The Philippines Department of Environment and Natural Resources (DENR) has reported significant gains in the water quality of Manila Bay in 2021 as it vows to carry on its rehabilitation work in 2022, in compliance with the continuing mandamus of the Supreme Court....
The Philippines is expected to ramp up its renewable energy sources as Solar Philippines, the nation’s largest solar company, is eyeing 1-GW solar projects to start operations next year. In October 2021, the company announced it is setting up Solar Energy Zones,...
The latest report of the Bangko Sentral ng Pilipinas (BSP) confirmed that the BSP achieved its target of reaching 20% of digital payments volume by 2020. The report reveals that as of the end of 2020, 20.1% of monthly payments volume was conducted digitally. This is a...
The Board of Investment (BOI) approved two agricultural projects amounting to PHP168 million (USD3.3 million) to support and improve the meat processing industry of the Philippines. BOI said in a statement that it gave the nod to Broilers Club Inc. (BCI) and STMP Agri...
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...
