The Department of Transportation Earmarks USD 3.1 Billion for Infrastructure Development
The Department of Budget and Management said a total of PHP 176.4 billion (USD 3.1 billion) from the Department of Transportation’s (DOTr) proposed 2024 allocation amounting to PHP 214.3 billion (USD 3.8 billion) would go to its Public Sector Infrastructure budget,...
Japan’s Murata Manufacturing to Expand Production Facility in the Philippines
Murata Manufacturing Co., Ltd., a Kyoto-based manufacturer of ceramic-based electronic components, has announced that it has finalized plans further to inject PHP 4.4 billion (USD 78.2 million) to expand its manufacturing facility in Tanauan City, Batangas province,...
Ayala Corporation Seeks to Grow its Cold Storage Facility Business
The industrial park and real estate logistics developer and operator arm of Ayala Corporation, AyalaLand Logistics Holdings Corporation (ALLHC), is placing a significant bet on its cold storage facilities as it seeks to increase its capacity by at least four times its...