PTRI: Textile industry strong despite economic headwinds

Quick Summary:

AMID the challenges posed by the country’s economic performance in 2024, the Philippine Textile Research Institute (PTRI) remains confident in the strength of the textile industry.

For 2025, PTRI’s budget has increased to P319 million, up from P254 million in 2024.

Leaño further noted the importance of sustained investment to not only support growth but also to fortify the industry’s long-term stability.“The [garment manufacturers] are also talking amongst themselves.

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Article Details

Author / Journalist: Bless Aubrey Ogerio

Category: BusinessStartups

Markets: Philippines

Topics: Industry Philippine Textile Leaño Research Institute Assurances Machines Remains Ptri 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-02 @ 16:12:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 426 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 25730170

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