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...
The Departments of Agriculture (DA), Transportation (DOTr), and Energy (DOE) joined forces to provide farming and fishing communities in the Philippines access to refrigerated container vans or reefer vans. This is expected to benefit both producers and consumers. On...
The Philippines and India inked an agreement for the export of military equipment by India into the Philippines. The agreement will serve as guidelines for the policies and procedures in procuring defense items including government-to-government procurement...
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...
The Department of Energy (DOE) has declared a total of 69 locations in Negros Occidental and Palawan as remote, underserved and unserved areas, which are open for the private sector to provide electricity services as a Qualified Third Party (QTP). According to a...
Republic Cement, a leading construction solutions provider and Colgate-Palmolive Philippines, makers of leading oral and personal care health and hygiene products, have joined together to address the plastic waste problem in the Philippines. Both companies signed a...
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...
