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AMRO projects 5.6% growth for Philippines in 2025, urges reforms

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AMRO projects 5.6% growth for Philippines in 2025, urges reforms



The Philippine economy is expanding steadily, supported by strong domestic consumption and a resilient labour market, though growth is slower than pre-COVID levels, the ASEAN+3 Macroeconomic Research Office (AMRO) said after its September 2–19, 2025 consultation.

The mission was led by principal economist Jinho Choi, with policy discussions involving AMRO director Yasuto Watanabe and chief economist Dong He. Discussions focused on the Philippines’ recent macroeconomic developments, outlook, risks and vulnerabilities, and policy priorities for sustaining growth and maintaining financial stability.

Inflation is projected to rise moderately from 1.8 per cent in 2025 to 3.2 per cent in 2026, remaining within the BSP’s target.

The current account will remain in deficit, but net inflows in the financial account and a robust banking sector—characterised by low non-performing loans (NPL), strong profitability, and ample liquidity—support overall stability. Fiscal consolidation continues but at a slower pace to prioritise growth-enhancing measures. Monetary policy has shifted to easing, with the BSP advised to proceed cautiously given potential supply shocks and a near-zero output gap.

Downside risks include aggressive US protectionist measures, weaker demand from trading partners, tighter global financial conditions, and renewed inflationary pressures. Persistent challenges—such as pandemic scarring, weak infrastructure, and limited manufacturing capacity—are weighing on potential growth, AMRO said.

AMRO urged balancing fiscal consolidation with investments in infrastructure and human capital, upgrading the financial stability framework, and improving monetary policy transmission through deeper liquidity and bond market development. The report also highlighted the need to prepare for climate shocks, enhance competitiveness, and embrace AI through workforce upskilling and private sector investment.

The near-term outlook remains stable, driven by domestic demand, but sustaining medium-term growth will require strategic policy refinements and structural reforms.

“Despite external headwinds, the Philippine economy is expected to continue growing at 5.6 per cent in 2025 and 5.5 per cent in 2026. Growth will be driven mainly by robust private consumption, while private investment and exports will face challenges from US tariff policies. If sustained, the tariff impact—partly offset by front-loaded export orders this year—could weigh more heavily in 2026,” said Dr. Choi.

AMRO expects the Philippine economy to grow 5.6 per cent in 2025 and 5.5 per cent in 2026, driven by strong consumption despite external headwinds.
Inflation will stay within BSP’s target.
Fiscal consolidation, easing monetary policy, and reforms in infrastructure, AI-driven upskilling, and financial stability are key to sustaining medium-term growth.

Fibre2Fashion News Desk (HU)



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SPGPrints to showcase heritage and innovation at ITMA Asia 2025

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SPGPrints to showcase heritage and innovation at ITMA Asia 2025



At SPGPrints, innovation is part of our DNA. Since inventing rotary screen printing in 1963, we’ve continued to shape the textile printing industry — from pioneering high-speed rotary printing to leading today’s digital transformation. With decades of experience and a strong customer-first approach, SPGPrints empowers businesses worldwide to achieve more through reliable, sustainable, and high-quality printing solutions.

SPGPrints will showcase innovation at ITMA Asia 2025 (October 28–31, Singapore).
Highlights include the launch of its new digital textile printer for faster, sustainable production, plus rotary systems Teak and Eucalyptus for quality, flexibility, and efficiency.
The eco-friendly Larch CO₂ laser engraver enables precise, water-free screen production.

A New Digital Milestone

At ITMA Asia 2025, we will unveil our newest digital textile printer, designed to meet the evolving needs of modern textile production. As the market shifts toward digital printing — demanding shorter runs, faster turnaround, and more sustainable workflows — our new solution combines high resolution, speed, and efficiency to help printers stay ahead.

SPGPrints’ complete digital ecosystem — including advanced printers, tailored inks, and global service — enables cost-effective production without the need for engraved screens, while reducing ink, water, and energy consumption.

Rotary Printing: Proven Technology, Future-Ready

Rotary screen printing remains the benchmark for consistency, versatility, and return on investment. At ITMA Asia, we proudly present two highlights from our rotary portfolio:

  • Teak – The latest generation of our Pegasus system, offering top-quality output with unmatched flexibility for fine lines, half tones, and special effects. Sustainable features such as eco-paste and a water-saving package minimize waste.
  • Eucalyptus – Built for wider-width applications, delivering robust performance, high registration accuracy, and flexibility for shorter runs.

Together, they represent the heritage, innovation, and future of rotary textile printing.

Sustainable Engraving with Larch

Also on display is the Larch CO2 direct laser engraver — a cost-efficient, eco-friendly gateway to high-precision rotary screen production. Using a single-step dry process, Larch eliminates water usage, consumables, and wet processes, enabling fast, sustainable, and accurate engraving.

Discover SPGPrints at ITMA Asia

Visit booth H6-C301 at ITMA Asia 2025 in Singapore (October 28–31) to explore our full portfolio. See our new digital printer unveiled live, experience the power of Teak and Eucalyptus, and learn how Larch can transform your workflow. Experience the difference with SPGPrints — where heritage meets innovation.

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (HU)



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Bangladesh allows partial exporters to import raw materials duty free

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Bangladesh allows partial exporters to import raw materials duty free



Bangladesh’s National Board of Revenue (NBR) recently allowed partial export-oriented industrial units to import raw materials free of duty against a bank guarantee.

Exporters who cannot obtain a bonded warehouse licence under existing bond management conditions can now import raw materials or goods without paying customs duties, according to domestic media reports.

To avail of this benefit, importing companies must submit a bank guarantee equivalent to the customs duties assessed by the authorities on the imported items.

Bangladesh’s National Board of Revenue has allowed partial export-oriented industrial units to import raw materials free of duty against a bank guarantee.
Exporters who cannot obtain a bonded warehouse licence can now import raw materials or goods without paying customs duties.
The decision will help export-oriented industries maximise production capacity, diversify exportable products and expand exports.

NBR expects the decision will help export-oriented industries maximise their production capacity, diversify exportable products and expand exports.

Fibre2Fashion News Desk (DS)



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Dutch producer confidence improves in Sept but stays negative

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Dutch producer confidence improves in Sept but stays negative



Producer confidence was less negative in September than it was in the previous month, according to Statistics Netherlands (CBS). Producer confidence stood at -1.6, up from -3.3 in August. Manufacturers were more positive regarding output for the next three months, in particular. In the textiles, clothes and leather sector, producer confidence showed a notable improvement, moving from -7.2 in August to -3.6 in September.

Manufacturers’ expectations regarding output for the next three months were more positive than in August. They were also less negative about their current stocks of finished products and order positions, CBS said in a press release.

Producer confidence in the Netherlands improved in September to -1.6 from -3.3 in August, as per CBS.
Textiles, clothes and leather sector also saw improvement.
Manufacturers were more optimistic about output for the next three months but remained cautious on orders and stocks.
Output in July was down 1.1 per cent YoY and 1.4 per cent MoM.

One component of producer confidence was positive: there were more manufacturers expecting an increase in output over the next three months than there were expecting a decrease.

However, two other components of the indicator were negative. Manufacturers were more likely to indicate that their order position was weak rather than strong for the time of year, and more manufacturers described their current stock of finished products as large rather than small.

In July, the calendar-adjusted output of the Dutch manufacturing sector was 1.1 per cent lower than it was in July 2024. Manufacturing output fell by 1.4 per cent relative to June, after adjusting for seasonal and calendar effects, added the release.

Fibre2Fashion News Desk (SG)



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