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...
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...
