Converge ICT Solutions Inc. is positioning itself to support the Philippines’ emerging artificial intelligence (AI) and advanced manufacturing ecosystem, as the proposed Pax Silica Industrial Hub creates potential demand for connectivity and computing infrastructure.
The planned Pax Silica industrial hub in New Clark City is targeting its first 10 to 20 locators within five years of construction, with an ambitious goal of generating as much as USD200 billion in exports over a 30-year development period.
The Philippine Chamber of Commerce and Industry (PCCI) has endorsed the proposed Pax Silica AI hub, calling it a "once-in-a-lifetime" opportunity for the country to secure a foothold in one of the world's fastest-growing industries and move up the global technology value chain.
The Management Association of the Philippines (MAP) has thrown its support behind the proposed Pax Silica Initiative, calling it one of the country's biggest economic opportunities in decades while urging the government to negotiate from a position of strength and ensure robust safeguards protect national interests.
The Department of Energy (DOE) is urging the proposed Pax Silica development to build its own power plant instead of drawing electricity from the Luzon Grid, warning that the project's massive energy demand could strain the country's main power network if left unaddressed.
The Bank of the Philippine Islands (BPI) is set to expand its sustainability efforts and mark a major milestone in its corporate history with a proposed ₱5-billion bond offering. Dubbed the BPI SIBOL Bonds, this issuance serves as the third tranche under the bank’s broader ₱200-billion bond and commercial paper program, with an option to increase the offer size based on demand.
In a historic move, top central bankers, climate scientists, and business leaders from around the globe converged at the Philippine International Convention Center on October 19, 2026, for the first-ever Green Swan Conference held outside Switzerland.
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.