South Korean Firm Begins Construction of New Cebu International Container Port
Construction of the long-delayed New Cebu International Container Port (NCICP) in Tayud, Cebu City, has officially commenced. Led by Transportation Secretary Jaime Bautista and other government officials, the groundbreaking marks the start of a USD 290 million (PHP...
Philippines to Acquire Submarines for Maritime Defense
The Philippine Navy is set to acquire two submarines under the final phase of its military modernization program (Horizon Three) to strengthen maritime defense. AFP Chief of Staff Gen. Romeo Brawner confirmed the plan, calling it a long-term goal for the archipelagic...
7-Eleven Philippines to Invest USD 85 Million in Expansion
Philippine Seven Corp, the exclusive operator of 7-Eleven in the Philippines, plans to invest PHP 5 billion (USD 85.32 million) to open over 400 new stores in 2025, according to its Taiwanese parent company, President Chain Store Corp. The expansion aims to grow the...