News: PH manufacturing grows

Monday, September 2, 2024

PH manufacturing grows

September 3, 2024

MANUFACTURING

PH manufacturing extended growth streak in August

The country's manufacturing sector extended its growth streak in August as new orders continue to come in on improving global demand, S&P Global said on Monday. The S&P Global Philippines Manufacturing Purchasing Managers' Index (PMI), which measures the country's manufacturing output, stood at 51.2 in August.

By Mariedel Irish U. Catilogo

POLICY

SEC offers way for noncompliant firms to restore good standing

Delinquent and noncompliant companies registered with the Securities and Exchange Commission (SEC) now have a chance to turn their status around by paying significantly lower fees under the agency's newest incentive plan. The SEC said companies that have not filed or were late in filing their general information sheet and financial statements may only pay a P20,000 fee.

By Meg J. Adonis

INVESTMENTS

Top-level Australian trade mission visits PH this week

A high-profile Australian trade and investment mission is visiting the Philippines this week, with representatives of 14 key investment funds and corporations including global financial services group Macquarie Group joining the two-day affair. The Australian embassy in the Philippines said that the mission has been scheduled from September 5 to 6.

By Alden M. Monzon

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BIZ BUZZ

Pascual joins BDO

Many have been wondering what Alfredo Pascual's life would be like after leaving his post as head of the Department of Trade and Industry (DTI). Well, exactly a month after his resignation became effective, Sy family-led BDO Unibank Inc. gave us an answer.

By Meg J. Adonis

INQUIRER PLUS-EXCLUSIVE

Study: PH banks' digital assets vulnerable to hacking

Thousands of internet-linked assets used by Filipino banks and other financial service providers are exposed to digital threats, according to cybersecurity firm Tenable, raising the need for stronger digital defenses to ward off hackers. Tenable noted that 2,600 assets—like web servers, internet of things devices and network printers—of local financial players were vulnerable to cyber threats.

By Tyrone Jasper C. Piad

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