Yokowo Manufacturing of the Philippines, Inc., a unit of Japan’s Yokowo Co. Ltd., recently signed a locator agreement with Science Park of the Philippines, Inc. (SPPI), which is a shareholder and the general manager of the 162-hectare Hermosa Ecozone Industrial...
Philippine President Ferdinand “Bongbong” Marcos Jr. received USD 3.9 billion in investment pledges during his working visit to the United States (US). The visit is part of the President’s trip to the US to address the 77th Session of the United Nations General...
The Armed Forces of the Philippines Modernization Program (AFPMP) is bound to get a PHP 40 billion (USD 670 million) increase in fresh funding for the military’s capability-building procurement projects, as indicated in the National Expenditure Program (NEP) for...
The government of the Philippines has announced that it aims to complete 73 large infrastructure projects for a total cost of over PHP 4 trillion (around USD 17 billion), which could not be completed during the previous administration. In a presentation at the...
The Philippines and Singapore have recently agreed to exchange knowledge, technical expertise, and best practices for digital cooperation. The two countries agreed to collaborate in areas of Digital Connectivity, Scam Calls and Short Message Services (SMS), Personal...
The Cebu City local government and New Sky Energy, Inc. (NSEI), the Philippine affiliate of the Colorado-based clean chemistry company, have formed a joint venture to construct a large waste-to-energy facility. By 2025, it will be constructed in Agsungot, Guba,...
The Philippines is removing another barrier to attracting investments in renewable energy by raising the minimum renewable energy (RE) capacity in the power supply mix to 2.52%. Previously, the sourcing requirement was set at 1% for both investors and end-users. The...
The U.S. Grains Council (USGC) staff and ethanol industry representatives recently explored the thriving market of the Philippines during a USDA agricultural trade mission (ATM). Together with the USDA’s Foreign Agricultural Service and industry experts, the council...
In a joint press conference with US Secretary of State Antony Blinken and Philippines´ Foreign Affairs Secretary Enrique Manalo, the two parties agreed to further enhance opportunities to collaborate on marine resource management and clean energy, particularly...
Seeking to further expand data-related offerings and repay debts, Globe Telecommunications, one of the Philippines’ major telecommunications providers, will be selling 5,709 cellular towers for PhP 71 billion (USD 1.28 billion). Among the buyers reported are Frontier...
The Department of Trade and Industry (DTI), in partnership with the United Nations Industrial Development Organization (UNIDO) recently signed a partnership to deploy electric vehicles in key 5 cities in the Philippines from 2022 to 2027. This is part of the DTI-UNIDO...
The Department of Health (DoH) of the Philippines has kickstarted the implementation of the Philippine Health Facility Development Plan (PHFDP), which foresees the construction of more specialty hospitals and centers in the Southeast Asian country. It is estimated...
