The local stock market followed through on the previous day’s rally as upbeat investors bought up shares. The main index rose by 78.71 points or 1.11 percent to close at 7,184.72 with the Property sector leading the charge while the Mining and Oil counter was the only one in the red.
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PSEi declines due to extended Metro Manila lockdown bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
February 2, 2021 | 12:35 am Advertisement
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PHILIPPINE manufacturing activity rose to a 25-month high in January, as improved customer demand led to higher production, a survey conducted by IHS Markit showed.
IHS Markit on Monday reported its Philippines Manufacturing Purchasing Managers’ Index (PMI) hit 52.5 in January, well above the 50-neutral mark that separates expansion from contraction and a turnaround from the 49.2 reading in December.
This was the highest PMI reading in 25 months or since the 53.2 logged in December 2018.
“January data indicated a rebound in operating conditions across Filipino manufacturing sector after three successive months of decline,” Shreeya Patel, economist at IHS Markit, said in a statement.
First Philippine Industrial Park gets special PEZA award bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Published December 19, 2020, 6:00 AM
The Philippine Economic Zone Authority (PEZA) has given the Green, Healthy, Smart, and Sustainable Ecozone Award to Lopez-led First Philippine Industrial Park (FPIP) for its “notable commitment to promoting healthy industrialization and sustainably-designed, smart, and green economic zone.”
FPIP was one of only two ecozones to receive the award – the first to be given by PEZA to honor outstanding registered economic zone locators.
PEZA opened the new Green, Healthy, Smart and Sustainable Ecozone Award category for the year 2020 ceremonies as a way to encourage ecozone developers to, among other things, “design ecozone towards sustainability and a decarbonized future;” and “adopt clean and green technologies/methodologies” that would make ecozone operations “more efficient and environment-friendly.”