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Toyota backs RACE alongside EVIS to spur investments

Transport & Logistics Context.ph Context.ph -
Toyota Motor Philippines (TMP) is optimistic the proposed Revitalizing the Automotive Industry for Competitiveness Enhancement (RACE) Program will be rolled out alongside the government's Electric Vehicle Incentive Strategy (EVIS), saying the twin initiatives would strengthen the country's automotive manufacturing base while accelerating the transition to cleaner mobility.

DOE awards first PGSSP contract to Metatek for PH energy resource mapping

Energy & Mining Context.ph Context.ph -
The Department of Energy (DOE) has given the initial contract for the Philippine Gradiometry and Seismic Survey Project (PGSSP) to global geophysical services firm Metatek.

Union Bank launches Apple Pay for cardholders

Banking & Insurance Context.ph Context.ph -
Union Bank of the Philippines announced Tuesday it will roll out Apple Pay for all its cardholders across the country.

Philippines stays on IMO White List, confirms status as top global seafarer supplier

Transport & Logistics Context.ph Context.ph -
The Philippines has kept its standing as one of the world’s leading sources of skilled seafarers, after the International Maritime Organization confirmed the country fully meets global rules for maritime education, training and certification.

DigiPlus to seek New Zealand gaming license

Corporate Context.ph Context.ph -
DigiPlus Interactive Corp. announced on Tuesday that it will apply for a gaming license in New Zealand.
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PEZA, Oman target investments across four strategic industries

Trade & Investments 0
The Philippine Economic Zone Authority (PEZA) and Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) have identified four priority industries for deeper investment cooperation, as both countries seek to strengthen trade and position their economic zones as complementary gateways to regional markets.

Davao durian shipped to Oman in new trial export

Agriculture 0
The Department of Agriculture announced Tuesday that 56 boxes of Davao durian, weighing 1.08 metric tons and worth around P183,000 ($3,000), have been sent to Oman. The shipment from Engseng Food Products of Davao City is bound for Jeel Almaaly International in Al Dakhiliyah Governorate.

Petron net income drops 28% on high oil costs

Corporate 0
Petron Corp. reported a 28 percent fall in first-half net income to P3.8 billion from P5.3 billion a year earlier, the company said Tuesday. The decline was mainly due to Middle East tensions pushing crude, import and freight costs higher. Dubai crude averaged $91 a barrel, up 27 percent year-on-year.

Singapore’s USEL eyes Philippine logistics, data center investments

Transport & Logistics 0
Singapore-based Universal Success Enterprises Limited (USEL) is exploring investments in logistics parks and data centers in the Philippines, underscoring growing foreign interest in sectors benefiting from the country's expanding digital economy and infrastructure buildout.
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