Food firms warn of shortages amid supply risks
Food manufacturers and retailers are warning of potential long-term shortages as rising fuel costs and geopolitical tensions disrupt the steady flow of raw materials and finished goods into the Philippines.
DTI pushes VinFast to build Philippine EV plant
The Department of Trade and Industry (DTI) is urging Vietnamese automaker VinFast to consider establishing manufacturing operations in the Philippines, as the government accelerates plans for a comprehensive electric vehicle (EV) incentive program.
Cebu snack maker signs power supply deal with COREnergy for 750 kW
Cebu-based snack manufacturer Prifood Corp has partnered with COREnergy, the retail electricity arm of Vivant Energy, to supply power to its manufacturing operations in the Philippines.
Prime Energy sees Malampaya Phase 4 delivering gas later this year
Prime Energy, the gas exploration arm of Prime Infrastructure Capital Inc., says it is confident it will deliver the first gas from the Malampaya Phase 4 (MP4) project by the fourth quarter of 2026, staying on schedule based on current progress.
Marcos government eyes income upgrade, poverty decline soon
The administration of President Ferdinand R. Marcos Jr. says the Philippines remains on track to achieve upper middle-income status and further cut poverty rates within the President’s term, even as global uncertainties weigh on growth prospects.
