A partnership between Philippine firm Glovax Biotech Corporation and Korean pharmaceutical company, Eubiologics, will involve the building the Philippines’ first vaccine manufacturing facility. The investment is reportedly worth PHP 7.5 billion (USD 132 million)...
The United States government launched its first agricultural e-commerce platform in the Philippines through the U.S Agency for International Development (USAID) in partnership with the Philippine’s Department of Trade and Industry (DTI) and the Nueva Ecija...
The Armed Forces of the Philippines (AFP) is refocusing its procurement priorities under Horizon 3 of the AFP modernization program, a 15-year plan to modernize the country’s military system through the acquisition of new equipment. The AFP modernization program...
Maynilad Water Services, Inc., the largest private water concessionaire in the Philippines in terms of customer base, has committed over PHP 3 Billion (USD 52.8 million) to upgrade 17 of its 22 existing Sewage Treatment Plants (STPs) within the next five years. This...
PetroSolar Corporation (PSC), a subsidiary of Philippine renewable energy producer PetroGreen Energy Corporation (PGEC), has sealed a power supply agreement with Shell Energy Philippines Inc. Under this agreement, PSC will supply a portion of Shell Energy’s...
A 2023 study conducted by The Economist Impact reveals that possessing proficiency in Artificial Intelligence (AI) has become an essential digital competency for Filipino workers. However, the major obstacle for those aspiring to self-educate in this field is the...
The Asian Development Bank (ADB) has approved a USD 303 million loan to reduce flood and climate risks and protect people and livelihoods in three major river basins in the Philippines, one of the most vulnerable countries impacted by climate change and natural...
According to a recent study published by the Philippine Institute for Development Studies (PIDS), the Philippines is losing over PHP 110 billion (USD 1.9 billion) annually due to cancer. Out of this cost, around PHP 40 billion (USD 704 million) are medical costs such...
The Development Bank of the Philippines (DBP), the Philippines’ eighth-largest bank in terms of assets, is ready to extend its support to the government’s food logistics action plan. The food logistics action plan is a 3-year program that sets strategies to modernize...
Flying Tiger Copenhagen, a Denmark-based retailer, is expanding its Southeast Asian development by launching its first physical stores in Indonesia and the Philippines. The company has recently inked a franchise deal with SSI Group to open its first shop in the...
Singapore-based renewable energy and carbon developer Alcom has launched the first biochar production facility in the Philippines and registered the associated carbon credits for sale, according to their announcement on Tuesday. The Nueva Ecija rice husk biochar...
Japanese company JGC Holdings Corporation has been awarded the Engineering, Procurement and Construction (EPC) contract from the Philippines’ Energy Development Corporation (EDC) for a geothermal power generation project planned in Mahanagdong District, Ormoc...
