AC Energy has invested PHP 4.5 billion (USD 93.7 million) in its subsidiary Santa Cruz Solar Energy, Inc, according to the filing at the Philippines Stock Exchange (PSE). The Santa Cruz Solar Energy operates a 60-megawatt (MW) solar farm in Zambales. The investment is...
D.M. Consunji Inc., the engineering and construction arm of DMCI Holdings, announced the commencement of construction of the Philippines’ largest water reclamation facility (WRF). The WRF is a project of Maynilad Water Services Inc. (Maynilad) known as...
Japan-based global digital business and IT services provider NTT DATA and the local government of Baguio City announced the pilot implementation of NTT DATA Telemedicine App, an artificial intelligence (AI)-trained platform that aids mobilization of verified COVID-19...
Local fiber broadband provider Converge ICT Solutions Inc. is investing USD 100 million (around PHP 5 billion) in the joint development of a cable landing system in the southern Philippines with Singapore’s Keppel Midgard Holdings Pte. Ltd. (KMH). KMH is a part...
The Department of Public Works and Highways in Central Visayas (DPWH-7) has begun the Detailed Engineering Design (DED) process for three major infrastructure projects in Cebu City with allotted funding of PHP 105 million (USD 2.2 million). The DED will cover the...
A number of companies are planning to establish vaccine manufacturing facilities in the Philippines in the next few years as the country continues its push to become “vaccine self-reliant,” a government official announced. Dr. Zen Biotech Inc., which has...
The Philippines office market registered positive growth as demand rose by 22.5% in the first quarter of 2021 on account of optimism on post-pandemic economic recovery, according to Leechiu Property Consultants (LPC). The office demand reached 109,000 square meters...
Fiber internet provider Converge ICT Solutions Inc. allocated PHP 20 billion (USD 413 million) in capital expenditures this year for its nationwide expansion, up from PHP 16 billion (USD 330 million) in 2020. 30% of the capex would fund Converge ICT’s backbone...
In a virtual conference, the Department of Transportation has revealed that it will be spending USD 5.8 million for railway projects in 2022. The government awarded 32 railway contacts by the end of 2020 and is expected to award a total of 65 contracts by with some...
Yamaha Motor Philippines, Inc. has launched a PHP 2.7 billion (USD 75 million) expansion of its motorcycle factory in Lima Technology Center in Batangas, and has plans to hire an additional 1,300 workers for the plant. The move is in response to an increase in demand...
Healthcare Tech Outlook, an international healthcare technology print and digital magazine, has named Medgate Philippines as one of the top ten companies at the forefront of telehealth solutions in the Asia Pacific. Healthcare Tech Outlook underscored Medgate...
The Philippines’ largest sardines brand, Mega Global Corporation, continues on its biggest expansion in the company’s history, a response to the double-digit growth in domestic demand for its products even before the pandemic. Moreover, the lockdowns that...
