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Published February 2, 2021, 5:00 AM Trade and Industry Secretary Ramon Lopez said the latest manufacturing index bodes well for the economy as he cited efforts in the cold chain and copper industries development as crucial pillars that will strengthen the country’s supply value chain. The Philippine Manufacturing Purchasing Managers’ Index (PMI) increased to 52.5 in January from 49.2 the previous month, above the 50.0 neutral mark separating expansion from contraction. January PMI data is the highest in 25 months, even prior to the pandemic, signaling improving manufacturing conditions an...

Published December 19, 2020, 12:28 PM Waste materials have been turned to being a valuable source of income through the Collaborative Research and Development to Leverage Philippine Economy (CRADLE) Program of the Department of Science and Technology (DOST). According to the DOST, CRADLE enables local companies, including Small-to-Medium-Enterprises (SMEs) to find value through innovation.  It recently approved a research for a local company to turn previously unused and disposed materials into a fine undertaking.   One of the recently approved CRADLE projects is with Aegina Organic Farm Pr...

World Bank Group Announcements to Support Countries Take Climate Action Format WASHINGTON, Dec 10, 2020 --- The World Bank Group today made several announcements in line with its ongoing support to help developing countries address climate change and adapt to its mounting impacts. These include: Germany, the UK, and Austria are the first donors to a Green Recovery Initiative, which aims to help countries build a low-carbon, climate-resilient recovery from COVID-19. Funding will be provided through a new flagship World Bank trust fund, the Climate Support Facility which was launched today wit...