The Philippine government, through its lead investment promotion arm, the Board of Investments (BOI), is wooing Japanese manufacturers to turn the Philippines into their South East Asian hub for personal protective equipment (PPE) production, highlighting the...
The Philippine Economic Zone Authority (PEZA) has officially granted Philstar Marketing Development, Inc. registration as a developer and operator of its First Bulacan Business Park (FBBP) in Malolos, Bulacan, the first mixed-use ecozone in the province. FBBP will be...
Swedish furniture giant IKEA is on track to open its largest store in the world in Manila in the 3rd or 4th quarter of 2021. Towards the end of February 2021, it had already put up its iconic logo at the storefront of its Philippine flagship store at the Mall of Asia...
The US government, through the US Agency for International Development (USAID)’s Clean Cities, Blue Ocean (CCBO) program, has awarded grants worth nearly PHP 42 million (USD 890,000) to five organizations in support of local solutions that address marine plastics...
In light of the ongoing African Swine Fever (ASF) outbreak in the Philippines that has dramatically diminished the supply of pork for the domestic market, Philippine President Rodrigo Duterte has allowed additional pork imports to address the supply shortfall and...
Consumer electronics company Acer opened its first-ever flagship store in the Philippines at the SM Megamall Cyberzone in January 15, 2021. As Acer’s largest store in the country to date, it features the best products from Acer and Predator brands, intricately...
The Philippine Department of Transportation (DOTr) has begun inviting potential bidders to join the prequalification process for the civil works contract of the PHP 10 billion (USD 208 million) New Cebu International Container Port (NCICP) project. The project is...
The Department of Energy (DOE) and the United States Agency for International Development (USAID) have partnered to increase private investments in advanced energy technology to ensure energy security in the country. In line with this partnership, the DOE and USAID...
Globe Telecom Inc. is set to discard its old 3G infrastructure completely and will now be increasing its fourth-generation (4G) long-term evolution (LTE) frequencies in the Visayas and Mindanao region particularly in the cities of Bacolod, Cebu, Mandaue and Lapu-Lapu,...
The Department of Trade and Industry (DTI) has called on the bicameral Congress to urgently sign the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, a landmark reformative bill that will make the country’s tax rates more competitive in South Eaast...
The Philippines government is planning to start the vaccination against COVID-19 for Filipinos by the third or fourth week of February. According to the country’s vaccine czar during the senate inquiry on the government’s vaccination plan, the first batch of...
San Miguel Corporation’s (SMC) subsidiary, San Miguel Aerocity Inc (SMAI), was granted a 50-year franchise to build, operate and maintain a domestic and international airport in Bulacan after the measure lapsed into a law. The measure, known as House Bill 7507, turned...
