Maynilad Water Services Inc. (MWSI), one of the two water utility concessionaires which manages the west zone of Metro Manila comprising of 17 cities and municipalities, will be investing PHP 10 billion (USD 178.2 million) in the next 5 years to replace a total of...
First Gen Corporation, a subsidiary of First Philippine Holdings Corporation, which focuses on power generation and distribution, has recently announced plans to join the Department of Energy (DOE)’s 2nd Green Energy Auction (GEA) Program, in a bid to expand its...
The US has agreed to ramp up the Philippines’ military capabilities over the next five to ten years as part of a “security sector assistance roadmap” that will see the Philippines receive equipment from radars, military transport aircraft and drones to coastal- and...
The Philippines’ largest automotive company Toyota Motor Philippines (TMP), and the country’s largest fully integrated telco PLDT recently announced a partnership that will further drive the benefits of smart connected cars and intelligent platforms technology...
California-based Envirotech Vehicles Inc. (EVT) is investing USD 80 million to build a production plant in Clark Freeport Zone as it bets on the EV market’s growth potential in the Philippines. The plant, which will have an area of 15,000 to 20,000 square meters, is...
The Philippine Economic Zone Authority (PEZA) announced that President Ferdinand R. Marcos Jr. has declared two new economic zones located in Batangas province and Bacolod City, which are expected to bring in a total of PHP 1.64 billion (USD 29.3 million) worth of...
The Philippines, through the Department of Environment and Natural Resources (DENR), renewed its partnership with the United Kingdom on climate and environment during the 3rd UK-PH Climate Change and Environment Dialogue. The dialogue culminated in the signing of a...
According to the Philippine Dermatological Society (PDS), more training institutions in dermatology are needed outside the Philippine capital to meet the skin health concerns of Filipinos in the countryside. Currently, only 1,275 board-certified dermatologists are...
A consortium composed of six Filipino conglomerates and Global Infrastructure Partners (GIP), a US-based investment fund manager, has established the Manila International Airport Consortium (MIAC) and submitted a PHP 100 billion (USD 1.7 billion) unsolicited proposal...
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...
