Philippines Tender and Business News

Axentel Technologies Purchased By Park Place Technologies

Ohio-based Park Place Technologies, a provider of storage and server support, is acquiring Axentel Technologies, a provider of IT hardware maintenance lifecycle solutions located in Singapore, Malaysia, Hong Kong and the Philippines.

ADB Provides $380M Loan to Rebuild Road Infrastructure in Mindanao

The Manila-based Asian Development Bank’s (ADB) Board of Directors has approved a $380 million loan to help the Philippine government strengthen the road network and spur economic development in Mindanao, the country’s second largest island with about 20 million people.

Vanuatu Receives Grant for Volcano Disaster Response

The Asian Development Bank (ADB), a regional development bank headquartered in the Philippines, has awarded a $200,000 grant to the Pacific island nation of Vanuatu in the wake of volcanic eruptions on Ambae Island, Penama province.

Mitsubishi to Supply Rolling Stock for the Manila Light Rail Transit Line-1

The Philippine Department of Transportation has selected Mitsubishi Corporation to supply the new rolling stock for the Manila Light Rail Transit (LRT) Line-1. Equally important is that the contract amount of ~30 billion yen has been funded under a Japanese ODA Loan Agreement signed between the governments of the Philippines and Japan.

RADCOM Announces 3-year Contract Extension with Globe Telecom

RADCOM Ltd., a telecommunications company headquartered in Israel, announced a 3-year contract extension with Globe Telecom – the major CSP in the Philippines, to provide service assurance for their mobile network, and assure their future transformation to NFV (Network Functions Virtualization).

TradeGecko Opens New Office in Toronto

Singapore-based TradeGecko, a provider of inventory and order management solutions, just opened their downtown Toronto office as a new base of operations within North America.

The AsiaBizNews Rolling Trade Show Calendar

The latest three-month rolling trade show calendar from AsiaBizNews.net, covering events running through January 2018, is below. With topics from Digital Media, Fabrics and Fabric technology, the ASEAN Solar + Energy Storage Congress & Expo, television and film, shipbuilding, food tech, and industry automation, there is much happening in this fast-growing region.

Asian Development Bank Commits $5B to CAREC 2030 Agenda

During the 16th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference held on October 27 in Dushanbe, Tajikistan, Asian Development Bank (ADB) President Takehiko Nakao committed over $5 billion to supporting the CAREC 2030 agenda over the next five years.

Startup Energo Labs Uses Unique Microgrid Tech to Electrify Rural Areas

A unique combination of power distribution microgrids and blockchain technology is the core of Shanghai-based startup Energo Labs' (www.energolabs.com) concept to decentralize energy production and consumption. It is currently in advanced testing in several sites in the Philippines.

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