Philippine port operator International Container Terminal Services Inc. (ICTSI) is set to strengthen South Africa’s trade and logistics sector as it begins managing and developing the Durban Container Terminal Pier 2 (DCT2) under a 25-year partnership with state-owned Transnet.
Concentrix has strengthened its footprint in the Philippines with the launch of a new operations site and its iX360 immersive experience center in GBF Tower 2, Bridgetowne, Quezon City. The expansion is part of the company’s reported P2-billion investment aimed at scaling its AI-driven and digital customer experience services.
Alsons Consolidated Resources Inc., the listed energy arm of the Alcantara Group, posted stronger first-quarter earnings as rising electricity demand in Mindanao and improved power trading offset mounting global economic uncertainty.
Foreign investment approvals in the Philippines jumped 52 percent in the first quarter, driven largely by South Korean capital and major projects in entertainment, manufacturing, and tourism-related industries, according to the Philippine Statistics Authority.
Thailand’s Gunkul Engineering has partnered with local developer SunAsia Energy for a $1-billion floating solar project at Laguna Lake, set to deliver 1,000 MW capacity as Southeast Asia’s biggest of its kind.
The Department of Energy (DOE) is moving forward with plans to bring electricity to more than 100,000 currently unenergized households across the Philippines, through an upcoming competitive bidding process for microgrid services.
The Department of Agriculture (DA) is leading a major drive to expand the palm oil industry, aiming to cut the country’s heavy reliance on imports and build a local supply base that can also serve as feedstock for cleaner fuels.
The National Dairy Authority (NDA) and Central Philippines State University (CPSU) have partnered to develop a 50-hectare dairy stock farm in Barangay Camingawan here, aiming to strengthen production, breeding, research and training across the Negros Island Region.