The Armed Forces of the Philippines (AFP) is refocusing its procurement priorities under Horizon 3 of the AFP modernization program, a 15-year plan to modernize the country’s military system through the acquisition of new equipment. The AFP modernization program...
Maynilad Water Services, Inc., the largest private water concessionaire in the Philippines in terms of customer base, has committed over PHP 3 Billion (USD 52.8 million) to upgrade 17 of its 22 existing Sewage Treatment Plants (STPs) within the next five years. This...
PetroSolar Corporation (PSC), a subsidiary of Philippine renewable energy producer PetroGreen Energy Corporation (PGEC), has sealed a power supply agreement with Shell Energy Philippines Inc. Under this agreement, PSC will supply a portion of Shell Energy’s...
A 2023 study conducted by The Economist Impact reveals that possessing proficiency in Artificial Intelligence (AI) has become an essential digital competency for Filipino workers. However, the major obstacle for those aspiring to self-educate in this field is the...
The Asian Development Bank (ADB) has approved a USD 303 million loan to reduce flood and climate risks and protect people and livelihoods in three major river basins in the Philippines, one of the most vulnerable countries impacted by climate change and natural...
According to a recent study published by the Philippine Institute for Development Studies (PIDS), the Philippines is losing over PHP 110 billion (USD 1.9 billion) annually due to cancer. Out of this cost, around PHP 40 billion (USD 704 million) are medical costs such...
The Development Bank of the Philippines (DBP), the Philippines’ eighth-largest bank in terms of assets, is ready to extend its support to the government’s food logistics action plan. The food logistics action plan is a 3-year program that sets strategies to modernize...
In September 2023, Lotte announced the official opening of Lotte Mall West Lake Hanoi, a mega shopping mall that serves customers desiring to experience Korean products ranking from as K-food and K-culture. Located across a remarkable 354,000 square meters, Lotte Mall...
According to Mr. Nguyen Thang Vuong, Head of the European and American Markets Division under the Ministry of Industry and Trade, Apple has relocated 11 factories for manufacturing audiovisual devices to Vietnam. According to the list of Apple’s global suppliers...
Petrovietnam Gas Joint Stock Corporation (PV GAS) has completed a series of technical tests and is now prepared to begin commercial operation of the Thi Vai liquefied natural gas (LNG) warehouse and terminal complex, making it the first mega LNG infrastructure in...
Vietnam’s Ministry of Information and Communications (MIC) is planning for the auction frequencies of 5G in November 2023, and it is expected that the first series of licenses for 5G deployment will be granted by the end of 2023. Following Vietnam’s regulations, the...
South Korea’s Ministry of Food and Drug Safety (MFDS) in September 2023 held a bilateral collaboration meeting with the Drug Administration of Vietnam (DAV) to support cosmetics exports to the Southeast Asian country. Korea exports the largest quantity of cosmetic...
