Now that a Manila court has denied a temporary restraining order blocking the company, China Telecom has become the second foreign company to buy bid documents to become what is being referred to as the ‘third player’ in the country’s telecommunications mix.
Philippines Tender and Business News
Indonesia will shortly be receiving $3 million in grant assistance from the Asian Development Bank (ADB) to support earthquake and tsunami relief efforts in Central Sulawesi.
Singapore-based Grab, a taxi aggregator and major provider of ride-sharing services similar to Uber in Southeast Asia, is expected soon to close on a deal with Japan’s SoftBank for another $500 million in capital.
A new Asian Development Bank (ADB) report says strong domestic demand, buoyant oil and gas prices, and India's consolidation of growth investments are contributing to stable growth throughout the region.
As the latest Typhoon Trami crashes through Japan with winds up to 134 mph and Indonesia deals with the aftermath of a 7.5 magnitude earthquake from last week, APEC has issued its own emergency call for more effective means of handling climate-driven and other natural catastrophes in the region.
Bangladesh's Fourth Primary Education Development Program, a key to providing quality education to all children from pre-primary to grade 5, just received word it will be receiving a $500 million loan from the Manila-based Asian Development Bank (ADB).
Hoping to attract international attention, a Philippine human rights commission held hearings in New York City this week to address if oil companies have violated human rights by contributing to climate change.
The ancient Chinese city of Xi'an, which was host city for the 7th APEC E-Commerce Business Alliance Forum, was a showcase for a unique approach to fighting poverty using e-commerce. The learning here are about to roll out across the rest of APEC as a means of fighting poverty throughout the region.
While detailed requirements for it are still being drawn up, the state-run Philippine National Oil Co. (PNOC)’s proposed liquefied natural gas (LNG) facility has drawn strong interest from some of the biggest players in the business.
With an eye to the growing importance of urban development especially in Southeast Asia's emerging economies, Mitsubishi Corporation (MC) and Surbana Jurong (SJ), a wholly-owned subsidiary of Temasek Holdings, a Singapore government affiliated investment company, have formed a joint venture targeting acquisition of $2.5 billion in urban development projects in Asia.
As Super Typhoon Mangkhut crosses open seas from the Philippines and heads toward landfall, Chinese authorities are working to protect two power plants directly in the path of the storm.
Super typhoon Mangkhut, projected to hit the Philippines by the morning of September 15 as a Category 5 hurricane with maximum sustained winds of 167 mph, will be the strongest storm to hit the Philippines this year and even bigger than 2013’s Super Typhoon Haiyan, which killed over 6,000.
The Asian Development Bank (ADB) has designated digital technology transformation as one of its key pillars for funding and international development. It is also launching major digital initiatives within the multilateral bank itself.
The corporation which will likely manage building the upcoming P736 billion (US $38 billion) New Manila International Airport in Bulacan, Philippines, says it will produce one million jobs while it is under construction.
The Philippines' efforts to strengthen private sector involvement in the government's "Build, Build, Build" (BBB) infrastructure development program just received a major boost from the Asian Development Bank (ADB).
South Korea's KT Corporation, the country's largest telecommunications company, just won a 53 billion won (US $47 million) contract to build an optical fiber network along 1,570 kilometers (975 miles) of main roads in the northern region of Luzon.
On August 13, the Incheon Youth Declaration on the Future of Work was launched in Korea by over 400 youth representatives from Asia and the Pacific.
Thanks to a concerted coordinated effort by APEC member economies, the challenge of doing business in the Asia-Pacific region has improved significantly in the past two years.
Financial Supervisory Service of Korea (FSS) Governor Mr. Suk Heun Yoon and Asian Development Bank (ADB) President Mr. Takehiko Nakao, along with FSS International Cooperation Department (ICD) Director Mr. Se Hee Lim met on August 6 in Manila to discuss financial services for underserved communities.
Bangladesh was just approved for a financial assistance package of over $357 million by the Asian Development Bank (ADB)'s Board of Directors, for a project to develop two power lines in support of Bangladesh's national electricity targets for the entire country in 2021.
TUV Rheinland's Philippines Laboratory was just accepted to operate in the IECEE CB Scheme (IEC System of Conformity Assessment Schemes for Electrotechnical Equipment and Components) under the responsibility of the National Certification Body (NCB) TUV Rheinland Japan Ltd.
The People's Republic of China (PRC)'s Minnsheng Financial Leasing Co. Ltd. (MFL) has been awarded a $400 million financing package from the Asian Development Bank, to help with a roll out of environmentally-friendly buses -- with a side goal of helping to promote green public transport in the PRC.
Three years ago the 2030 Agenda for Sustainable Development was set, along with specific goals. As of now, the Asia Pacific region is only on track for just one goal, unlikely for quite a few others, and going in the opposite direction for others -- most seriously regarding inequality.
For most of history all populations in the world grew with more children compared to the adult populations. Now Asia is facing a crisis because of the presence of less children and a higher percentage of adults. Representatives across the region gathered June 12-13 in Mongolia to discuss the issue.
The Government of Bangladesh has been approved for a grant of $100 million from the Asian Development Bank (ADB) to help the country develop basic infrastructure and services for displaced persons and refugees.