To further strengthen bilateral relations between the Philippines and Israel, state-run Land Bank of the Philippines and the Israel Embassy agreed to explore more areas of collaboration to advance economic development in the country.
Federal Express Corp. (FedEx) has broken ground on the expansion of its Clark gateway facility, doubling down on the Philippines as a key logistics and trans-shipment hub in Asia amid booming cross-border trade and e-commerce demand.
US Under Secretary for Economic Affairs Jacob Helberg underscored the growing global push for secure and reliable supply chains during a May 18 visit to the site of the Philippines’ planned Economic Security Zone in New Clark City.
The Department of Justice–Office for Competition (DOJ-OFC) intensified its push for transparency and accountability in government procurement, convening a two-day online workshop to help government personnel and procurement practitioners detect bid rigging and other anti-competitive practices.
Therma South, Inc. (TSI), a subsidiary of Aboitiz Power Corporation, has signed a two-megawatt Emergency Power Supply Agreement (EPSA) with Misamis Occidental I Electric Cooperative, Inc. (MOELCI-I) to help ensure stable electricity supply in Oroquieta City and seven municipalities in the province.