Advanced technologies key to unlock manufacturing competitiveness

 



By Yeo Siang Tiong,

GM Kaspersky Southeast Asia

 

In business, growth is achieved either by buying or building. These are the traditional approaches. 

 

In the 21st century, another option has emerged: leveraging growth. This happens when a company ties up with trusted third-party resource to create new value and mutual synergies. The goal is for companies to drive innovation, accelerate advancement and capture the maximum economic benefits.  

 

The concept Industry 4.0, otherwise known as smart manufacturing, is the global trend of automation and data exchange in manufacturing technologies. We’re now talking about machines, materials…

Read more: Advanced technologies key to unlock manufacturing competitiveness

OFW remittances up to $13.7 billion in 5 months of 2019

 

 

By Rose de la Cruz

 

Land-based overseas Filipino workers with contracts of one year or more contributed substantially to the growth of OFW remittances during the first five months of 2019, to $13.7 billion.

 

In May alone, remittances rose to $2.9 billion, a 5.5 percent increase from $2.7 billion for the comparative period in 2018.

 

On a cumulative basis, OFW remittances for January-May 2019 increased by 4.1 percent reaching $13.7 billion from last years' level of $13.2 billion, said Bangko Sentral ng Pilipinas Gov. Benjamin E. Diokno today.…

Read more: OFW remittances up to $13.7 billion in 5 months of 2019

Soon, a National Commission on Senior Citizens

 

 

By Rose de la Cruz

 

A full-time commission that would be the voice of senior citizens would soon be created, once President Duterte approves the bill creating it.

 

Ako Bicol partylist Rep. Alfredo Garbin Jr., one of the authors of House Bill 8837 or the Senior Citizens Commission Act, said instead of being just a coordinating and monitoring board with no real powers, a national commission on senior citizens will soon be created and have field offices to make sure welfare laws for the elderly are implemented well.

 

"We're glad Congress was able to transmit…

Read more: Soon, a National Commission on Senior Citizens

NEDA’S APPLICATION FOR PHILIPPINE AIR FORCE AFFILIATION APPROVED

 

 

 

The Armed Forces of the Philippines (AFP) has approved the application for affiliation of the National Economic and Development Authority (NEDA) as a reserve unit of the Philippine Air Force (PAF).

 

The application, which was unanimously approved by members of AFP’s Affiliated Reserve Unit Organization Board during its July 3, 2019 meeting, will be endorsed to Defense Secretary Delfin N. Lorenzana and President Rodrigo R. Duterte for official confirmation.

 

“With NEDA being affiliated to Air Force as its reserve unit, the agency can go beyond its main task of providing technical assessments and policy advice…

Read more: NEDA’S APPLICATION FOR PHILIPPINE AIR FORCE AFFILIATION APPROVED

NEDA urges robust policies to bolster manufacturing growth

 

 

 

A stronger push for policies and programs that improve food production and public spending and that capacitate micro small and medium enterprises (MSMEs) is needed to strengthen manufacturing growth, the National Economic and Development Authority said.

 

In its Monthly Integrated Survey of Selected Industries (MISSI), the Philippine Statistics Authority (PSA) reported that the performance of manufacturing production continued to decline in May 2019.

 

Year-on-year growth of the Volume of Production Index (VoPI) decreased by 4.0 percent while the Value of Production Index (VaPI) contracted by 2.1 percent.  Still, this is a slight improvement from the…

Read more: NEDA urges robust policies to bolster manufacturing growth

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