Department of Finance (DOF) Secretary Frederick D. Go said the government hopes to sign within the year the framework agreement for the first technology hub under the United States (US)-led Pax Silica Initiative, a project anchored by Taiwan’s Foxconn that seeks to establish a high-tech...
The Philippines joined 34 other economies, led by the United States (US), in affirming a shared commitment to align government regulations on artificial intelligence (AI) with the goal of strengthening global supply chains. The US State Department announced on Friday, June 26 (US time), that a...
The United Nations Conference on Trade and Development (UNCTAD) warned that critical mineral partnerships, such as the United States-led Pax Silica initiative, must align with multilateral trading rules to avoid exacerbating the fragmentation of the global trade system. In its latest global trade...
The Manila-based multilateral lender Asian Development Bank (ADB) has urged countries in Asia-Pacific to accelerate regional power connectivity as mounting geopolitical tensions, soaring electricity demand, as well as energy security risks threaten economic growth and household welfare across the...
The Asian Development Bank (ADB) is preparing a $10-million technical assistance (TA) grant to jump-start its newly launched Pan-Asia Power Grid Initiative, a flagship regional program aimed at expanding cross-border electricity trade and accelerating renewable energy (RE) integration across Asia...
The Philippines risks remaining a mere host for foreign-led artificial intelligence (AI) and semiconductor investments under the emerging United States (US)-led Pax Silica initiative unless it develops stronger domestic technological and industrial capabilities, according to the University of the...
Reforms in public procurement, infrastructure oversight, and accountability must be fully carried out to ensure that the billion-peso flood-control corruption scandal does not happen again and those responsible are made to answer, according to four governance and business groups. In a joint...
The Justice Reform Initiative (JRI) joined the growing opposition from the private sector against the recent attempt by the Senate majority bloc to allow lawmakers to vote remotely, which the group warned could have serious consequences for the upcoming impeachment trial. JRI, an umbrella group of...
For many years, when we spoke of prosperity corridors, we imagined highways, ports, railways, industrial estates, and airports. These remain essential. Goods still need to move. Workers still need transport. Factories still need land, power, water, and logistics. But the next prosperity corridor in...
The Philippine National Police (PNP) on Tuesday, May 26, ordered all regional and local units to sustain aggressive anti-criminality operations and increase boots on the ground despite a major drop in crime rates nationwide. PNP Chief, Police General Jose Melencio C. Nartatez, Jr. issued the...
Washington is pressing Manila to grant unprecedented legal protections—potentially including a form of diplomatic immunity—to secure American corporate investments in the planned mega artificial intelligence (AI) hub in New Clark City, a proposal Philippine officials have already rejected. US...
More than a year after an unsolicited proposal was first submitted, the Subic Bay Metropolitan Authority (SBMA) has formally launched the Swiss challenge for the ₱6.2-billion Subic Bay International Airport (SBIA) project, opening the door to rival bidders for an airport that would complement the...
