An entire chapter on climate change was recently added to the Philippine Development Plan (PDP) 2023-2028, entitled “Chapter 15: Accelerate Climate Action and Strengthen Disaster Resilience.” The chapter identified the goal for communities, institutions and the...
In 2023, the Philippine government allocated a total of PHP 45 billion (USD 814.5 million) for the Armed Forces of the Philippines Modernization Program (AFPMP), which is PHP 6 billion (USD 108.6 million) more than the amount allocated in 2022. This includes PHP 27.5...
The Bistro Group, a company that manages different international dining concepts, announced expansion plans for the first quarter of the year. In a statement, Bistro Group revealed its plan to open more branches of its existing dining concepts and introduce new...
Newly launched Filipino bank GoTyme Bank has partnered with global cloud banking platform Mambu to deliver an innovative digital banking solution that is aiming to improve access to high-quality financial services for Filipinos. Singapore-based Tyme Group, which has...
Demand for pet food in the Philippines is on the rise, according to the US Department of Agriculture (USDA). The FAS in Manila projected that the pet food industry in the Philippines will reach USD 434 million in 2023. The report also indicates that the dry dog food...
The Philippine Department of Energy (DOE) has unveiled its key priorities for 2023, top of which is pursuing contingency measures and activities to ensure energy supply during critical periods, and pushing for the continued development of alternative fuel and...
The Davao City government in partnership with University of the Philippines (UP) is building the Davao City Public Hospital (DCPH) which is targeted to operate in three years and will have around 100 beds. The hospital, which has secured a total budget of PHP 1.75...
The Philippines is seen emerging as the fastest growing economy among member countries of the Association of Southeast Asian Nations (ASEAN) over the next two years according to a report by Singapore-based DBS Bank. DBS Bank reported that the Philippines would record...
Unilever, one of the largest retails/FMCG companies in the world, recently announced that it will expand its personal care factory in the Philippines. The project will cost PHP 4.8 billion (USD 88 million), making the plant Unilever´s largest factory globally. Back in...
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...
