Major Philippine businesses have expressed support for the return to the workplace of various industries across the country, citing the impact it will have on economic growth moving forward.
Socioeconomic Planning Secretary Karl Kendrick Chua is optimistic that the country’s metropolis would ease restrictions in the coming month, adding over P11 billion and over 191,000 jobs to the economy.
The Philippines is on its way to post-pandemic recovery next year as it projects deal activity to further pick up in 2022 with opportunistic and cost-effective financings to support growth, foreign bank Citi said Tuesday.
Philippine manufacturing posts modest growth in March By JON VIKTOR D. CABUENAS, GMA News
Published April 5, 2021 11:25am The Philippine manufacturing sector continued to expand in March, albeit at a slower pace than the previous month, according to results of the monthly survey conducted by IHS Markit. The IHS Markit Philippines Manufacturing PMI fell to 52.2 in March from 52.5 in February. The PMI is a composite indicator of the manufacturing sector s performance, with 50.0 as the threshold. A reading above 50 indicates growth while below 50 is a contraction. The Philippines manufacturing sector ended the first quarter on a positive note with a modest expansion recorded in March, IHS Markit Economist Shreeya Patel said in a commentary.