The Board of Investments (BOI) has approved incentives for a PHP 603 million (USD 12 million) hospital project that will cater to COVID-19 patients in the Cagayan Valley region. Aiming to augment the high-demand hospital capacity and cater to COVID-19 patients with...
Decathlon, the world’s largest sports retailer, and SM Supermalls, the Philippines’ largest mall developer, consolidated their partnership with further Decathlon store openings at key SM shopping malls – SM City North Edsa in Quezon City and SM Mall of...
Household consumption in the Philippines could see sustained improvement in the near term amid slowing daily COVID-19 infection rates, analysts said. A more sustained improvement in household consumption is projected as daily infection rates have continued to slow. In...
International Container Terminal Services Inc. (ICTSI) has partnered with PLDT Inc. and Smart Communications Inc. to build and operate the first 5G enabled intelligent port in the country. The 5G technology project will be implemented on ICTSI’s flagship port, the...
The Philippine Economic Zone Authority (PEZA) has signed a Memorandum of Understanding (MoU) with South Korean company, EnPlus Co Ltd. to help set up joint ventures to provide and manufacture fuel-saving electric vehicles (EV) in economic zones. According to PEZA,...
The Armed Forces of the Philippines (AFP), particularly the Philippine Navy (PN), has received a huge boost to defend against aerial threats, with the delivery of the Mistral 3 surface-to-air missiles (SAMs) of its two new frigates. The Mistral 3 was delivered at the...
Thanks to more facilities being built, the volume of treated wastewater in Metro Manila has increased between 2010 and 2019. The percentage of wastewater collected and treated has also increased compared to the volume of wastewater generated. According to a report...
Alfamart Philippines, the SM Group’s minimart chain, announced that the company is on track to expand its retail footprint to over 1,200 stores this year with the opening of at least 200 stores across Luzon in 2021. In 2020, Alfamart opened 267 stores within Metro...
The Department of Agriculture (DA) led the inauguration of the Philippines’ first Department of Agriculture-Bureau of Fisheries and Aquatic Resources (DA-BFAR) Shrimp Hatchery and Broodstock Development Center in Barangay Labasan, Bongabong, Oriental Mindoro. The PHP...
The Philippine government inaugurated the new PHP 63.1 million (USD 1.25 million) hangar facility at the Philippine Army’s Aviation Regiment in Fort Ramon Magsaysay in September 2021. Fort Ramon Magsaysay is about a 3-hour drive north of the country’s...
In mid-September 2021, the Philippine Senate unanimously approved Senate Bill 1156, a new bill that will amend the country’s foreign investment law, the Foreign Investments Act (FIA) of 1991. It is one of the key economic measures that President Rodrigo Duterte...
Following the suspension of granting new contracts for greenfield coal power projects in the country, the Department of Energy (DoE) has recently okayed 928 more renewable energy contracts with a combined capacity of 30GW as of May 2021. The DoE has been aggressively...
