By Rose de la Cruz A landmark digital infrastructure is set to rise in Tarlac after the Bases Conversion and Development Authority (BCDA) signed an agreement with the provincial government to lease a 52-hectare land that would house a 300-megawatt hyperscale data center. The data center, which will occupy 47 hectares of land space, will be built by Narra Technology …
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By Rose de la Cruz From just P8.9 billion for the original cost of constructing the new Senate building at the Bonifacio Global City in Taguig, the current adjusted cost has leapt to P23 billion, which new Senate President Francis Escudero found atrocious and bad taste for the people. He suspended the construction over concerns of the cost that nearly …
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By Rose de la Cruz The closure of the 100-hectare sanitary landfill inside the New Clark City in Capas town would take place only in October, as such local governments have ample time to prepare and orient themselves to the new reality that the landfill they have grown used to would not be there after October. A new landfill has …
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By Rose de la Cruz The International Monetary Fund cut its growth forecast for the Philippines to 6 percent in 2024 (still within the government’s target of 6 to 7 percent) from its April forecast of 6.2 percent. “Growth is expected to rebound to 6% in 2024 and 6.2% in 2025, on the back of stronger consumption demand, higher public …
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Stratpoint Technologies, enabler of digital transformation through software, quality assurance, Cloud, data, and AI, is pleased to announce the appointment of Zayd Tolentino as its new Chief Technology Officer (CTO). With a career spanning 15 years, Zayd brings not only tech expertise to the table but also a wealth of experience in digital transformation across startups and enterprises in various …
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BDO Unibank, Inc. (BDO) continues to help drive economic progress through strategic investments in the development of critical infrastructure, particularly in mass transportation and energy sectors. Recognizing the pivotal role of robust infrastructure in enticing foreign investors, BDO cultivates key partnerships aimed at bolstering domestic mobility through expressways, roads, bridges, and enhancing international and domestic connectivity through airport rehabilitation and …
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Land Bank of the Philippines (LANDBANK) has extended a P10-billion rediscounting line to support the Philippine Army Finance Center Producers Integrated Cooperative (PAFCPIC) and its members serving in the Armed Forces of the Philippines (AFP). The state-run Bank expanded the Cooperative’s previous P8 billion credit line to P10 billion to sufficiently augment working capital and enable PAFCPIC to better serve …
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Seres Auto, the newest Chinese car brand to hit the Philippine market that promises to introduce intelligent luxury electric vehicles (EVs) which combine innovation, sustainability, and unparalleled driving experiences, was formally introduced by the QSJ Motors Philippines in a grand celebration recently at the Okada Hotel & Casino. Established in 1986 with a workforce of over 20,000 and among China’s …
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Cleanfuel added another station to its growing number of stores selling “quality fuel for less” when it opened the spanking clean Santa Maria, Bulacan branch last week. Aside from the less expensive fuels being sold by Cleanfuel, the newest station is now equipped with the solar roof that generates power on its own to supply the everyday energy needs of …
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MG Philippines officially launched two of its “game-changer” vehicles – the G50 Plus and the MG3 – during a media launch held at the Blackbird Restaurant last week in Makati. The G50 Plus is the brand’s new strong entry in the highly competitive MPV market while the highly-awaited MG3, entering the B-segment hatchback category with a competitive price and a …
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The Market Monitor Minding the Nation's Business