The Philippine government has proposed a budget of USD 4.627 billion (PHP 257.06 billion) for flood control in 2025, marking a significant investment in mitigating the country’s flood risks. This allocation is part of the Department of Budget and Management’s...
The Philippines’ Department of Energy (DOE) has announced plans for its fourth Green Energy Auction (GEA-4), scheduled for the fourth quarter of 2024. This auction will emphasize energy storage solutions alongside maximizing the country’s renewable energy...
The Department of Trade and Industry (DTI), with support from the Asian Development Bank (ADB), launched the National Artificial Intelligence Strategy Roadmap 2.0 (NAISR 2.0) and the Center for AI Research (CAIR) on July 3, 2024. This initiative is a key part of the...
ExxonMobil Asia Pacific Pte. Ltd. has selected Juliana Holdings Inc. as the authorized distributor of Mobil-branded lubricants in the Philippines. With a strong background in fast-moving consumer goods (FMCG) and transportation chemicals, Juliana Holdings will...
The National Economic Development Authority (NEDA) board has approved a USD 287.5 million allocation for the Philippines’ infrastructure flagship projects, including the Department of Information and Communications Technology (DICT)’s National Broadband Program...
Converge ICT Solutions Inc. has announced a partnership with Super Micro Computer Inc. to integrate artificial intelligence (AI) into its three upcoming data centers in Pampanga, Laguna, and Caloocan. The agreement, formalized through a memorandum of understanding,...
The U.S. and Philippine officials have unveiled new initiatives to strengthen defense and security cooperation. The U.S. will provide USD 500 million in foreign military financing to support the modernization of the Philippine military and coast guard. This funding...
Eleven Israeli companies are set to introduce and sell advanced agricultural technologies in the Philippines. The Israel Agricultural-Tech Roadshow in Makati City attracted around 100 local firms and agri-tech startups, showcasing a wide range of innovative solutions....
Duck Donuts, a US-based franchise known for its warm, made-to-order donuts, has opened its first store in the Philippines. Located in Angono St., Makati City, this new outlet is the largest among its over 160 locations worldwide. Duck Donuts’ unique selling...
Finance Secretary Ralph G. Recto has emphasized the transformative potential of the new Government-to-Government (G2G) agreement between the Philippines and France. Signed on June 7, 2024, this agreement aims to drive innovative projects focused on poverty alleviation...
Australian firm Macquarie’s Green Investment Group, through its local unit Blueleaf Energy Philippines, is set to pour in USD 1.5 billion to develop massive floating solar power plants in Laguna province, south of Luzon. Partnering with NKS Energy Utilities and...
SUEZ, a global leader in water and waste management, has announced a major project in the Philippines. In partnership with JEMCO, a prominent local construction firm, SUEZ will design, build, and operate a large-scale seawater desalination plant in Metro Iloilo. The...
