Philippine Conglomerate Metro Pacific Agro Ventures (MPAV) recently announced that it is targeting PHP 1 billion (USD 18.2 million) in revenues over the next four years, driven mostly by its dairy business, for which MPAV is committed to double its revenues. In June...
The Department of Trade and Industry (DTI) has renewed its call for the resumption of talks for a free trade agreement (FTA) with the European Union (EU). In a meeting with the members of the European Parliament Sub-Committee on Human Rights, DTI Trade Secretary...
With the opening of its 1,000th store in the Philippines, Watsons has reached a significant milestone and now operates 8,000 locations throughout 15 markets in Asia and Eastern Europe. The new flagship store is situated in The Block, SM City North Edsa Block in...
Philippine Airlines, Inc. (PAL), the country’s flag carrier, has reached an agreement with Ramco Systems, a provider of aviation software, to implement Ramco’s Aviation Suite V5.9. The replacement of standalone outdated systems by the proposed solution...
The Philippine fiber internet provider Converge ICT Solutions Inc. has vowed to provide greater internet speed in the country after the inauguration of the Bifrost Cable System (BCS). It is anticipated that the cable landing station for the Philippine branch of the...
The Department of Public Works and Highways (DPWH) is intensifying infrastructure development in Mindanao. Phase 1 of ‘Improving Growth Corridors in Mindanao Road Sector Project’, a flagship project of the national government in partnership with ADB...
The Philippines and the UK are currently exploring offshore wind collaboration. As part of the collaboration, on February 13-17, 2023, the UK Government’s Department for Business and Trade (DBT), the Foreign, Commonwealth and Development Office (FCDO) of the British...
In February 2023, the Philippine government announced allocating PHP 20 billion (USD 365 million) for the first phase of the Integrated Flood Resilience and Adaptation Project in the three major river basins in the country – Abra, Ranao (Agus), and...
Japanese company Fujifilm announced that it plans to introduce more healthcare solutions to the Philippines in response to rising local demand. The Japanese brand, which has been operating in the Philippines since 2012, is working to increase its presence in the...
Multinational FMCG company, Procter & Gamble (P&G), has established a new facility in the Philippines to produce diapers. The facility is located in Laguna province, with an estimated investment of PHP 864 million (USD 15.74 million). The products to be...
German company Zama Group is continuing to expand its production capacity with the construction of an 11,000-square-meter facility in Batangas, which is expected to be operational by February 2024. According to Zama Philippines president Ronald Wienholts, this new...
The United States government, through the U.S. Agency for International Development (USAID), has launched a five-year, PHP 1 billion (USD 18 million) partnership with the Philippine government to help small and medium enterprises (SMEs) transition to mature e-commerce...
