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Manufacturing latest news

Elizabeth Marcelo - Government arsenal spending up 420 percent but misses production target - philstar.com - Philippines - city Manila, Philippines

Government arsenal spending up 420 percent but misses production target

MANILA, Philippines — The Government Arsenal (GA) increased its spending in 2023 by 420 percent, but still failed to meet its ammunition production target for the year, according to a report from the Commission on Audit (COA).

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Malaysia: the surprise winner from US-China chip wars - manilatimes.net - Usa - Malaysia - China

Malaysia: the surprise winner from US-China chip wars

Shortly after a Chinese company opened up nearby, employees at Malaysian contract manufacturer Kemikon walked outside their factory to find sheets of paper stuck to their car windshields.

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Janine Alexis Miguel - Auto sales growth speeds up in Feb - manilatimes.net - Philippines

Auto sales growth speeds up in Feb

MOTOR vehicle sales accelerated in February, automakers reported on Wednesday, raising industry hopes of a strong first quarter and possibly another record result this year.

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Fumio Kishida - Plunging births push Japanese diaper maker to switch to adult market - philstar.com - Indonesia - Malaysia - Japan - city Tokyo, Japan

Plunging births push Japanese diaper maker to switch to adult market

TOKYO, Japan — Japan's plummeting birth rate has led a diaper manufacturer to stop making them for babies at home and instead ramp up production for adults, the company said Tuesday.

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Senior Citizens, PWDs to enjoy additional discount on purchasing basic necessities, prime commodities - da.gov.ph - Philippines

Senior Citizens, PWDs to enjoy additional discount on purchasing basic necessities, prime commodities

The Department of Agriculture (DA), Department of Trade and Industry (DTI), and Department of Energy (DOE) signed a joint administrative order (JAO) implementing a special discount of five percent of the regular retail price of basic necessities and prime commodities (BNPC) without exemption from the value-added tax (VAT) for Filipino senior citizens and persons with disabilities (PWDs).

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Claire Bernadette Mondares - FDA warns vs unlisted cosmetic products - manilatimes.net - Philippines - county White

FDA warns vs unlisted cosmetic products

THE Food and Drug Administration (FDA) on Wednesday warned the public against buying and using unregistered cosmetic products that may contain harmful ingredients.

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Janine Alexis Miguel - DTI shuts down vape company - manilatimes.net - China - city Manila

DTI shuts down vape company

THE Department of Trade and Industry (DTI) has ordered a vape company to shut down amid allegations of illegal marketing and tax evasion.

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Universal Robina FY23 profit: P12.8-B (down 12%) - philstar.com - Philippines

Universal Robina FY23 profit: P12.8-B (down 12%)

Universal Robina [URC 41.40 unch] [link], the Gokongwei Family’s consumer foods manufacturer, posted an FY23 net income of P12.8 billion, which was down 12% from FY22’s P13.6 billion which URC said was a “high base” due to the gains recognized on the sale of land. Full-year sales were P158.4 billion (up 6%), operating income was P17.4 billion (up 14%), and core net income was P12.6 billion (up 6%). URC said that its core net income was boosted by “operating income growth”, but “tempered” by the drag of “higher interest rates”.

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