AboitizLand, the property development arm of Philippine conglomerate, Aboitiz Group, will be investing heavily in technology, sustainability, and innovation for the rest of 2022 and beyond. For production, it was shown through its recent strategic partnership with...
LB TekSystems, an all-Filipino IT company, which provides digital consulting, solutions, and systems implementation, is set to develop the country’s first transport booking and routing system, after having been awarded an exclusive contract from a leading oil...
DART, a Manila-based quick-commerce provider, plans to tap the underserved online grocery market to grow its presence in the country as it banks on its 15-minute guarantee of instant grocery delivery service. DART is teaming up with Robinsons Supermarket to leverage...
DFNN, Inc. signed an MOU with Nautilus Data Technologies (Nautilus) to collaborate and jointly assist each other in projects involving the development of a data center in the Freeport Area of Bataan. The MOU intends to focus on the use, supply, implementation, and...
Filipino conglomerates have expressed interest in funding and building the Philippines’ first National Center for AI Research (N-CAIR) which was one of the components of the National AI Roadmap unveiled by the Department of Trade and Industry (DTI) in May 2022....
The Asian Development Bank (ADB) has just become a major proponent of one of the Philippines’ most extensive infrastructure projects, the North-South Commuter Railway Network. The North-South Commuter Railway Network (NSCR) is a 163km urban rail transit system that...
The Philippines and Israel have vowed to strengthen bilateral economic relations by signing the Investment Promotion and Protection Agreement (IPPA), which could potentially bring the Philippines USD 150 million worth of investments from Israeli investors in 2022. The...
The City Government of Manila formally inaugurated the new PHP 2.3 Billion (USD 41 million) Bagong Ospital ng Maynila on June 24, 2022, after it broke ground on June 2020. The Bagong Ospital ng Maynila is a 10-storey, modern, tertiary hospital. It has a 384-bed...
Cosco Capital, Inc. has approved and signed a joint venture agreement with Siam Global House Public Company Limited to operate a one-stop warehouse for building and construction-related materials, home and garden decorative goods, home improvement goods, construction...
On the last week of June 2022, the Philippine Department of National Defense (DND) and South Korean shipbuilder Hyundai Heavy Industries (HHI) signed the PHP 30 billion (USD 533 million) offshore patrol vessel (OPV) contract, which seeks to provide six OPVs to the...
The Department of Trade and Industry (DTI) said Japan’s Nidec Corp., a maker of electric motors, is planning a PHP 40 billion (USD 710.8 million) expansion of its manufacturing site in Subic in the next three years. The expansion targets a 50,000-unit augmentation to...
Daesang Philippines Corp., the local unit of South Korea’s Daesang Corp., has received approval from the Board of Investments (BOI) to produce tapioca starch in the country via a PHP 750-million (USD 13.3 million) project that is also expected to hire nearly 500...
