Philippines Aims to Become PPE Manufacturing Hub in Asia

Philippines Aims to Become PPE Manufacturing Hub in Asia

The Philippine government, through its lead investment promotion arm, the Board of Investments (BOI), is wooing Japanese manufacturers to turn the Philippines into their South East Asian hub for personal protective equipment (PPE) production, highlighting the...
PEZA Opens First Pharma Ecozone in Bulacan

PEZA Opens First Pharma Ecozone in Bulacan

The Philippine Economic Zone Authority (PEZA) has officially granted Philstar Marketing Development, Inc. registration as a developer and operator of its First Bulacan Business Park (FBBP) in Malolos, Bulacan, the first mixed-use ecozone in the province. FBBP will be...
Duterte Approves Acquisition of 15 Black Hawk Helicopters

Duterte Approves Acquisition of 15 Black Hawk Helicopters

President Rodrigo Duterte has approved the acquisition of 15 Black Hawk helicopters to slowly address the growing heavy-lift deficiency of the Armed Forces of the Philippines and decommissioning of its Huey helicopters. The decision comes on the heels of a recent...
Increased Pork Imports at Lower Tariff May be Approved by Duterte

Increased Pork Imports at Lower Tariff May be Approved by Duterte

The Philippine government is fast-tracking policies to stabilize food supply and ensure that households affected by COVID-19 will not be doubly affected by the increase in food prices. One of the policies is the Philippine Department of Agriculture’s...
PHL Regulation Favorable for Digital Payments Growth

PHL Regulation Favorable for Digital Payments Growth

According to a report by JP Morgan, the regulatory environment in the Philippines will help increase the country’s growth in digital banking and payments. JP Morgan projects that the potential market value for digital payments in the ASEAN-6  markets (Philippines,...