Nidec, a leading producer of motors found in hard disk drives, automobiles, and consumer and industrial equipment, would break ground for a new facility sometime in the third quarter of this year, according to the Department of Trade and Industry. The manufacturer...
First Philippine Holdings Corp. earmarked PHP 51 billion (USD 953.2 million) of its capital expenditures mainly to fund the expansion of its power generation and property businesses. According to a source, about 56% of its capex budget, or PHP 29 billion (USD 542...
SM Prime Holding Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, announced that it will develop greener buildings that provide holistic solutions, which not only reduce emissions but also promote social well-being. Today, real...
Pilmico’s retail brand, The Good Meat, targets to reach over 300 supermarket concessionaires and open more brick-and-mortar stores in 2022. This is in line with the goal of Pilmico Food Corporation (Pilmico), the Aboitiz Group’s food and agribusiness unit, to...
The Philippines’ Clark Development Corporation (CDC) and the Republic of Korea’s Land and Housing Corporation (LH) have recently signed an agreement looking to create a smart city infrastructure in the Philippines. The smart city will be built in the Clark Freeport...
BSP, the central bank of the Philippines, has recently announced that it will launch a pilot initiative for a Central Bank Digital Currency (CBDC), called project CBDCPh. It is estimated that around 40 countries are currently undertaking research on CBDCs, including...
SN Aboitiz Power Group (SNAP), a joint venture between Norwegian renewable power producer Scatec and Philippine peer AboitizPower, has signed construction and financing agreements for the development of its 20-megawatt battery energy storage system (BESS) project at...
Cleene Ethyl Alcohol, a trusted Filipino brand that provides high-quality and affordable alcohol products from Philusa Corporation, extends its effort in reducing ocean-bound plastic waste as it partners with the social enterprise, Plastic Bank Corporation. Cleene...
Several US companies have expressed interest to invest further in the Philippines, taking advantage of the incentives brought forth by recently enacted laws that liberalized foreign investments. Philippines’ economic, trade and industry officials held talks with...
A multinational aerospace company, Airbus, sees the Philippines as an important market for the company. The country’s defense market is poised to grow since the country is undergoing fleet modernization and renewing its legacy assets. Airbus is set to deliver...
The Philippines’ digital healthcare system gets a boost from Australia after the Philippines’ Department of Science and Technology (DOST) and Australia’s Royal Melbourne Institute of Technology (RMIT) forged a partnership towards conducting joint...
The Japan International Cooperation Agency (JICA) extended its continued support to the endeavors of the Philippine Department of Agriculture (DA) during a courtesy call on April 6, 2022. JICA’s newly-appointed Chief Representative to the Philippines, Sakamoto Takema,...
