THE NEW HIDDEN GEMS IN THE SOUTHEAST ASIA
Philippines is asserted to be the fastest-expanding major ASEAN economy in 2016 and the Senior economist from Barclays PLC expected the economy to continue its GDP growth in 2017 on the back of a series of domestic demands and modest fiscal stimulus programs supported by the Philippines government.
Seen as a new and fastest growth area, the Philippines is well positioned to attract new investments that would catalyze industry growth and development. Since 2012, the DTI has focused on a new industrial policy that aims to improve the country’s competitiveness and provide a business environment conducive to industry upgrading, moving up the global value chain, creating quality jobs, and attaining sustainable and inclusive growth. READ MORE
PUV (Public Utility Vehicle) Modernization Program!
What it means for the people and the Metalworking Industry!
Under the recent announced PUV Modernization Program, the Philippine government intends to replace all old Jeepney vehicles aged 15 years or older with new range of environment-friendly Jeepneys with a host of safety features.
For business savvy individuals, they saw a new market opportunity especially auto parts manufacturers, as the program will likely lead to local manufacturing of auto parts, maintenance & repair works on a long haul basis!
1) Read the PUV Modernization Program reported by Rappler
2) Read the House Briefing on the PUV Modernization Program Reported by Rappler
UNCHAIN THE ADDITIVE MANUFACTURING POTENTIALS
IN THE METALWORKING INDUSTRY
3D Printing is seen as a form of disruptive technology that’s slowly shaking up the manufacturing world? Beyond Prototype, AM has gained momentum to produce functional metal parts in full colour at a fraction of time.
Metal additive manufacturing allows metal parts to be built without the need for traditional tooling and with few limitations in geometry. Equally, it is complementary to traditional subtractive methods and can be readily integrated into the existing production workspace.
Stay tune as we bring the AM into the International Metalworking Philippines 2018 Exposition!
Philippines: Infrastructure Development is a Priority
Philippines: Infrastructure Development is a Priority. April 24, 2017. President Rodrigo Duterte’s administration has made tackling the country’s infrastructure deficit a major priority. The fourth item on the President’s 10-point Socio-Economic Agenda calls for boosting annual infrastructure spending to account for 5% of GDP…..See the document Philippines-Infrastructure-Development-is-a-Priority
Attract new investment and stimulate demand that will revitalize the Philippine automotive industry and develop the Philippines as ASEAN’s automotive manufacturing hub.I’m a new Text block ready for your content. READ MORE
The Board of Investment’s (BOI) goal is to be able to manufacture eco-friendly public utility vehicles (PUVs) by the end
of this year. This program has definitely created an extensive market opportunity for the local metalworking Industry.
The Philippine Gross Domestic Product (GDP) posted 6.4% growth in the first quarter of 2017, making the Philippines the second-fasted growing economy in Asia. READ MORE
The Philippine automotive industry posted remarkable numbers for 2016 with an impressive 27.6% year-on-year growth
over 2015 sake. READ MORE
In 2016, the electronics industry accounted for 49 percent of the total Philippines exports, directly employed over 2.3 million, and had a total of P80.78 billion investments for the country. READ MORE