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Foxconn among 20-plus firms interested in Clark AI Innovation Hub under Pax Silica

More than 20 companies, including the world’s largest electronics manufacturer, Foxconn, have expressed interest in investing in the proposed 4,000-hectare AI Innovation Hub in...

Chelsea Group hits record PHP9.016 B revenue in 2025; EBITDA surges 55%

Chelsea Logistics and Infrastructure Holdings Corp. announced a record-breaking PHP9.016 billion in revenue for 2025, a 13 percent year-on-year increase. In a disclosure to the...

Germany considering participation in Luzon Economic Corridor partnership

Germany is considering joining the Luzon Economic Corridor (LEC) partnership, which now includes 10 countries, among them five European Union members. “We are still considering,”...

Lorenzo Shipping stops active shipping operation to focus on asset leasing   

Lorenzo Shipping Corp. (LSC), one of the country’s leading liner shipping companies, said it will cease active shipping operations and instead lease its assets...

BOC sets three-year broker registration validity to ensure accountability and improve trade processing

To strengthen regulatory oversight and ensure that only legitimate and compliant practitioners engage in customs transactions, the Bureau of Customs (BOC), led by Commissioner...

Green GSM partners with 75 PH transport groups to deploy over 18,000 VinFast EVs

Green GSM, the electric mobility and ride-hailing arm of Vietnamese EV maker VinFast, has partnered with 75 transport companies and cooperatives in the Philippines...

Toyota PH net income falls 16% in Q1 on slower vehicle sales

Toyota Motor Philippines Corporation (TMP), the country’s leading car company, reported a net income of PHP5.3 billion in the first quarter of 2026, down...

Food group says PH’s nutrient profile model could disrupt supply chains, cites economic implications and poor timing

Food Industry Asia (FIA), a non-profit association representing major food and beverage manufacturers and ingredient suppliers in the region, has urged the government to...

Global shipping rates surge 12% as geopolitical tensions and surcharges tighten container capacity

The Drewry World Container Index (WCI) surged 12% this week to $2,553 per 40ft container, driven by sharp freight rate increases across major Transpacific...

Congress urged to act on pending bills seeking to develop defense manufacturing industries, MROs, logistics

Congress is being urged to get its act together on pending measures seeking the creation of defense economic zones, which are seen as key...

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