The Philippines could more than quadruple medical tourism revenues to USD5 billion by 2034, but unlocking that growth will require bigger investments in healthcare and wellness infrastructure, stronger standards, and a more integrated value chain linking hospitals, tourism, logistics, technology, and other industries, government and business leaders said.
Tencent has released Hy4 preview—an open-source, next-generation large language model with 770B total parameters, 49B active parameters, and over 1M-token context window.
Globe Business has partnered with Chinabank Savings (CBS) to bring essential banking and credit services directly to public schools via mobile technology, making financial assistance more accessible to educators and school personnel.
AC Health is moving into clinical research, partnering with AstraZeneca Philippines to develop Healthway hospitals as potential clinical-trial sites and expand the country’s capacity to conduct studies beyond traditional research centers.
PXP Energy Corp.’s 12.5 percent stake in Service Contract 80 (SC 80) gained a potentially more favorable resource outlook after operator Tetragon Energy Ltd. reported an increase in estimated prospective resources at the Halcon exploration prospect in the Southwest Sulu Sea.
Businesses covered by the Bureau of Internal Revenue’s (BIR) electronic invoicing mandate have until year-end to upgrade billing and accounting systems, potentially adding to software, technology and training costs.
The Philippines is pushing for a free trade agreement (FTA) with the European Union to protect preferential market access and shield exporters from higher tariffs as the country moves closer to losing eligibility for the EU’s Generalized Scheme of Preferences Plus (GSP+).
The United Kingdom is seeking to deepen trade and investment ties with the Philippines without waiting for Manila’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), signaling a parallel approach to bilateral and regional economic integration.
Taiwan-based CQS Precision Die Casting Inc. is expanding into the Philippines with a new manufacturing facility in Batangas, adding robotics production to the industrial mix at LIMA Estate.