The impact of the recent state visit made by President Ferdinand "Bongbong" R. Marcos Jr. and the Philippine delegation to Japan will be felt within the next three years, the Department of Trade and Industry (DTI) disclosed on Tuesday, Feb. 14. DTI Asec. Glenn G. Peñaranda (Screenshot taken from...
Majority or 21 out of total 34 investment pledges signed during the recent official visit of President Ferdinand R. Marcos Jr. to Japan are expected to materialize within three years, according to the Department of Trade and Industry (DTI). DTI Secretary Alfredo E. Pascual described the prospects...
The Energy Regulatory Commission (ERC) is reviewing the appeal of generation companies (GenCos) for possible upward adjustment in the secondary price cap (SPC) of the Wholesale Electricity Spot Market (WESM) as existing rate could no longer support warranted return on investments (ROIs) if they...
The SM group of companies was one of the most awarded in the recently held Golden Arrow Awards by the Institute of Corporate Directors (ICD). In a statement SM Investments Corporation said nine companies of the SM Group were recognized for excellence in performance in Corporate Governance. From...
Metro Pacific Investments Corporation (MPIC) is expanding its agriculture business by acquiring a 34.76 percent stake in listed coconut products exporter Axelum Resources Corporation for P5.32 billion. In a disclosure to the Philippine Stock Exchange, Axelum said it has entered into a strategic...
The Philippine Economic Zone Authority (PEZA) has approved the registration of the Filipino-owned MJ Landtrade Development Corp. for its P4.116 IT Center special economic zone project, bringing the agency’s total investment approvals in January to P6.393 billion. PEZA OIC Deputy Director General...
The United Kingdom is wishing to become one of the Philippines' top investors considering the country’s wide market and the government’s measures to ensure easier access to conducting business transactions. UK Ambassador to the Philippine Laure Beaufils said UK "wants to...
SM Investments Corporation is optimistic about its prospects this year as it pushes forward with its expansion and growth plans to reach more communities. “We are investing in the future growth of the Philippines as it continues to present tremendous potential,” SM Investments Corporation...
The Board of Investments (BOI) has placed at $24.7 million the initial investments from the committed projects during the recent promotion drive in Switzerland. Trade and Industry Undersecretary Ceferino S. Rodolfo, who is also BOI managing head, said in a statement that the potential investments...
SM Investment Corporation’s logistics unit 2GO Group announced that it is now the country’s first to have mixed temperature vans that will boost the safe and secure transport of perishable goods. In a statement, the pioneer in less than container load (LCL) reefers in the Philippines said the...
The Semiconductor Industry Association (SIA), which is composed of the world’s electronics giants, has remained confident that the Philippines will remain a critical player in the global semiconductor industry and a major hub for semiconductor assembly and test manufacturing. SIA members visited...
A "yeoman", or a hard worker. House Speaker Martin Romualdez (left) and President Ferdinand "Bongbong" Marcos Jr. (Speaker's office, Facebook) That's how House Speaker Martin Romualdez described President Ferdinand "Bongbong" Marcos Jr.'s performance at the World Economic Forum (WEF), saying that...
