Malaysia’s Careplus Group Bhd, a medical device manufacturer, and Go Auto Group Sdn Bhd, a local automotive importer, are collaborating through their joint venture, NexV Manufacturing Sdn Bhd. to construct a MYR 600 million (USD 127 million) green technology...
The Philippine Economic Zone Authority (PEZA) announced that four electric vehicle manufacturers were considering the Philippines as a manufacturing base. These include two Chinese electric vehicle manufacturers, one American maker of e-buses, e-heavy equipment, and...
Metro Pacific Agri Ventures (MPAV), a subsidiary of conglomerate Metro Pacific Investments Corporation with investments in infrastructure, tolls, power, and water, was awarded a green lane certificate of endorsement from the Philippine Board of Investments (BOI)....
During the 11th meeting convened by President Ferdinand R. Marcos Jr. at the Malacañang Palace in Manila, the National Economic and Development Authority (NEDA) Board approved 3 high-impact infrastructure projects. Arsenio Balisacan, the Socioeconomic Planning...
Several international beverage brands are tapping into the Malaysian market, taking advantage of the growing number of upscale urban shopping centers. Notable entrants, including Café Kitsuné, Heytea, Reborn Coffee, and Cotti Coffee, consider Malaysia as a strategic...
The Philippine Economic Zone Authority (PEZA) aims to achieve a minimum of 15% growth in approved investments for the year 2024. PEZA Director General Tereso Panga stated that the target for 2024 is PHP 202 billion (USD 3.6 billion), representing a 15% increase from...
The UK’s Department for Business and Trade (DBT) and the British Embassy in Manila hosted a Trade Mission last 29 November – 1 December composed of National Health Service (NHS) Organisations who met with healthcare leaders in the Philippines to explore collaborations...
The Philippine retail scene, traditionally dominated by giants like SM, Robinsons Retail, and Puregold, faces a potential disruptor in DALI, a Swiss grocer quietly gaining traction with support from the Asian Development Bank (ADB). As a hard discount retailer,...
As the Armed Forces of the Philippines (AFP) gains ground in its anti-insurgency efforts, the focus is shifting towards bolstering external defense capabilities. This involves adapting the AFP Modernization Program (AFPMP) in Horizon 3 to safeguard the country’s...
President Ferdinand R. Marcos Jr. and Department of Trade and Industry (DTI) Secretary Alfredo Pascual have met with Silicon Valley Technology companies and investors for a discussion of possible partnerships in utilizing artificial intelligence (AI) technology,...
Research firms, including CGS-CIMB, MIDF, and Maybank Investment Bank Research, anticipate a positive trajectory for Malaysia’s economy in 2024. Projections range from 4.4% to 4.7% GDP growth, with the optimistic outlook primarily attributed to resilient...
The Asian Development Bank (ADB) and ACEN Corporation have signed a sustainability-linked loan of up to PHP 5.5 billion (USD 100 million) to boost solar energy capacity in the Philippines and support the country’s energy transition goals. The proceeds will fund ACEN’s...
