USD 272 Million Investments Approved by PEZA Board in March 2021

USD 272 Million Investments Approved by PEZA Board in March 2021

The Philippine Economic Zone Authority (PEZA) Board has approved a total of 33 new projects in March 2021 – these are expected to bring about PHP 13.19 billion (USD 272 million) investments and generate 2,447 employment opportunities in host areas of the...
Converge Sets 2021 Capex at PHP 20 billion

Converge Sets 2021 Capex at PHP 20 billion

Fiber internet provider Converge ICT Solutions Inc. allocated PHP 20 billion (USD 413 million) in capital expenditures this year for its nationwide expansion, up from PHP 16 billion (USD 330 million) in 2020. 30% of the capex would fund Converge ICT’s backbone...
Philippines to Spend USD 5.8 Million for Railway Construction in 2022

Philippines to Spend USD 5.8 Million for Railway Construction in 2022

In a virtual conference, the Department of Transportation has revealed that it will be spending USD 5.8 million for railway projects in 2022. The government awarded 32 railway contacts by the end of 2020 and is expected to award a total of 65 contracts by with some...
Medgate Philippines Named Top Telehealth Provider in Asia Pacific

Medgate Philippines Named Top Telehealth Provider in Asia Pacific

Healthcare Tech Outlook, an international healthcare technology print and digital magazine, has named Medgate Philippines as one of the top ten companies at the forefront of telehealth solutions in the Asia Pacific. Healthcare Tech Outlook underscored Medgate...
PH’s Largest Sardines Brand on Expansion Spree

PH’s Largest Sardines Brand on Expansion Spree

The Philippines’ largest sardines brand, Mega Global Corporation, continues on its biggest expansion in the company’s history, a response to the double-digit growth in domestic demand for its products even before the pandemic. Moreover, the lockdowns that...
Philippines Aims to Become PPE Manufacturing Hub in Asia

Philippines Aims to Become PPE Manufacturing Hub in Asia

The Philippine government, through its lead investment promotion arm, the Board of Investments (BOI), is wooing Japanese manufacturers to turn the Philippines into their South East Asian hub for personal protective equipment (PPE) production, highlighting the...