The government is sharpening its industrial policy for the cement sector, extending fiscal incentives to integrated cement projects while encouraging manufacturers to produce more clinker locally to reduce import dependence and strengthen the domestic supply chain.
The Philippine Economic Zone Authority (PEZA) has secured another investment for the country's expanding digital economy, signing a registration agreement with Industry Shared Services Centre Inc. for an P83-million information technology project in Davao City that is expected to generate more than 290 direct jobs.
Grab Philippines has launched a targeted support initiative to help local restaurant owners battle the crippling combination of rising utility bills and surging food costs. The assistance comes as inflation continues to squeeze the profit margins of micro, small, and medium enterprises (MSMEs) across the country.
Global cybersecurity firm Kaspersky has joined the Philippine Department of Information and Communications Technology (DICT) in urging Filipinos to be extra careful when using public Wi-Fi networks, which are often targeted by cybercriminals to steal personal information, login details, and spread harmful software.
DP World is adding new logistics capacity across Southeast Asia as manufacturers and retailers race to make regional supply chains faster and more resilient, with facilities in the Philippines and Kuala Lumpur due to open later this year.
The Philippines and Singapore have concluded negotiations to modernize their nearly five-decade-old tax treaty, potentially giving businesses greater certainty on cross-border transactions as economic ties between the two countries deepen.
Semirara Mining and Power Corp. is scaling back operations at its Acacia mine as rising seawater inflows strain pumping capacity and threaten access to the mine’s remaining coal reserves.
Shell Pilipinas Corp. and Landers Superstore are combining their fuel and retail networks under a strategic partnership aimed at expanding customer reach while extending membership benefits across fuel purchases and everyday shopping.