Japanese footwear retailer ABC-MART will open its first flagship stores in Manila in 2025 through a joint venture with SONAK Retail Group. The collaboration will introduce two concepts: ABC-MART Grand Stage and ABC-MART Standard, both located in Bonifacio Global City....
South Korean conglomerate HD Hyundai plans to begin shipbuilding operations in the Philippines early in 2026. The development follows the signing of a 10-year lease agreement between HD Hyundai Heavy Industries and private equity firm Cerberus Capital Management...
India-based iSON Group plans to invest up to USD 300 million over the next decade to strengthen digital infrastructure in the Philippines. The company intends to develop 3,000 to 4,000 new telecommunication towers, focusing on underserved rural areas. Through its...
Broadband and technology provider Converge ICT Solutions Inc. announced that an Asia-Pacific subsea cable system has reached Philippine shores, supporting the country’s digital transformation and regional trade integration. The Philippine branch is now linked to the...
The Philippines is emerging as a key player in the growing global health-care outsourcing market, a trend that has increased the need for efficient cross-border payments. New York-based fintech Payoneer reported that over 200,000 remote professionals in the...
The Manila Electric Company (Meralco) will begin sending scholars to South Korea in March 2026 as part of its Nuclear Energy Strategic Transition program. The initiative is led by the Meralco Power Academy (MPA), which recently signed a memorandum of understanding...
Indian engineering firm Uttamenergy Limited will develop a USD 70 million waste-to-energy facility in New Clark City under an agreement with the Bases Conversion and Development Authority (BCDA). The project, described as the most advanced of its kind in the...
The Philippines is emerging as a potential pharmaceutical hub in Southeast Asia as new investments flow into the country’s economic zones. BMI Country Risk & Industry Research cited recent initiatives by AstraZeneca, Merck Business Solutions, and Royale Life...
The Philippines and Australia recently signed a statement of intent to pursue a Defense Cooperation Agreement aimed at strengthening security relations. Australian Deputy Prime Minister and Defense Minister Richard Marles said the agreement is expected to be finalized...
Canada views growing opportunities to expand trade with the Philippines as global markets adjust to the uncertainty created by United States tariff policies. Canadian Minister of Agriculture and Agri-Food Heath MacDonald said the shifting tariff measures by Washington...
UK-based fintech firm Revolut has opened a new Global Tech Hub in Manila to strengthen its global operations and accelerate innovation. The facility, launched on July 9, 2025, is expected to create hundreds of jobs in customer service and support functions, with teams...
Philippine Seven Corp. (PSC), the exclusive licensor of 7-Eleven in the Philippines, expects to surpass 5,000 stores by 2026, driven by aggressive expansion in the Visayas and Mindanao. PSC will invest PHP 5.5 billion (USD 94 million) this year to open 500 new stores,...
