenomics in 2013

Bank of Japan Governor Haruhiko Kuroda answers questions during a press conference at the headquarters in Tokyo on September 21, 2016. Japan's central bank on September 21 unveiled a surprise overhaul of monetary policy, promising to redouble attempts to fuel inflation and kickstart the torpid economy. / AFP PHOTO / JIJI PRESS / STR / Japan OUT

Ramon Ang to build $300M cement plant in Davao

Sep 28, 2016 - 6:00 PM

The manufacturing facility will be able to produce two million tons or 50 million bags of cement per year

SUNNY OUTLOOK. Ramon Ang identifies Davao – hometown of President Rodrigo Duterte – as a key growth area for the Philippines

Auto, aerospace industries warm up to 3D printing

Aug 25, 2016 - 7:20 PM

The technology has not always lived up to sky high hype but leading manufacturers remain bullish over its potential to shake up the factory floor

FUTURE OF MANUFACTURING? In this file photo, 3D printers and some of the items that are manufactured from them sit on display at 'New Lab', an advanced manufacturing hub in the Brooklyn Navy Yard on May 9, 2013 in New York City. Spencer Platt/Getty Images/AFP

PH exports fall for 15th straight month in June

Aug 11, 2016 - 8:10 PM

All the major commodity groups register declines for the month although exports of petroleum products do see a bump in volume

Nestle to invest P2 billion in new plant for MILO

Aug 02, 2016 - 5:30 PM

The new plant is expected to begin production in November 2017

Factory space could boom in next 5 years – real estate expert

Jul 31, 2016 - 9:15 PM

Growth rates could double by 2021 but this hinges on whether the government can lower electricity and water costs says the founder of Prime Philippines

Photo by Rappler/John Javellana

Boeing reports $234M loss after unexpected costs

Jul 28, 2016 - 12:50 AM

These costs include higher expenses for the KC 46 tanker program and for building the Boeing 787 Dreamliner

epa05363313 A man walks past a logo of multinational Aircraft manufacturing company Boeing at Taoyuan airport, in Taoyuan, Taiwan, 14 June 2016. EPA/RITCHIE B. TONGO

Airbus profit lifted by exceptionals

Jul 28, 2016 - 12:30 AM

Orders slide by 27 but the plane manufacturer cites brisk sales at this month s Farnborough Airshow

epa05422053 An Airbus A380 is seen at the Farnborough International Airshow in Farnborough, Britain, 12 July 2016. The Farnborough International Air Show runs from11-17 July. EPA/HANNAH MCKAY

UK drugs giant GSK to invest $361M despite Brexit

Jul 27, 2016 - 9:30 PM

The move will boost production and support delivery of its latest innovative respiratory and large molecule biological medicines

epa05155722 (FILE) A file picture showing the logo of the British multinational pharmaceutical and consumer healthcare company GlaxoSmithKline (GSK, bottom) outside the GSK factory in Shanghai, China, 17 July 2013. According to news reports on 12 February 2016 the British Competition and Markets Authority (CMA) has fined a number of pharmaceutical companies, including GlaxoSmithKline PLC, (GSK) for anti-competitive conduct and agreements in relation to the supply of paroxetine. GSK?s total fine is 37,6 million GBP or 48.2 million euros. Generics (UK) Limited (GUK) was fined 5,8 million GBP or 7.4 million euros have been imposed on Merck KGaA (GUK?s former parent) and GUK and Alpharma?s infringement, total fines of 1,5 million GBP or 1.9 million euros have been imposed on Actavis UK Limited (formerly Alpharma Limited), Xellia Pharmaceuticals ApS (formerly Alpharma ApS) and Alpharma LLC (formerly Zoetis Products LLC, Alpharma LLC and Alpharma Inc). EPA/STR CHINA OUT

China: Export curbs 'in line with WTO rules'

Jul 20, 2016 - 8:30 PM

In response to EU and US allegations Beijing s commerce ministry says export duties and quotas over raw materials are also meant to protect the environment

epa01839780 A cargo ship loaded with containers leaves the Yangluo Container Port on the Yangtze River in Wuhan in central China's Hubei province 28 August 2009. China has narrowly surpassed Germany as world's top exporter for the first time, according to a report by the World Trade Organization (WTO). EPA/ZHOU CHAO

Taiwan's TSMC to get iPhone 7 revenue boost – analyst

Jul 14, 2016 - 11:00 PM

Industry watchers say TSMC is believed to be producing the A10 chip for Apple s iPhone 7

epa05349568 A picture made available on 07 June 2016 shows a sign of Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker, in Tainan, south Taiwan, 26 May 2016. On 07 June 2016, TSMC Chairman Morris Chang told a shareholders' conference in Hsinchu, west Taiwan, that TSMC will reach 5-10 percent growth in 2016 despite weak global economy which is dragging down the semiconductor industry. Chang called the up-coming 7-nonameter manufacturing process a competition with two major players, TSMC and South Korea's Samsung. TSMC saw its 2015 revenues rise 10.6 percent and profits up 16.2 percent from 2014 respectively. EPA/DAVID CHANG

US challenges China over raw materials duties at WTO

Jul 14, 2016 - 4:30 PM

These duties are China s attempt to game the system so that raw materials are cheaper for their manufacturers and more expensive for ours says US Trade Representative Michael Froman

US Trade Representative Michael Froman announces that the US and China signed an agreement ending certain Chinese export subsidies on April 14, 2016 in Washington,DC. / AFP PHOTO / NICHOLAS KAMM

Airbus and Boeing face off at rain-soaked Farnborough

Jul 12, 2016 - 3:45 PM

Airbus reveals a 4 4 billion firm order from Virgin Atlantic while Boeing announces that China s Donghai Airlines plans to buy jets worth over 4 0 billion

epaselect epa05420940 Plane enthusiasts watch an Airbus A-380 during a flight demonstration at the Farnborough International Airshow, in Farnborough, Britain, 11 July 2016. The Farnborough International Air Show runs from 11 to17 July 2016. EPA/HANNAH MCKAY

Splash Corporation to delist from PSE

Jul 11, 2016 - 12:26 PM

The personal care company will conduct a tender offer priced at P3 10 per share

LOW TRADING. Splash became popular for providing affordable whitening products that successfully competed with well-known foreign brands. Screenshot from Splash Corporation website

Snapshot of industries: Good, poor performers under Aquino

Jun 18, 2016 - 9:30 AM

How did industries fare under the Aquino administration?

FASTEST GROWING. The country’s turnaround from being Sick Man of Asia to the fastest growing economy in the region is President Benigno Aquino III’s claim to fame

Microsoft to end smartphone manufacturing – union

May 25, 2016 - 10:00 PM

UPDATED Microsoft said the move will result in an impairment and restructuring charge of approximately 950 million 852 6 million euros for the company

Toyota to build new factory in Malaysia

May 25, 2016 - 10:00 PM

The 489 million car assembly factory will begin operations in 2019

epa05144103 A visitor is reflected on the logo of a Toyota vehicle at the company's showroom in Tokyo, Japan, 05 February 2016. Strong US sales and cost-cutting pushed carmaker Toyota Motor Corp's net profit up by 4.7 per cent to 628 billion yen (5.37 billion dollars) in the last quarter, the company said. The world's top carmaker also booked an operating profit of 722.3 billion yen in the October-to-December quarter, down 5.3 per cent from the same period a year before. Sales grew 2.4 per cent to 7.34 trillion yen. EPA/CHRISTOPHER JUE

Apple suppliers, Taiwan stocks boosted on iPhone 7 reports

May 23, 2016 - 9:00 PM

Apple reportedly ordered at least 72 million units of the iPhone 7 according to a Taiwanese newspaper

epa04590278 Customers come out of an Apple Store in Beijing, China, 28 January 2015. Reports stated that Apple Inc. revenue in the fiscal first quarter ended 27 December in Greater China, which includes mainland China, Hong Kong and Taiwan, rose 70 per cent from a year earlier to 16.1 billion dollars (14.1 billion euro). Apple is pushing to increase to 40 stores in Greater China by the middle of the year 2016. EPA/ROLEX DELA PENA

Nissan throws $2.2B lifeline to scandal-hit Mitsubishi Motors

May 12, 2016 - 10:26 AM

UPDATED Nissan will become Mitsubishi Motors top shareholder following their deal

Poe: Aquino's economic vision 'not as clear as it should've been'

May 06, 2016 - 2:15 PM

Even if we ve made economic gains and strides in this particular administration people continue to be disillusioned because they don t feel it yet the presidential candidate says

'BEST PLATFORM.' Presidential candidate Grace Poe urges Filipinos to 'consider' her if they want a better Philippines. Photo by Alecs Ongcal/Rappler

Top chipmaker TSMC's first-quarter profit plunges

Apr 14, 2016 - 8:01 PM

The world s biggest tailor made microchip maker by revenue says first quarter net income fell to Tw 64 78 billion 2 0 billion down 18 from a year earlier and in line with previous guidance

TSMC. A photo dated November 2, 2012 and made available on December 7, 2015 of the logo of the Taiwan Semiconductor Manufacturing Corp (TSMC) at its headquarters in Hsinchu, western Taiwan. File Photo David Chang/EPA

PH manufacturing up 8.4% in February

Apr 12, 2016 - 7:55 PM

Results show a sharp turnaround from the 2 1 decline last year and continues a strong start for the sector in 2016

EXPLAINER: Can Comelec regulate 'Pride' ad that attacks Roxas rivals?

Apr 05, 2016 - 9:00 AM

The answer is in the Supreme Court s recent decision on the controversial Team Patay campaign of the Diocese of Bacolod in 2013

Ombudsman files raps vs Mayor Gatchalian, 7 others over Kentex fire

Mar 15, 2016 - 10:40 AM

They face multiple counts of violation of the anti graft act and for reckless imprudence for issuing business permits to Kentex

CASUALTIES. Authorities examine charred bodies of workers killed in the Kentex factory fire in Valenzuela City on May 14, 2015. Photo by Ben Nabong/Rappler

Mexico's Cemex eyes $855-M IPO in the Philippines

Mar 14, 2016 - 10:58 AM

This could be the biggest debut in the Philippine Stock Exchange in terms of capital raised

DEBUT. In May 2015, CEMEX made a $300-million investment in the Philippines. Photo from CEMEX Philippines Website

Strong start for manufacturing in 2016 – NEDA

Mar 10, 2016 - 3:55 PM

The Volume of Production Index sees a sharp increase in January 2016 compared to December 2015

Valenzuela mayor, 6 others ordered dismissed over Kentex fire

Mar 05, 2016 - 7:28 PM

But Valenzuela City Mayor Rex Gatchalian is able to secure a temporary restraining order stopping the Ombudsman s dismissal order

MOURNING. Church workers join relatives of the 72 fire victims of the Kentex Manufacturing Inc. in Valenzuela in a candle lighting during a mass for the 9th day of the incident. Photo by Joel Leporada/Rappler

Marcos years marked 'golden age' of PH economy? Look at the data

Mar 05, 2016 - 5:27 PM

The notion of a golden age of the Philippine economy under the Marcos regime especially during its latter years is a big fat lie

Nissan to build cars in Myanmar for first time

Feb 17, 2016 - 9:45 PM

The Myanmar assembly line aims to produce 10 000 units a year says Nissan

epa04864554 (FILE) A file photo dated 02 April 2015 shoeing the Nissan car company logo on display at a press event at the 2015 New York International Auto Show at the Jacob K. Javits Center in New York City, New York, USA. Nissan Motor Co said 29 July 2015 its net profit for the April-to-June quarter rose 36.3 per cent year-on-year, to 152.8 billion yen (1.24 billion dollars) due to strong sales in North America and Europe. Japan's second-largest carmaker also reported a 58-per-cent rise in operating profit to 193.7 billion yen for the three-month period. Sales jumped 17.6 per cent to 2.9 trillion yen. The number of vehicles sold in the United States, Nissan's largest market, rose 11.5 per cent from a year earlier to 360,762 units, while domestic sales fell 11.2 per cent to 114,066. EPA/JASON SZENES

Mitsubishi to invest P4.3B to build Mirage models in PH

Feb 10, 2016 - 9:50 PM

The move allows Mitsubishi to join the CARS Program says its global chairman who met with President Aquino in Manila

Manufacturing volume slightly up in December

Feb 10, 2016 - 7:08 PM

Volume of production rises to 4 9 growth compared to the 4 4 of the previous month brought about by increased construction and beverage consumption

PH exports dip by 3% in December 2015

Feb 10, 2016 - 3:06 PM

The National Economic and Development Authority attributes the drop to lower sales in manufactures agro based and mineral products which tempered higher earnings from petroleum products

LOWER EXPORTS. The export of manufactured goods declined by 1.8% in December 2015, after posting a slight improvement of 3.6% in November 2015. File photo by Romeo Gacad/AFP

China sets 2016 growth target at 6.5-7%

Feb 04, 2016 - 2:10 PM

The world s second largest economy admits its slowdown will continue this year

epaselect epa05110096 A migrant worker and a Chinese man walk passing by a construction site in central business district (CBD) of Beijing, China, 19 January 2016. China's economy grew 6.9 percent in 2015, according to official figures released 19 January, marking the slowest growth in more than a quarter of a century. The growth missed the 7-per-cent target that the government had set for the year and is the weakest since 1990. It matched predictions of 6.9 percent by economists. EPA/WU HONG

Taiwan chipmaker TSMC posts record profits for 2015

Jan 14, 2016 - 8:25 PM

TSMC is the world s biggest contract microchip producer and is known to be a supplier to Apple

TSMC. A photo dated November 2, 2012 and made available on December 7, 2015 of the logo of the Taiwan Semiconductor Manufacturing Corp (TSMC) at its headquarters in Hsinchu, western Taiwan. File Photo David Chang/EPA

PH manufacturing up 7.5% in November

Jan 12, 2016 - 7:29 PM

The sector is also expected to grow further due to robust domestic demand says NEDA

PH exports continue decline in November

Jan 12, 2016 - 4:09 PM

Given the performance of the export sector in the first 11 months of 2015 the full year target is unlikely to have been met NEDA s Arsenio Balisacan says

DECLINE. The Philippines records though the least export decline among the monitored economies in East and Southeast Asia for November 2015.

Foreign investments jump 165% in Q3

Dec 18, 2015 - 2:45 PM

The amount approved stood at P48 6 billion a significant increase from the P18 3 billion recorded in the same period last year

INVESTMENT PLEDGES. Manufacturing came in second with investment pledges valued at P7.9 billion ($166.36 million) or 16.2%, followed by administrative and support service activities at P3.6 billion ($75.81 million) or 7.4% share. File photo by Romeo Gacad / Agence France-Presse