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...
The Philippine Navy’s Aerial Unit disclosed modernization plans on its anniversary, including a move towards the procurement of new assets, in view of the growing security issues in the West Philippine Sea. These new assets will include maritime patrol aircraft,...
Physical connectivity has always been a big problem in the cities of Metro Manila. Being a car-centric society, Metro Manila has one of the busiest streets in the world. According to Statista, the average daily traffic volume in the metro in 2022 was around 3.5...
The government is pushing for USD 1.7 billion worth of projects to boost digital connectivity in the country in a bid to fuel economic growth. Finance Secretary Benjamin Diokno said the administration is building a policy environment that is conducive to sustainable...
