• 11 October 2015
MANILA, Oct. 11—After a three-month decline, the manufacturing sector bounced back in August 2015 due to the vigorous construction activity and high demand for automotive products, according to the National Economic and Development Authority (NEDA).In the Philippine Statistics Authority’s Monthly Integrated Survey of Selected Industries for August 2015, the manufacturing sector’s Volume of Production Index (VoPI) increased by 3.7 percent, a big improvement from its performance in the past three months.However, it remains behind the 5.7-percent growth it posted in the same month last year.“We must continuously drive domestic demand to offset the low global demand and strengthen the link between the agriculture and manufacturing sectors to reduce the economy’s vulnerability to external supply shocks,” said Economic Planning Secretary Arsenio M. Balisacan.Meanwhile, the Value of Production Index (VaPI) declined by 4.6 percent.For consumer goods, manufacture of beverages is leading in the growth in value of net sales, as it posted a 19.1-percent growth in August. Tobacco also posted a double-digit growth in both value and volume of net sales. On the other hand, the food sub ...Read more

DSWD: No truth to claims on hiding the homeless during APEC 

 CENTRAL  11 October 2015
QUEZON CITY, Oct. 11—The Department of Social Welfare and Development (DSWD) on Saturday said that there is no truth to the apprehensions of some leftist groups that it will hide the homeless families during the Asia Pacific Economic Conference (APEC) next month.DSWD Secretary Corazon Juliano-Soli ...Read more

New tobacco floor prices for next trading seasons 

 CENTRAL  11 October 2015
QUEZON CITY, Oct. 11—The new prices for the three tobacco types—Virginia, Burley and Narive—were approved at the biennial Tobacco Tripartite Consultative Conference, held at the NTA Central Office in Quezon City last September 29. For Virginia, the floor price per kilogram for the top grades ...Read more