The Anti-Red Tape Authority is moving to help clear regulatory bottlenecks for the proposed Pax Silica Innovation Ecosystem in New Clark City, while insisting that faster government approvals will not mean weaker legal, environmental, or social safeguards.
The Philippines is seeking long-term investment commitments for a planned advanced manufacturing hub in Clark to ensure the project survives potential policy shifts after presidential elections in the Philippines and the US.
Senate President Sherwin Gatchalian is backing the Philippines’ bid to secure the proposed Pax Silica high-technology manufacturing hub, calling the project a “once-in-a-lifetime opportunity” to draw foreign direct investments, create jobs, and build the country’s next major growth engine after business process outsourcing.
The Bases Conversion and Development Authority (BCDA) said the proposed advanced manufacturing park in New Clark City under the Pax Silica initiative will operate within Philippine law and be developed as a purely commercial project, with no defense-related activities.
Aboitiz Economic Estates president and CEO Rafael Fernandez de Mesa sees the government’s Pax Silica initiative as a potential catalyst for Philippine industrialization, particularly as the country seeks to attract higher-value industries and move up the global supply chain.
In a strategic move to address the growing demand for trusted data in artificial intelligence deployments, Boomi has officially acquired Elementary Data, a leading provider of data observability solutions. Following its recent acquisition of Lunar.dev, this latest addition significantly strengthens the Boomi Enterprise Platform by integrating advanced observability, data quality, governance, and discovery features essential for modern enterprise AI.
SM Prime Holdings Inc. is moving ahead with the first phase of a redevelopment of Susana Heights Village in Muntinlupa, planning new retail plazas and upgrades to community amenities as it seeks to refresh the established residential estate while preserving its low-density character.
Power distribution companies are playing a central role in the country’s transition to electric mobility, providing the critical energy grid and charging infrastructure required to make electric vehicles a practical reality for everyday drivers and businesses.
Digital banking has become a seamless part of daily life for millions of Filipinos, from quick money transfers before work to settling bills from a smartphone at night.