The Philippines to Launch Digital Currency Pilot Project

The Philippines to Launch Digital Currency Pilot Project

May 20, 2022

BSP, the central bank of the Philippines, has recently announced that it will launch a pilot initiative for a Central Bank Digital Currency (CBDC), called project CBDCPh. It is estimated that around 40 countries are currently undertaking research on CBDCs, including...
Scatec Expands Renewable Energy Investment in the Philippines

Scatec Expands Renewable Energy Investment in the Philippines

May 20, 2022

SN Aboitiz Power Group (SNAP), a joint venture between Norwegian renewable power producer Scatec and Philippine peer AboitizPower, has signed construction and financing agreements for the development of its 20-megawatt battery energy storage system (BESS) project at...
Initiatives to Tackle Marine Pollution Seen in the Philippines

Initiatives to Tackle Marine Pollution Seen in the Philippines

May 20, 2022

Cleene Ethyl Alcohol, a trusted Filipino brand that provides high-quality and affordable alcohol products from Philusa Corporation, extends its effort in reducing ocean-bound plastic waste as it partners with the social enterprise, Plastic Bank Corporation. Cleene...
Philippines Attracts More Investments from US Companies

Philippines Attracts More Investments from US Companies

May 19, 2022

Several US companies have expressed interest to invest further in the Philippines, taking advantage of the incentives brought forth by recently enacted laws that liberalized foreign investments. Philippines’ economic, trade and industry officials held talks with...
Airbus Boosts Support for the Philippines’ Defense Needs

Airbus Boosts Support for the Philippines’ Defense Needs

May 19, 2022

A multinational aerospace company, Airbus, sees the Philippines as an important market for the company. The country’s defense market is poised to grow since the country is undergoing fleet modernization and renewing its legacy assets. Airbus is set to deliver...