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,...
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...
Hundreds of hospitals in the Philippines could face partial or total shutdown from extreme weather events caused by climate change by the end of the century if fossil fuels are not phased out, a report by climate risk analysis organization XDI suggested. The...
The Philippines, considered one of the largest franchise markets in Southeast Asia, expects more international franchise brands to enter the market. This is according to the Philippine Franchise Association (PFA), which recently held its annual franchise expo, where...
The Iloilo City government has entered into an agreement with a supplier of construction materials to turn waste materials into fuel. City Environment and Natural Resources Office (CENRO) head Engr. Neil Ravena said in an interview that under the agreed waste...
Singapore-based TotalEnergies ENEOS has signed a 10-year agreement with Real Steel Corporation (RSC), a leading steel manufacturer, to provide a 16.8 megawatt-peak (MWp) solar rooftop photovoltaic (PV) system at its manufacturing facility in San Simon, Pampanga. This...
The European Union (EU) Commission stated that the EUR 60 million (USD 65 million) Financing Agreement aims to assist the Philippines in renewing its economy. This includes embracing the circular economy, reducing waste and use of plastics, ensuring water supply and...
The National Economic and Development Authority (NEDA) approved to strengthening the dialysis center in the biggest state-run tertiary hospital in the Cordillera Administrative Region (CAR), the Baguio General Hospital and Medical Center (BGHMC). NEDA Secretary, Mr....
The US government, through the US Commercial Service, sent its first Agricultural Technology Trade Mission to Davao City and Manila to explore trade and investment opportunities that will help support the resiliency of the Philippine agricultural supply chain. Nine...
Unilever Philippines has opened a production powerhouse in Cavite for its Beauty & Wellbeing and Personal Care businesses. The EUR 80 million (USD 86.8 million) investment will see the factory’s production ramped up by 15%, increasing local jobs and accelerating...
