United States President Joe Biden announced in early May 2023 a “first of its kind” presidential trade and investment mission to the Philippines in a bid to promote broad-based economic growth. The mission is expected to enhance US companies’ investment in...
Singaporean oat milk brand OATSIDE held its official launch in the Philippines at Papakape, Fort Santiago, Intramuros Manila on May 9, 2023. In partnership with the Moment Group, guests were able to taste Filipino cuisines and delicacies that incorporated OATSIDE,...
The Armed Forces of the Philippines (AFP) has recently updated its military acquisition plan in line with its ongoing equipment modernization program and submitted it for approval to President Ferdinand Marcos Jr. The AFP wish list had to be updated after several...
Maynilad Water Services Inc. (MWSI), one of the two water utility concessionaires which manages the west zone of Metro Manila comprising of 17 cities and municipalities, will be investing PHP 10 billion (USD 178.2 million) in the next 5 years to replace a total of...
First Gen Corporation, a subsidiary of First Philippine Holdings Corporation, which focuses on power generation and distribution, has recently announced plans to join the Department of Energy (DOE)’s 2nd Green Energy Auction (GEA) Program, in a bid to expand its...
According to real estate agency Savills Vietnam, many luxury brands have targeted Vietnam as part of their market diversification strategies. Although China is still a critical market for the global luxury retail sector, Southeast Asian countries, including Vietnam,...
Sweden’s Trelleborg Group has decided to invest in a completely new manufacturing facility in Vietnam for mainly marine solutions, such as marine construction, infrastructure, and fenders. The investment is part of a larger restructuring project where Trelleborg...
Vietnam’s population has been increasing fast, with roughly 1 million people added each year. In 2023, the country is forecasted to achieve the 100-million milestone. Ho Chi Minh City and Hanoi are the two most populous metropolitans, which are home to 9 million and 5...
Vietnam’s data center sector is booming at an unexpected pace, with both domestic and global players willing to establish more data centers as demand for data storage continues thriving. The implementation of the new law on data localization since 2022 has been...
In May 2023, Pfizer Vietnam signed a Memorandum of Understanding (MOU) with the Vietnam Pediatrics Association (VPA) to strengthen the capability of pediatric healthcare professionals in the Southeast Asian country during the 2023-2026 period. The MOU will also...
Vietnam recently announced that it has finalized a long-awaited power plan for this decade, with the goal of increasing wind energy and gas while decreasing dependency on coal. The plan, known as PDP8, intends to ensure the country’s energy security while...
The United Nations Development Program (UNDP) and the Embassy of Japan in Vietnam have given the Vietnamese city of Hue six electric trucks for rubbish collection, which are Vietnam’s first electric garbage collection trucks. The Japanese government will assist...
