The global economy is entering the Fourth Industrial Revolution (4IR), or Industry 4.0, based on the application of new digital and automated technologies in production processes and service delivery. These changes are presenting emerging markets with opportunities such as improved productivity, as well as risks, namely reshoring and the...
Faced with a highly competitive environment in which rival markets are looking to capitalise on rapid technological progress to establish superiority in new fields of advanced manufacturing, the government has launched a multi-pronged strategy to ensure Philippine industry keeps pace. Overseen by the Department of Trade and Industry (DTI), the...
South-east Asia’s automobile manufacturing hubs have long centred on assembly plants located in Thailand and Indonesia, which have in turn supplied much of the imports to other nations within the ASEAN trade network. In the Philippines, the majority of the rapidly growing automotive market is still supplied by foreign imports, leaving domestic...
The favourable combination of strong sustained growth, a young and increasingly affluent middle class, and high consumer confidence are combining in the Philippines to create one of the most robust retail sectors in South-east Asia. With the Philippines’ growing population now exceeding the 100m mark, 6.6% GDP growth in 2016, lower inflation...
The often overlooked industrial sector continues to largely impress investors, as manufacturing is currently one the best-performing segments not only in the Philippines, but in South-east Asia as a whole. Apart from its favourable location in a rapidly growing region, the Philippines has a distinct advantage thanks to its large, relatively...
The Philippines lies on top of some of the richest metallic mineral deposits anywhere on earth, as the country’s active geology has vast concentrated amount of nickel, gold, copper, silver and other precious metals. According to the Mines and Geosciences Bureau, in 2016 the Philippines’ mining potential was ranked fifth largest in the world...
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