Local insurance firm EastWest Ageas Insurance President and Chief Executive Officer (CEO) Sjoerd Smeets said that with the lower level of financial literacy in the country compared to advanced economies, Filipinos are not keen on getting insurance coverage. However,...
The Philippines is projected to increase chicken and beef production and imports in 2023 due to rising demand. However, pork output and shipments are expected to decline due to African swine fever (ASF) and increased prices. According to the United States Department...
The Department of Energy (DOE) welcomed Executive Order (EO) No. 21 issued by President Ferdinand R. Marcos Jr. as this will hasten the rollout of offshore wind (OSW) projects in the country by mandating policy and administrative framework for the optimal development...
The Presidential Communications Office (PCO) announced that there is an ongoing negotiation for US-based ENDEC Development Corp. and Diode Ventures, LLC to build hyperscale data centers in Tarlac province and New Clark City. Hyperscale data centers are massive...
The National Economic and Development Authority (NEDA) announced that President Ferdinand R. Marcos Jr. has approved 194 high-impact infrastructure flagship projects (IFPs) worth PHP 9 trillion (USD 161.9 billion). Of the 194 projects, 123 projects were initiated...
US-based revenue cycle management solutions company AGS Health announced the launch of its operations in Manila, Philippines which will serve as a strategic growth partner to more than 100 major healthcare providers across the US. Identified as one of the most popular...
Philippine-based universal bank Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort is optimistic about the rebound of foreign direct investments (FDIs) to the Philippines given the continued recovery of the domestic economy. The chief...
Maynilad Water Services, Inc. (MWSI), one of the two utility concessionaires in Metro Manila serving the West Zone, has committed PHP 178 billion (USD 3.18 billion) over the next two decades to improve its wastewater management projects. The funds will be used to...
President Bongbong Marcos announced that the government plans to build cold storage facilities in several fish ports to lower post-harvest losses, increase the nation’s fish supply, and minimize reliance on imports. The announcement was made during the meeting...
Showcasing its dedication to creating a food-secure Philippines, the company Mega Prime Foods Inc. (MPFI) formally opened its newest manufacturing plant in the Philippines, located in Batangas City. This world-class facility is envisioned to play a vital role in...
Lazada, the Southeast Asian e-commerce giant, plans to build “hundreds” of delivery hubs throughout the Philippines in an effort to enhance delivery times and customer experience. The CEO of Lazada Philippines, Carlos Barrera, said the company is investing in building...
According to a report by the Philippine News Agency, the Philippines and Sweden are set to finalize a framework for defense material acquisition. In a meeting between the Department of National Defense (DND) chief Carlito Galvez Jr. and Swedish Ambassador to the...
