IKEA, the renowned furniture retailer, is expanding its reach in the Philippines to key cities like Davao, Cagayan de Oro City, and Iloilo City. This expansion signifies IKEA’s commitment to catering to the growing demand for affordable home furnishings in these...
VinGroup, Vietnam’s largest conglomerate with interests spanning technology, industrial sectors, real estate development, retail, healthcare, and hospitality, has shown keen interest in establishing an EV battery manufacturing facility in the Philippines. Its...
The report from the US Department of Agriculture’s Foreign Agricultural Services (FAS) on the Philippines highlights promising growth as a market for US agricultural exports. Projections suggest that US export shipments to the Philippines will surpass the record-high...
The Philippine government has given the green light to a revised military modernization plan, dubbed “Re-Horizon 3,” allocating a staggering two trillion Philippine pesos, approximately USD 35 billion, over the span of a decade. This strategic initiative,...
Swedish home furnishing giant IKEA has announced its expansion into major cities across the Philippines, further solidifying its footprint in the country’s burgeoning market. Following the successful establishment of its “Collection Point” facility...
President Marcos expressed his commitment to strengthen the Philippines’ ties with Brazil in various sectors such as agriculture, trade, defense, and climate change. During the acceptance of credentials for the Brazilian Ambassador-designate, Marcos highlighted...
The Department of Health (DOH) aims to enhance healthcare accessibility for impoverished Filipinos by constructing 28 National Ambulatory and Urgent Care Facilities across strategic locations nationwide by 2028. Health Secretary Teodoro Herbosa highlighted the goal to...
The transformative impact of circular economy in meeting climate targets was highlighted during a forum organized by the Philippine Government and the United Nations Development Programme (UNDP) during the 2023 United Nations Climate Change Conference, or commonly...
The Philippines Department of Energy (DOE) has recognized offshore wind energy as one of its key focus within the nation’s renewable energy (RE) sector. In a statement in January 2024, DOE Undersecretary Rowena Cristina Guevara shared that a World Bank study...
KDDI Philippines, a subsidiary of Japan’s KDDI, confirmed that it will deploy telecoms infrastructure for the country’s first subway transport network. The telco company signed a contract with a French transport systems provider, Thales, to support its...
The Department of Budget and Management (DBM) in the Philippines is prioritizing cybersecurity as part of its digitalization efforts, allocating 20.92% of its PHP 2.5 billion (USD 44.6 million) ICT budget for cybersecurity projects. This commitment, announced by DBM...
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...
