The free trade agreement (FTA) between the Philippines and South Korea officially took effect on December 31, 2024, marking a historic milestone in their economic relationship. Signed on September 17, 2023, the FTA aims to create new opportunities for businesses and...
Envision Energy, a global leader in green technology, has achieved a significant milestone by signing the Philippines’ largest single wind power contract to date. The agreement, awarded by ACEN, the renewable energy platform of the Ayala Group, involves...
The Philippines will receive EUR 10.7 million (USD 11.12 million) from the European Union (EU) to support climate mitigation and adaptation initiatives. This funding is part of the Climate Fund Managers’ (CFM) Climate Investor Two (CI2) Fund, a USD 1 billion blended...
Ayala Healthcare Holdings, Inc. (AC Health) has partnered with the US Agency for International Development (USAID) to tackle the HIV epidemic in the Philippines by enhancing access to stigma-free care and essential services. AC Health is a wholly-owned subsidiary of...
Philippine blockchain education technology platform Bitskwela has partnered with Sonic Labs to enhance the understanding and practical application of blockchain in universities across the Philippines. Recognizing a growing national interest in blockchain, Bitskwela...
Acciona Infrastructure, a global leader in sustainable infrastructure, is set to expand its investments in the Philippines while continuing to collaborate with government and private partners on transformative projects. During the Pilipinas Conference 2024, CEO Jose...
Unilever Philippines has announced plans to enhance its local manufacturing capabilities and supply chain strategies, reaffirming its commitment to the Philippine market. The company stated that over 90% of its products sold domestically are locally manufactured, with...
Foreign brands are increasingly entering the Philippine retail market, particularly in provincial areas, as they set up shop in new retail centers like Megaworld’s Upper East Mall in Bacolod City. According to Colliers Philippines’ 2025 Philippine Property...
HydroWing, the tidal energy division of the UK-based Inyanga Marine Energy Group, has entered into a binding agreement with one of Perusahaan Listrik Negara’s (PLN) subholdings, a state-owned national power company in Indonesia that owns the national grid. The...
Toyo Engineering Corporation (Tokyo) has entered into a Shareholder Agreement (SHA) with Pupuk Indonesia Holding Company (PIHC), a state-owned Indonesian fertilizer firm, and ITOCHU Corporation (Tokyo) to form a joint venture. The partnership aims to produce green...
Nineteen Australian companies have shown interest in investing in Indonesia’s technology sector, according to the Indonesian Minister of Communication and Digital Affairs statement last October. Following a meeting with the Australian Ambassador to Indonesia,...
Indonesia has successfully obtained a loan to purchase two Thaon de Revel-class PPA (Pattugliatore Polivalente d’Altura) multi-role offshore patrol vessels from the Italian shipbuilding company Fincantieri. Indonesia is expected to designate the two multi-role patrol...
