Groundbreaking for the planned United States (US) economic security zone in the Philippines could take place within the current Marcos Jr. administration, with the project expected to generate hundreds of thousands of jobs once fully developed, Philippine investment officials said. Officials from...
The United States (US) and the Philippines are planning to establish a 4,000-acre, or a nearly 1,619-hectare (ha), industrial hub in Luzon aimed at strengthening supply chains for critical inputs, according to the US Department of State. In an April 16 fact sheet, the US State Department said the...
The Board of Investments (BOI) has partnered with South Korean lender Shinhan Bank to attract more foreign investors to the Philippines. The move comes as Manila anticipates the ratification of a Free Trade Agreement (FTA) with South Korea, which is expected to boost economic ties between the two...
Germany and Japan are the top foreign investors in the Philippines from January to September this year, a Cabinet official said. (Photo courtesy of PCO) Trade Undersecretary Ceferino Rodolfo said Germany has the biggest investment pledges with 80 percent of the P427-billion foreign...
Ampleon, the world’s third largest radio frequency (RF) power products manufacturer based The Netherlands, is exploring the country’s tax incentives regime to help them grow their existing business in Laguna. A BOI statement released Friday, Aug. 4, said the company based in Nijmegen, The...
The Department of Trade and Industry and SAP, world’s leading software development firm based in Germany, discussed potential collaboration in the development of upskilling programs for Philippine small and medium enterprises (SMEs) to access the digital economy. UPSKILLING PH MSME DISCUSSION --...
Optum Global Solutions (Philippines), Inc. is investing P858 million to further expand its healthcare information management (HIM) operation in the Philippines and create 1,500 new jobs for the new project in Davao City. The Board of Investments (BOI), which approved the Optum Philippines...
The Philippines and the United Kingdom will develop a refreshed Joint Action Plan on Trade, Investment, and Economic Cooperation for 2023 to 2024, as both partners agreed to pursue efforts, including improving ease of doing business in the Philippines, to further promote bilateral economic...
The Board of Investments (BOI) has thrown its strong support behind the full development and promotion of the 40-hectare Bukidnon Domestic Industrial Zone in Mindanao as hub for global food producers. BOI Managing Head Ceferino S. Rodolfo said the agency has facilitated the meeting of all...
Dole, the global leader in fresh fruits and vegetables production, mulls further expansion of their business in the Philippines through R&D and product innovation. This was revealed in a social media post by the Bureau of International Relations, which shared the meeting of Trade and Industry...
The Board of Investments (BOI) has set a fighting target to overtake Vietnam in terms of foreign direct investment (FDI) inflows by 2024 and Indonesia by 2026, around midterm of President Ferdinand Marcos Jr.’s administration. During a panel at the 2022 National Exports Congress on Wednesday,...
Shenzhen Grandsun Electronics Co. Ltd., a Chinese sub contractor of a European company, is planning to expand operation in the country in one of the economic zones in Batangas City. This was revealed by Trade and Industry Secretary Ceferino S. Rodolfo at the recent virtual meeting with members...
