Metro Pacific Agri Ventures (MPAV), a subsidiary of conglomerate Metro Pacific Investments Corporation with investments in infrastructure, tolls, power, and water, was awarded a green lane certificate of endorsement from the Philippine Board of Investments (BOI)....
During the 11th meeting convened by President Ferdinand R. Marcos Jr. at the Malacañang Palace in Manila, the National Economic and Development Authority (NEDA) Board approved 3 high-impact infrastructure projects. Arsenio Balisacan, the Socioeconomic Planning...
The Philippine Economic Zone Authority (PEZA) aims to achieve a minimum of 15% growth in approved investments for the year 2024. PEZA Director General Tereso Panga stated that the target for 2024 is PHP 202 billion (USD 3.6 billion), representing a 15% increase from...
The UK’s Department for Business and Trade (DBT) and the British Embassy in Manila hosted a Trade Mission last 29 November – 1 December composed of National Health Service (NHS) Organisations who met with healthcare leaders in the Philippines to explore collaborations...
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...
