The Department of Trade and Industry (DTI) said Japan’s Nidec Corp., a maker of electric motors, is planning a PHP 40 billion (USD 710.8 million) expansion of its manufacturing site in Subic in the next three years. The expansion targets a 50,000-unit augmentation to...
Daesang Philippines Corp., the local unit of South Korea’s Daesang Corp., has received approval from the Board of Investments (BOI) to produce tapioca starch in the country via a PHP 750-million (USD 13.3 million) project that is also expected to hire nearly 500...
Vietnam is anticipating more chances in the US market as the price of its coffee exports is rising. In the first five months of 2022, Vietnam raked in USD 124.95 million from exporting 50,580 tons of coffee, representing a fall of 2.9% in volume, but a rise of 23.6%...
The Singapore Government announced in June that it plans to spend USD 2.7 billion for infocommunications technology (ICT) procurement in 2022 with small and medium-sized enterprises (SMEs) participating in close to 80% of the potential opportunities. The investments...
The Singapore Ministry of Health (MOH) has announced plans to nearly double the number of eldercare centers in Singapore from 119 to 220 by 2025. This announcement comes amidst reports about Singapore’s ageing population, where it is noted that there will be an...
Apple has announced to produce iPad in Vietnam for the first time. This is in an effort to diversify its supply chain and lessen reliance on China, the company’s primary manufacturing hub. According to Nikkei Asia, the American firm is shifting part of its iPad...
Amber Kinetics, a manufacturer of grid-scale kinetic energy storage systems (KESS) will complete its second manufacturing plant in the country by year-end, expanding its production capacity by more than double. Its first firm facility in the First Philippine...
The global chip shortage led to increasing demand for semiconductors, which in turn made Singapore’s manufacturing output jump 13.8% year-on-year in May. For eight months the sector in Singapore has been consistently performing better. Despite the presumptions of...
KFC and sustainable packaging firm, Tria partner on a project that plans to recycle food and packaging waste into fertilizers. The pilot project started in June at KFC’s Yishun outlet. According to Ms Marisa Soares, vice-president – Farming Solutions, Africa...
On June 21st, Singapore’s Ministry of Finance announced the new Energy Efficiency Grant. The grant will assist SMEs in the food services, food manufacturing, and retail sectors with up to 70% financial support for energy-efficient equipment, after approval, in certain...
At the 19th Shangri-La Dialogue in Singapore, Japan Minister of Defense Kishi Nobuo and Singapore Defense Minister Dr Ng Eng Hen signed an Enhanced Memorandum on Defense Exchanges. They also announced the initiation of negotiations on an Agreement regarding the...
Arquus and PT Pindad signed an MoU during the Eurosatory 2022 exhibition, which took place in Paris, to create a future partnership in land systems platforms for Indonesia. This MoU involves the development and construction of new armored vehicles, as well as related...
