The National Development Co. (NDC) has appointed Robert James M. Samson as its new general manager, as the state-owned investment firm seeks to maximize its assets and expand its role in strategic industries.
The Philippines is tightening its fight against forced labor as tougher labor standards in major markets increasingly turn worker protection into a trade and export competitiveness issue.
Indian technology and manufacturing companies are lining up as much as USD66.8 million in investments in the Philippines that could generate up to 7,500 jobs, strengthening economic ties between Manila and New Delhi while spreading new projects beyond Metro Manila.
Nestlé Philippines is investing nearly P500 million to expand its ready-to-drink manufacturing facility in Tanauan City, Batangas, adding capacity for 144 million packs of CHUCKIE chocolate milk annually as demand grows.
The Philippine Economic Zone Authority (PEZA) is poised to exceed its investment registration target this year, with a roughly P200-billion pipeline of major projects potentially pushing approvals past its previous record.