Japan’s ANA Holdings Purchases Stake in Philippine Flag Carrier

ANA HOLDINGS INC. (ANA HD), parent of All Nippon Airways (ANA), Japan’s largest airline, will invest USD 95 Million in PAL Holdings Inc. (PAL Holdings) and acquire 9.5% of PAL Holding’s outstanding shares. PAL Holdings is the parent of Philippine Airlines Inc....

Philippines’ National Broadband Plan Receives Funding from USTDA

The U.S. Trade and Development Agency (USTDA) has granted the Department of Information and Communications Technology (DICT) PHP 23.8 million (USD 460,000) in financial assistance to support the implementation of the country’s National Broadband Network Plan. The...

DENR Prepares to Launch Manila Bay Rehabilitation Project

The Philippine government has entrusted the Department of Environment and Natural Resources (DENR) to spearhead the rehabilitation of Manila Bay. President Rodrigo Duterte is allocating PHP 47 billion (USD 893 million) to support the clean-up. The funds are expected...