Toyota Motor Philippines (TMP) and its suppliers reported USD 1.2 billion in exports in 2024, accounting for 30% of the country’s OEM parts exports. Despite global trade concerns, including possible U.S. tariffs, PEZA assured minimal impact on the Philippines due to...
The Philippine government is moving to strengthen its maritime defense by upgrading and expanding naval bases in strategic locations across the country. Defense Secretary Gilberto Teodoro announced plans to fast-track infrastructure works on Balabac Island, a joint...
The Philippines is expected to increase agricultural imports over the next decade, as domestic production struggles to keep up with the demands of a growing economy and rising population. A new OECD–FAO outlook covering 2025–2034 identifies the country as one of the...
Global blender brand nutribullet, known for its compact and powerful personal blenders, has launched its first-ever flagship store in the Philippines at Level 4, Mega Fashion Hall, SM Megamall. With over 100 million units sold globally, nutribullet aims to make...
Finance Secretary Ralph Recto has secured PHP 15.8 billion (USD 270 million) in concessional funding from the French government through Agence Française de Développement (AFD) to support the Philippines’ Climate Change Action Plan Subprogram 2 (CCAP2). The agreement,...
The United States is stepping up its infrastructure support in the Philippines by funding technical assistance for the Subic-Clark-Manila-Batangas (SCMB) Railway, a key component of the Luzon Economic Corridor (LEC). The agreement, signed between the US Trade and...
Equinix, Inc., a global digital infrastructure company, has entered the Philippine market through the acquisition of three data centers in Manila—MN1, MN2, and MN3—from local provider Total Information Management (TIM). This marks Equinix’s latest expansion in...
Global medical technology firm Becton, Dickinson and Co. (BD) is expanding its footprint in the Philippines, aiming to supply more hospitals with its diagnostic and treatment solutions while investing in local healthcare training. The move signals growing...
The Philippine Department of Energy (DOE) is preparing to launch a USD 300-million initiative aimed at installing rooftop solar systems and implementing energy efficiency measures in public schools and hospitals. The five-year program, backed by an approved loan from...
The Philippine Economic Zone Authority (PEZA) has signed a memorandum of understanding (MOU) with LIMA Infrastructure Inc., a subsidiary of Aboitiz InfraCapital Economic Estates, naming it as the newest Investment Promotion Partner (IPP). The partnership aims to...
South Korea is aiming to deepen its defense ties with the Philippines as part of its broader push to become the world’s fourth-largest arms exporter by 2027. At the recent International Maritime Defense Exhibition (Madex) 2025 in Busan, Korean defense firms...
The United States expects an increase in agricultural exports to the Philippines in 2025, driven by the country’s growing middle class and strong expansion in the food service, retail, and food manufacturing sectors. According to the USDA’s Foreign Agricultural...
