The Philippine Economic Zone Authority (PEZA) is engaging more US firms to invest in the country’s economic zones and take part in promoting stronger bilateral relations between both countries. According to the director general of PEZA, the US continues to be one of...
A bill that amends the Retail Trade Liberalization Act (RTLA) of 2000 was signed by President Rodrigo Duterte into law. Known as RA 11595, the new law will lower the amount of investment required of foreign-owned retail trade enterprises, effective January 21, 2022....
The Department of Trade and Industry’s Board of Investment (BOI) has accredited a Philippine company called Iba Botanicals, Inc., a new essential oil producing company. The company will put up a manufacturing plant in Zambales province with an investment of PHP...
Last month, Nanyang Polytechnic (NYP) and Schneider Electric launched the Sustainability Experience Centre, a one-stop platform aimed at helping Singapore’s SMEs implement green technologies at the workplace. The center is focused on sustainable facilities...
South Korea’s Lotte Group has resumed the construction of a USD 3.9 billion petrochemical project in Indonesia, paving the way for realizing the group’s plan to expand the business in the region. In January 2022, Lotte Chemical Corp., the group’s petrochemical unit,...
Hon Hai (Foxconn), a global leader in smart manufacturing, signed an MoU in January 2022 with the Indonesian Ministry of Investment, Indonesia Battery Corporation (IBC), Indika Energy, and Gogoro, to jointly develop a sustainable new energy ecosystem in Indonesia that...
Kopi Kenangan, an Indonesia-based coffee chain, has obtained USD 96 million Series C funding from Tybourne Capital Management, followed by Horizon Ventures, Kunlun, B Capital Group, and the latest new investor Falcon Edge Capital. The funding made the company achieve...
During the Consumer Electronics Show (CES) 2022, Hyundai Motor announced its partnership with San Francisco’s Unity Technologies, where both companies agreed to develop a metaverse platform for Hyundai Motors’ factories. The first meta-factory to be created will...
Home improvement brand MR D.I.Y. has announced its goal of opening at least 100 new stores a year, spurred by strong revenue over the past two years despite the Covid-19 pandemic. In a recent interview, the chief executive of the company announced that MR D.I.Y. wants...
Good Doctor Technology Thailand (GDTT), the subsidiary company of regional digital healthcare service provider Good Doctor Technology has recently announced its intention to strengthen its partnerships across the country’s healthcare ecosystem. By further...
The Department of Health (DOH) is establishing seven subnational laboratories (SNLs) for the detection of vaccine-preventable diseases (VPDs) in the Philippines. The laboratories will serve as confirmatory testing hubs for common vaccine-preventable diseases such as...
In January 2022, Thai company CK Power, one of the region’s largest producers of renewables-based electricity, announced that it plans to more than double in size in the next three years by adding around 2,800 MW of electricity-generating capacity. CK Power’s...
