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...
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...
