Tag: Pax Silica

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Pax Silica hub targets USD70B investments, jobs

The Philippines’ planned high-technology hub under Pax Silica in New Clark City is emerging as a major investment magnet, with the project expected to attract up  to USD70 billion in investments, create as many as 190,000 direct jobs, and accelerate the country’s push into advanced manufacturing.

Philippines, US eye year-end Pax Silica investment pact

The Philippines and the US are racing to seal a framework agreement for the proposed Pax Silica technology hub in New Clark City before year-end, a move that could unlock one of Southeast Asia's biggest platforms for artificial intelligence, semiconductor, and advanced manufacturing investments.

US pushed Pax Silica as Foxconn looms large

The US is moving to fast-track the proposed Pax Silica initiative, a flagship technology project that the Philippine government believes could unlock hundreds of thousands of jobs and attract multi-billion-dollar investments from global technology giants, including Taiwan's Foxconn.

North property boom builds on Pax Silica optimism

Residential property demand is gathering pace north of Metro Manila, with land values in key Central Luzon growth corridors climbing far faster than in the more established southern market as infrastructure upgrades and industrial investments reshape the country's next housing hotspots.

Germany joins tech alliance, boosting Philippine AI ambitions 

Germany's decision to join the Pax Silica Initiative strengthens the Philippines' push to become a strategic hub for semiconductors, artificial intelligence, and advanced manufacturing, adding one of Europe's industrial powerhouses to a growing coalition reshaping global technology supply chains.

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CIAC delivers best CGC rating in three years

The Clark International Airport Corporation (CIAC) earned a 99.56% rating from the Governance Commission for Government-Owned or -Controlled Corporations (GCG) in its 2025 Performance Scorecard — its best in three years.

Inflation surges to 7.2% in Sept., to test BSP policy

Philippine inflation surged to 7.2 percent in September, matching the pace in April, which is the fastest rate in three-and-a-half years and putting the Bangko Sentral ng Pilipinas under renewed pressure to tighten monetary policy.

Aboitiz Power sells power barges to MORE Power; Visayas supply, reliability to improve

Aboitiz Power Corp. sold two 121-MW power barges to Visayas distributor MORE Electric and Power Corp., completing the transfer last Friday and announcing it Monday. Terms were undisclosed.

AMRO: Philippine rebound hinges on public investment

The Philippines’ economic rebound will depend heavily on how quickly public investment and construction activity recover, with the energy shock and domestic flood-control issues weighing on growth, according to the ASEAN+3 Macroeconomic Research Office (AMRO).

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