Italian shipbuilder Fincantieri and Germany’s ThyssenKrupp Marine Systems (TKMS) have signed an Industrial Cooperation Agreement to jointly offer U212-class submarines to the Philippine Navy. The agreement is part of the companies’ broader strategy to participate in...
The Philippine Space Agency (PhilSA) recently hosted a high-level delegation from the European Union (EU) and 17 EU Member States to highlight ongoing space cooperation under the EU’s Global Gateway strategy. The visit on April 2, 2025, focused on initiatives that...
Vertiv, a US-headquartered provider of digital infrastructure solutions, has launched a regional training facility in the Philippines aimed at boosting technical expertise across the Asia-Pacific region. The new center, known as Vertiv Academy, is located at the...
US-based pop culture collectibles company Funko, Inc. is set to open its first licensed retail store in Southeast Asia, selecting the Philippines as its launchpad in the region. The store, which will be operated by local partner Funtastik Enterprises Corp, is expected...
The Technological Institute of the Philippines (T.I.P.), a private higher education institution focused on engineering and technology, has opened a new quantum computing research facility aiming to address challenges in the country’s energy sector. The Quantum and...
Ajinomoto Philippines Corp. (APC), the local subsidiary of Japan-based Ajinomoto Group, has announced plans to cut its environmental footprint by half by 2030 as part of its long-term sustainability strategy. The company’s target aligns with the global parent firm’s...
Latvia-based pharmaceutical company Solé Pharma has expanded its operations into the Philippines, responding to growing consumer demand for high-quality health supplements. The company’s product line is now available through major retailers and e-commerce platforms in...
Taiheiyo Cement Philippines Inc. (TCPI), a subsidiary of Japan’s Taiheiyo Cement Corporation, has significantly expanded its cement production capacity in Cebu with the completion of a USD 227 million (PHP 12.8 billion) upgrade to its manufacturing facility. The new...
On March 28, 2025, the Sorosoro Ibaba Development Cooperative (SIDC) officially inaugurated a major feed mill and corn storage facility in Batangas, located in the Calabarzon region on the island of Luzon. The facility includes two storage silos with a combined...
Singapore-based tech services firm NCS has entered into a joint venture with Globe Telecom in the Philippines, acquiring a 51% stake in Globe’s IT subsidiary, Yondu. The partnership is set to significantly expand NCS’ presence in the country, increasing its local...
The Philippines has signed five new loan agreements with the Japan International Cooperation Agency (JICA) totalling JPY 171.58 billion (USD 1.13 billion) to fund key infrastructure and climate-related initiatives. The agreements were finalised during the 15th...
New NAIA Infrastructure Corp. (NNIC) has partnered with Collins Aerospace, a subsidiary of RTX Corporation, to modernise Ninoy Aquino International Airport (NAIA) with advanced airport technologies aimed at improving efficiency and the passenger experience. Starting...
