In February 2023, the Philippine government announced allocating PHP 20 billion (USD 365 million) for the first phase of the Integrated Flood Resilience and Adaptation Project in the three major river basins in the country – Abra, Ranao (Agus), and...
Japanese company Fujifilm announced that it plans to introduce more healthcare solutions to the Philippines in response to rising local demand. The Japanese brand, which has been operating in the Philippines since 2012, is working to increase its presence in the...
Multinational FMCG company, Procter & Gamble (P&G), has established a new facility in the Philippines to produce diapers. The facility is located in Laguna province, with an estimated investment of PHP 864 million (USD 15.74 million). The products to be...
German company Zama Group is continuing to expand its production capacity with the construction of an 11,000-square-meter facility in Batangas, which is expected to be operational by February 2024. According to Zama Philippines president Ronald Wienholts, this new...
The United States government, through the U.S. Agency for International Development (USAID), has launched a five-year, PHP 1 billion (USD 18 million) partnership with the Philippine government to help small and medium enterprises (SMEs) transition to mature e-commerce...
The Department of Health (DOH) plans to establish more than 100 specialty centers this year as part of its efforts to capacitate rural facilities and make medical services accessible outside town centers. The project, which is under the Philippine Health Facility...
Dubai-based logistics firm DP World has expressed interest to establish an industrial park in the Philippines. This development occurred during the meeting between Philippine President Ferdinand Marcos Jr. and DP World group chairman and CEO Sultan Ahmed bin Sulayem...
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...
