In a landmark move to increase the power generation capacity and make the Philippines less reliant on imported fuels, the country’s Department of Energy (DOE) has recently approved 100% foreign ownership of renewable energy projects. Before 2022 ended, the DOE...
Coca-Cola Philippines recently announced that it will transition its key brands Coca-Cola Original Taste and Wilkins Pure to 100% recycled PET plastic packaging (excluding caps and labels) by 2023. The new formats will contribute expand the company’s array of products...
The Philippine Air Force (PAF) has inducted its first SPYDER-MR (Surface-to-air PYthon and DERby Medium Range ) ground-based air defense systems (GBADS) along with a C295W tactical transport aircraft. In Philippine service, it is called the SPYDER Philippine Air...
Metro Pacific Investments Corporation (MPIC), a Philippine conglomerate that recently entered the dairy industry in early 2022, has announced its further expansion by partnering with the LR Group of Israel. The LR Group and MPIC’s Metro Pacific Agro-Ventures...
The Department of Information and Communications Technology (DICT) of the Philippines is targeting to install over 9,000 free Wi-Fi sites nationwide in 2023, under its “Broadband ng Masa” Program (BBMP). This is in addition to the current 4,757 live sites in the...
The Philippine Economic Zone Authority (PEZA) has approved a total of 29 ecozone projects in 2022 amounting to USD 1.76 million, 11 of which were registered during the first six months of the Marcos administration. PEZA is optimistic about securing more such...
Japanese company, Kurabe Industrial, will be investing PHP 2 billion (USD 36.5 million) to expand its manufacturing facility in Lima Estate, Batangas province which is operated by Aboitiz InfraCapital (AIC). The investment will be to purchase a 5.9-hectare plot of...
Manila Water, one of the two major water concessionaires that provide water supply, wastewater, and sanitation services and is covering the East Zone of Metro Manila, will be growing its sewage treatment facilities. Generally, Manila Water is setting aside USD 3.15...
Scatec ASA, a leading renewable energy producer based in Norway, recently announced that it will be injecting billions of dollars of investments with a plan to build five wind energy projects in the Philippines. Furthermore, Scatec plans to invest a total of USD 946...
As the Philippine economy continues to recover from the COVID-19 pandemic, Filipino integrated property developer SM Prime Holdings is expanding its mall footprint, with the opening of SM City Tanza, its eight SM Supermall in Cavite on October 14, 2022. SM City Tanza...
The Department of Transportation (DOTr) is targeting to complete PHP trillion (USD 17.4 billion) worth of construction and rehabilitation projects involving regional airports across the country by 2023 as the department looks to boost airport terminal building...
Gearing towards the establishment of the Philippine Center for Disease Control and Prevention (CDC), the Department of Health (DOH), the British Embassy Manila, and the United Kingdom’s National Health Service Consortium for Global Health (NHSC) – represented by...
