The Department of Agriculture (DA) and the Korea Agricultural Machinery Industry Cooperative (KAMICO) have signed a memorandum of understanding (MOU) to establish the Philippines’ first agricultural machinery industry complex. The complex will be located on a...
Over 150 Taiwanese companies participated in the Philippine Investment Forum (PIF) held in Taipei on October 22, 2024, showcasing investment opportunities in key sectors such as smart transportation, electric vehicles (EVs), smart city development, semiconductor...
The Department of Agriculture (DA) has launched a four-year program aimed at modernizing the Philippines’ agriculture sector, with a focus on improving infrastructure to address domestic food production challenges. The plan emphasizes upgrading transportation,...
The Armed Forces of the Philippines (AFP) is advancing its defense modernization efforts by pursuing the procurement of the U.S.-made Typhon Mid-Range Capability (MRC) missile system. This move is part of the country’s ongoing shift towards enhancing its external...
MIESCOR Infrastructure Development Corp. (MIDC) and PhilTower Consortium, Inc. have finalized a joint venture aimed at enhancing telecom infrastructure and accelerating the deployment of wireless technology in the Philippines. This partnership seeks to strengthen the...
The construction of the 12-kilometer Lapu-Lapu Expressway (LLEX), the first expressway in the Visayas and Mindanao regions, is set to begin next year. This was confirmed by Cebu-Cordova Link Expressway Corporation (CCLEC) president, Allan Alfon, on September 27. The...
The first Disney Store in Southeast Asia has officially opened its doors at SM Mall of Asia in the Philippines, marking a significant addition to the region’s retail landscape. Located at one of the largest shopping malls in the country, the store features a wide...
President Ferdinand Marcos inaugurated the Philippines’ first electric vehicle (EV) battery factory on September 30, 2024, emphasizing its importance for the future of clean energy. The Australian-owned lithium-iron-phosphate plant, located in New Clark City,...
L’Oréal and Watsons have partnered to launch the first green joint business plan in the Philippines’ beauty and wellness sectors. This initiative addresses the pressing issue of plastic waste while promoting sustainable business practices. The collaboration aims...
In a significant development for the renewable energy sector, UK-based investment firm Actis has committed USD 600 million to the Philippines’ largest solar power project, Terra Solar. The project, a partnership with Manila Electric Company (Meralco) and Solar...
Japan, South Korea, and the United States have committed PHP 1.6 billion (USD 29 million) over the next five years to enhance healthcare in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM). The funding, pledged by the Japan International Cooperation Agency...
The Philippine Economic Zone Authority (PEZA) is ramping up efforts to attract more Singaporean investments, especially in high-impact, energy-intensive sectors such as semiconductors and electric vehicle manufacturing. At the 4th Philippines-Singapore Business and...
