Madrid-based offshore wind developer BlueFloat Energy announced that its largest planned offshore wind energy project will be located in the Philippines, with a capacity of 7.6 gigawatts (GW) which will be divided into four sites with capacities between 1.5 and 3.5...
The Asian Development Bank (ADB) has greenlit a momentous USD 1 billion loan to support the implementation of a city-wide public transport initiative in Davao City. As the first project of its kind in the Philippines to deploy electric bus fleets on a large scale, the...
State health insurer the Philippine Health Insurance Corporation (PhilHealth) plans to extend coverage for cervical cancer screening through the Konsultasyong Sulit at Tama (Konsulta) primary care package that covers preventive care including consultations, health...
Research by Procore Technologies Inc., a leading global provider of construction management software, shows that the Philippines is leading among surveyed Southeast Asian countries in plans to adopt data strategy in the construction industry. Propcore Technologies...
A study conducted by BMI, a Fitch Solutions Company, identified the Philippines as an emerging manufacturing hub in 2023. According to BMI, the Philippines’ exports are expected to increase by nearly 120% in 2023 compared to 2015. This estimate considers the...
According to a market research study organized by logistics solutions provider Locad Philippines with Cube Asia, e-commerce in the Philippines is anticipated to achieve a 15% growth, reaching USD 16 billion in 2023, from USD 14 billion in 2022, across all major...
Global blockchain company nChain has signed a Memorandum of Understanding (MOU) with the Provincial Government of Bataan to digitize their local government processes and become a blockchain hub in Asia. Under the MOU, nChain will facilitate workshops and training for...
Sercomm Philippines, a manufacturer of networking equipment, has recently increased its production capacity by opening a PHP 2.5 billion (USD 45 million) factory Laguna, Philippines. The CEO of Sercomm Philippines also announced that the new facility, situated in...
The Senior Undersecretary of the Philippines Department of Agriculture recently highlighted how the Marcos Administration is determined to provide more assistance to the agricultural sector. The government believes that by increasing investments in food production,...
The Philippines’ largest conglomerate, Ayala Group and Singaporean data center service provider ST Telemedia Global Data Centers (STT GDC) have announced their plan to invest at least USD 1 billion to construct the largest data center in the Philippines. This...
The United States has pledged to bolster its infrastructure development aid to the Philippines by providing over USD 3 billion (PHP 166.8 billion) in public and private financing. This substantial funding will be dedicated to supporting the construction of...
Moderna, a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, today announced plans to establish an Enterprise Solutions Hub in the Philippines. The Moderna Enterprise Solutions Hub will provide business services across the Asia Pacific...
