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Axelum plans P400 million capital spending to rebound in 2024

Corporate Context.ph Context.ph -
Axelum Resources Corp., the country’s leading fully-integrated manufacturer and exporter of premium coconut products, plans to spend up to P400 million to deploy additional capacity and upgrade its equipment and facilities this year.

DA says mackerel import ban to flush out erring importers, won’t undermine fish supply

Agriculture Context.ph Context.ph -
Agriculture Secretary Francisco P. Tiu Laurel, Jr. on Thursday downplayed claims  the impending import ban against frozen round scad, bonito and mackerel would undermine production of canned fish, particularly mackerel.

NAIA Terminal 3 finally getting much-needed electrical systems upgrade

Transport & Logistics Context.ph Context.ph -
The Manila International Airport Authority (MIAA) has started essential power maintenance activities at Terminal 3 of the Ninoy Aquino International Airport (NAIA) lasting up to 28 May this year to replace outdated electrical components helping sustain last year's electrical systems upgrade.

Visitor arrivals up 18% in 1Q on influx of South Korean tourists

Top News Context.ph Context.ph -
Overseas Filipino workers, who are included in the data sourced by the DOT from eTravel, accounted for 5.7 percent of arrivals, or a total 94,265, lower by 16 percent from the same period last year.

300 MW new capacity comes online in hot months up ahead

Energy & Mining Context.ph Context.ph -
The Department of Energy (DOE) said as much as 300 megawatts worth of additional power is coming online during the summer months.
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Budget chief urges UP engineers grads to build with integrity

Education, Health & Science 0
Budget and Management (DBM) Secretary Kim Robert de Leon challenged graduates of the University of the Philippines Diliman College of Engineering to uphold integrity, reject substandard work, and use their expertise to build infrastructure that serves the Filipino people.

APECO pushes Pacific ports as ASEAN trade gateway

Trade & Investments 0
The Aurora Pacific Economic Zone and Freeport Authority (APECO) is urging ASEAN to expand its next generation of ports and industrial hubs along the Pacific coast, saying the shift would strengthen regional supply chains, improve trade connectivity, and reduce reliance on traditional maritime chokepoints.

AWS eyes up to $5B Philippine cloud investment

Communications & Technology 0
Amazon Web Services (AWS) is exploring the establishment of an AWS Region in the Philippines, a project that could bring up to USD5 billion in investments over the next 15 years and significantly strengthen the country's digital infrastructure and technology ecosystem.

DOST opens Ilocos yarn hub, targets 5,000 text jobs

Economy 0
The Department of Science and Technology (DOST) has launched the Ilocos Region's first Regional Yarn Production and Innovation Center (RYPIC), a move aimed at strengthening the domestic textile industry and creating up to 5,000 jobs across the country's fiber-to-fashion value chain.

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