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,...
Chioson Group, a Cebu-based steel manufacturer and property developer is set to be a carbon-neutral firm by 2025 as it completely shifted to renewal energy by tapping First Gen Corporation as its power supplier. First Gen will now be supplying Chioson’s total...
The data from the Q1 2022 Consumer Pulse Study by TransUnion revealed a shift in spending priorities as the Philippine economy reopened early this year. Eager to move on from the pandemic, Pinoy consumers were raring to spend more on retail shopping and items such as...
The Philippines expects more investments to come in soon after the government has enacted several important laws that will amend restrictions and free up more investment incentives for foreign investors. The laws that were enacted at the beginning of 2022 include...
The Embassy of Israel in the Philippines and the Israel Economic Commercial Mission to the Philippines commenced a partnership with the Philippines’ Department of Agriculture (DA) and the National Dairy Authority (NDA) in order to develop the dairy sector of the...
France has once again reiterated its keen interest to work with the Philippine government in strengthening the country’s maritime capabilities. The two governments have recently wrapped up discussions on possible joint patrols in the Philippines’ EEZ or West...
