USD 272 Million Investments Approved by PEZA Board in March 2021

USD 272 Million Investments Approved by PEZA Board in March 2021

The Philippine Economic Zone Authority (PEZA) Board has approved a total of 33 new projects in March 2021 – these are expected to bring about PHP 13.19 billion (USD 272 million) investments and generate 2,447 employment opportunities in host areas of the...
Increased Pork Imports at Lower Tariff May be Approved by Duterte

Increased Pork Imports at Lower Tariff May be Approved by Duterte

The Philippine government is fast-tracking policies to stabilize food supply and ensure that households affected by COVID-19 will not be doubly affected by the increase in food prices. One of the policies is the Philippine Department of Agriculture’s...
Duterte Approves Acquisition of 15 Black Hawk Helicopters

Duterte Approves Acquisition of 15 Black Hawk Helicopters

President Rodrigo Duterte has approved the acquisition of 15 Black Hawk helicopters to slowly address the growing heavy-lift deficiency of the Armed Forces of the Philippines and decommissioning of its Huey helicopters. The decision comes on the heels of a recent...
PHL Regulation Favorable for Digital Payments Growth

PHL Regulation Favorable for Digital Payments Growth

According to a report by JP Morgan, the regulatory environment in the Philippines will help increase the country’s growth in digital banking and payments. JP Morgan projects that the potential market value for digital payments in the ASEAN-6  markets (Philippines,...
EDC Appoints Mitsubishi for Geothermal Power Equipment

EDC Appoints Mitsubishi for Geothermal Power Equipment

Philippine-based geothermal company Energy Development Corp. (EDC) announced that it has tapped two companies of Japanese firm Mitsubishi Heavy Industries Group to provide equipment and local support for the expansion projects of its Bacon-Manito (BacMan) geothermal...
Maynilad Opens New Water Lab

Maynilad Opens New Water Lab

Maynilad, the largest private water concessionaire in the Philippines in terms of customer base, announced that it has opened its new and expanded Water Laboratory, which monitors and tests the quality of water supply and wastewater effluents within its concession...