The Philippines and South Korea have recently signed agreements to finance three major infrastructure projects, aimed at boosting connectivity and economic development in Luzon and Visayas. One of the key projects is the Samar Pacific Coastal Road II, which will...
7-Eleven Philippines, operated by Philippine Seven Corporation (PSC), is gearing up for significant expansion in the coming years. The convenience store chain, which recently celebrated its 40th anniversary and the opening of its 4,000th store, aims to reach 500 new...
The Philippines and Sweden have formalised a strategic partnership aimed at accelerating cancer control efforts, with Bataan serving as the pilot province. The collaboration brings together key stakeholders, including the Bataan General Hospital, AstraZeneca, Elekta,...
The Philippine Space Agency (PhilSA) recently unveiled the Copernicus Data Centre, a key milestone in the EU Global Gateway strategy. Located in Quezon City, this facility is the first of its kind in Asia and will serve as a hub for Earth observation data processing...
The Department of Agriculture (DA) and the Korea Agricultural Machinery Industry Cooperative (KAMICO) have signed a memorandum of understanding (MOU) to establish the Philippines’ first agricultural machinery industry complex. The complex will be located on a...
Over 150 Taiwanese companies participated in the Philippine Investment Forum (PIF) held in Taipei on October 22, 2024, showcasing investment opportunities in key sectors such as smart transportation, electric vehicles (EVs), smart city development, semiconductor...
IOI Properties Group Bhd (IOIPG), one of Malaysia’s largest real estate developers, has announced the launch of the IOI Rio City masterplan, a 40.46-hectare (100-acre) integrated development in Bandar Puteri Puchong, Selangor. With a gross development value of...
MKS Instruments Inc., a US-based global technology solutions provider, has announced a USD 100 million investment to build a state-of-the-art super center factory in Batu Kawan, Penang. The facility will support the production of wafer fabrication equipment to meet...
Cargill has announced the launch of a new cocoa production line at its processing plant in Gresik, Indonesia, in response to the growing demand for rich, flavorful, and innovative indulgent food and beverages across Asia. The Managing Director of Cargill’s Food...
Turkish armored vehicle manufacturer FNSS and Indonesia’s Pindad have formalized a development and production agreement to manufacture the Kaplan armored personnel carrier (APC) for the Indonesian Army, FNSS announced last month. This agreement stems from a contract...
Japanese retailer Aeon has announced plans to invest USD 35 million in constructing a new shopping mall in Phu Ly town, located in Vietnam’s northern Ha Nam province. This investment was formalized through a memorandum of understanding (MOU) signed between Ha Nam...
In September 2024, Assa Abloy Group, a global leader in entrance automation and door control solutions, inaugurated its USD 30 million factory in the northern port city of Hai Phong. The Swedish company began its investments in the northern coastal city in December...
