IMI shutters Kuichong facility as part of China consolidation

MANILA, Philippines — Integrated Micro-Electronics Inc. (IMI), the listed semiconductors and electronics manufacturing arm of the Ayala Group, has shut down its Kuichong facility to consolidate its China business in a single location. In a regulatory filing on Wednesday, IMI said final production activities in Kuichong ended on Tuesday, Sept. 30. They are now integrating operations

RCBC: 65 years of progress, 65 years of trust

For 65 years, RCBC has been a steadfast partner to progress. RCBC is and has always been a force for nation-building, financing infrastructures, renewable energy, and other transformative projects to empower industries and connect communities. Banking, when purposeful, can help build a stronger and more sustainable future.  “Our most important asset will always be trust.

Philippine factory activity posts unusual postpandemic decline

MANILA, Philippines — Factory activity in the Philippines slipped into contraction in September, underscoring a rare postpandemic setback for the country’s manufacturers. The Purchasing Managers’ Index, a widely tracked gauge of manufacturing health, fell to 49.9 last month from 50.8 in August, S&P Global said on Wednesday. A reading below 50 signals a decline in activity.