Converge Sets 2021 Capex at PHP 20 billion

Converge Sets 2021 Capex at PHP 20 billion

Fiber internet provider Converge ICT Solutions Inc. allocated PHP 20 billion (USD 413 million) in capital expenditures this year for its nationwide expansion, up from PHP 16 billion (USD 330 million) in 2020. 30% of the capex would fund Converge ICT’s backbone...
Philippines to Spend USD 5.8 Million for Railway Construction in 2022

Philippines to Spend USD 5.8 Million for Railway Construction in 2022

In a virtual conference, the Department of Transportation has revealed that it will be spending USD 5.8 million for railway projects in 2022. The government awarded 32 railway contacts by the end of 2020 and is expected to award a total of 65 contracts by with some...
Medgate Philippines Named Top Telehealth Provider in Asia Pacific

Medgate Philippines Named Top Telehealth Provider in Asia Pacific

Healthcare Tech Outlook, an international healthcare technology print and digital magazine, has named Medgate Philippines as one of the top ten companies at the forefront of telehealth solutions in the Asia Pacific. Healthcare Tech Outlook underscored Medgate...
PH’s Largest Sardines Brand on Expansion Spree

PH’s Largest Sardines Brand on Expansion Spree

The Philippines’ largest sardines brand, Mega Global Corporation, continues on its biggest expansion in the company’s history, a response to the double-digit growth in domestic demand for its products even before the pandemic. Moreover, the lockdowns that...
Increased Pork Imports at Lower Tariff May be Approved by Duterte

Increased Pork Imports at Lower Tariff May be Approved by Duterte

The Philippine government is fast-tracking policies to stabilize food supply and ensure that households affected by COVID-19 will not be doubly affected by the increase in food prices. One of the policies is the Philippine Department of Agriculture’s...
Duterte Approves Acquisition of 15 Black Hawk Helicopters

Duterte Approves Acquisition of 15 Black Hawk Helicopters

President Rodrigo Duterte has approved the acquisition of 15 Black Hawk helicopters to slowly address the growing heavy-lift deficiency of the Armed Forces of the Philippines and decommissioning of its Huey helicopters. The decision comes on the heels of a recent...
PHL Regulation Favorable for Digital Payments Growth

PHL Regulation Favorable for Digital Payments Growth

According to a report by JP Morgan, the regulatory environment in the Philippines will help increase the country’s growth in digital banking and payments. JP Morgan projects that the potential market value for digital payments in the ASEAN-6  markets (Philippines,...
EDC Appoints Mitsubishi for Geothermal Power Equipment

EDC Appoints Mitsubishi for Geothermal Power Equipment

Philippine-based geothermal company Energy Development Corp. (EDC) announced that it has tapped two companies of Japanese firm Mitsubishi Heavy Industries Group to provide equipment and local support for the expansion projects of its Bacon-Manito (BacMan) geothermal...