The Department of Trade and Industry’s Board of Investment (BOI) has accredited a Philippine company called Iba Botanicals, Inc., a new essential oil producing company. The company will put up a manufacturing plant in Zambales province with an investment of PHP...
The Department of Health (DOH) is establishing seven subnational laboratories (SNLs) for the detection of vaccine-preventable diseases (VPDs) in the Philippines. The laboratories will serve as confirmatory testing hubs for common vaccine-preventable diseases such as...
As the biggest property management company in the Philippines, Ayala Property Management Corporation (APMC) needed to transform its operations to digital to provide an overall better experience for staff and customers. The company is known for its service quality, and...
The Philippines’ manufacturing industry expanded in December 2021 and recorded its highest growth rate in 9 months, according to a monthly survey conducted by IHS Markit. The Purchasing Managers’ Index (PMI) grew to 51.8 in December 2021 and was the...
The Department of Public Works and Highways (DPWH) of the Philippines announced that construction of three new bridges crossing Marikina River will commence by the second semester of 2022. The Unified Project Management Office (UPMO) Bridges Management Cluster under...
The National Economic and Development Authority (NEDA) is preparing 13 sector-wide master plans in identified urban areas nationwide to help these urban corridors adopt smart city solutions. According to NEDA, the plans are being created for the emerging megacities of...
The Asian Development Bank (ADB) has approved a USD 600 million policy-based loan to help the Philippines provide quality and equitable health services for all Filipinos as part of its Universal Health Care (UHC) reform program. The Build Universal Health Care Program...
President Rodrigo R. Duterte has signed into law the PHP 5.024 trillion (USD 97.9 billion) national budget for 2022, which will be used for the country’s COVID-19 pandemic response and recovery efforts in the aftermath of Typhoon Odette. The budget is significantly...
The Department of National Defense (DND) has signed a PHP 28 billion (USD 545.7 million) contract with South Korean shipbuilder Hyundai Heavy Industries (HHI) for the acquisition of two brand-new corvettes for the Philippine Navy (PN), which are capable of conducting...
The Philippines frozen pork inventory in accredited cold storages declined from 75,024.9 MT recorded on November 29, 2021 to 62,695.25 MT as of January 10, 2022. Frozen pork inventory takes into account the in-house cold storage, which also includes meat processing...
American footwear and apparel brand, Skechers, ended its distributorship agreement with its local partner in a bid to establish its own presence and directly operate its business in the Philippines under a new entity called Skechers USA Philippines, Inc. The...
AC Energy Corporation, the energy firm of the Ayala Group, inked subscription agreements totaling PHP 14 billion (USD 274 million) in late December 2021 for its two subsidiaries to support the development of the latter’s renewable energy projects in Luzon. In...
