Philippines remains world’s most disaster-prone country

Philippines remains world’s most disaster-prone country

The World Risk Index (WRI) 2023 put the Philippines at the number one for the most-disaster-prone country in the world, followed by Indonesia and India.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Philippine exports surpass $100 billion for first time

Philippine exports surpass $100 billion for first time

Philippine exports hit $103.6 billion in 2023, exceeding $100 billion for the first time and a 4.8% increase from 2022, the country's Department of Trade and Industry (DTI) said on Monday.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Philippine environmental groups demand strict limits on mining

Philippine environmental groups demand strict limits on mining

As the Philippines works to ramp up mining to meet global demand for metals during the green energy transition, environmental groups in the country are demanding strict limits to protect nature and land.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Philippines has highest ratio of female senior managers: survey

Philippines has highest ratio of female senior managers: survey

A recent survey by London-based Grant Thornton shows that the Philippines takes the top spot among 28 countries in terms of the percentage of women holding senior management positions.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Philippines aims to train 128,000 semiconductor talents by 2028

Philippines aims to train 128,000 semiconductor talents by 2028

The Philippines set to train 128,000 semiconductor professionals, including engineers and technicians, by 2028, according to President Ferdinand Romualdez Marcos Jr.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam spends $1.4 bln on food delivery in 2023, up 30%: Momentum Works

Vietnam spends $1.4 bln on food delivery in 2023, up 30%: Momentum Works

Food delivery services in Vietnam reached a gross merchandise value (GMV) of $1.4 billion in 2023, up 30% year-on-year, according to Singapore-based market researcher Momentum Works.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam, Philippines aim for $10 bln trade turnover by 2025

Vietnam, Philippines aim for $10 bln trade turnover by 2025

Vietnam and the Philippines have agreed to work out measures to increase their mutual trade to $10 billion by 2025 as the two countries seek to strengthen bilateral ties with the visit of Philippine President Ferdinand Romualdez Marcos Jr.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Philippines seeks collaboration with Vietnam’s VinFast in EV production: President Marcos

Philippines seeks collaboration with Vietnam’s VinFast in EV production: President Marcos

The Philippines “eagerly anticipate collaborating with Vingroup on electric vehicle (EV) production and local mineral processing,” Philippine President Ferdinand Marcos Jr. said on his Facebook on Monday.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Philippine President, Brunei Sultan, Thai PM to visit Vietnam next year

Philippine President, Brunei Sultan, Thai PM to visit Vietnam next year

Philippine President Ferdinand Romualdez Marcos Jr., Sultan of Brunei Hassanal Bolkiah, and Thai Prime Minister Srettha Thavisin have expressed their intentions to visit Vietnam next year.

Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7

Rising rice prices create long-term opportunity for Vietnam: former German Vice Chancellor

Rising rice prices create long-term opportunity for Vietnam: former German Vice Chancellor

Vietnam’s rice production is more efficient - almost double the yield per hectare - than other countries like India, Thailand, and the Philippines. The long-term outlook for Vietnamese rice is great as prices are increasing, said Philipp Rösler, former German Vice Chancellor and member of the board of directors of Loc Troi Group.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam, Philippines push to seal deal on rice trade

Vietnam, Philippines push to seal deal on rice trade

Vietnamese Prime Minister Pham Minh Chinh and Philippine President Ferdinand Romualdez Marcos Jr. have designated relevant ministries and branches of the two nations to support the signing of an intergovernmental agreement on rice trade cooperation.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam among world’s fastest growing emerging markets over decade ahead: S&P Global

Vietnam among world’s fastest growing emerging markets over decade ahead: S&P Global

Vietnam will be among the world’s fastest growing emerging markets over the decade ahead, along with India, Indonesia and Philippines, said S&P Global’s Asia-Pacific chief economist Rajiv Biswas.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam fintech firm MFast grabs $6 mln in Series A funding round

Vietnam fintech firm MFast grabs $6 mln in Series A funding round

Ho Chi Minh City-based fintech firm MFast said Tuesday it has raised $6 million in a Series A funding round which was led by Wavemaker Partners.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Philippines negotiates to buy more Vietnamese rice, boost buffers

Philippines negotiates to buy more Vietnamese rice, boost buffers

The Philippines is in talks to import more rice from Vietnam as it seeks to boost its buffer stock and lower domestic prices, a Philippine official says.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Philippines port management firm launches new service to Vietnam

Philippines port management firm launches new service to Vietnam

Subic Bay International Terminals (SBITC) of the Philippines announced Tuesday that it has launched a new service that expands the Port of Subic’s connectivity to Vietnam and southern China.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Philippine energy giant Acen to take major stake in Thai firm’s Vietnam business

Philippine energy giant Acen to take major stake in Thai firm’s Vietnam business

Acen Corporation, a major energy firm in the Philippines, will acquire a 49% stake in Thailand-based Super Energy Corporation’s solar power business in Vietnam this year for about $165 million.

Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7

One Food Group builds sixth animal feed mill in Vietnam

One Food Group builds sixth animal feed mill in Vietnam

One Food Group Vietnam on Wednesday commenced the construction of a $45-million animal feed mill in the Mekong Delta province of Long An, its sixth facility in the country.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Jollibee exits Vietnamese noodle house Pho 24

Jollibee exits Vietnamese noodle house Pho 24

The Philippines' Jollibee Foods Corp. said it is exiting the Vietnamese noodle chain venture Pho 24 as it has agreed to transfer its assets to Vietnam-based firm East-West Restaurant Concepts.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Thaco ships 300 Peugeot motorbikes to regional markets

Thaco ships 300 Peugeot motorbikes to regional markets

Vietnamese conglomerate Thaco exported a batch of 300 Peugeot Django 150cc motorcycles to the Philippines, Indonesia, Hong Kong, and Cambodia last Friday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese giant Vicem to export 6 mln tons of cement, clinker to the Philippines

Vietnamese giant Vicem to export 6 mln tons of cement, clinker to the Philippines

The Vietnam National Cement Corporation (Vicem), Vietnam's biggest cement producer, has signed deals with two Philippine firms to export six million tons of cement and clinker over a three-year (2023-2025) period.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Philippines to open Vietnam trade, investment center this year

Philippines to open Vietnam trade, investment center this year

The Philippine Trade and Investment Center (PTIC) in Vietnam will open in Ho Chi Minh City this year to enhance bilateral economic ties, Philippine President Ferdinand Marcos Jr. said.

Politics - Mon, Dec 22, 2021 | 11:30 am GMT+7

Foreign firm accountant gets death sentence in $9.6 mln corruption case

Foreign firm accountant gets death sentence in $9.6 mln corruption case

A Dong Thap province court on Friday handed a death sentence to Nguyen Trung Thanh, chief accountant of Filipino-invested Pilmico Vietnam, on corruption charges.

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7

CloudEats to continue SEA expansions with new investment capital

CloudEats to continue SEA expansions with new investment capital

CloudEats, a pioneering cloud kitchen company with a presence in Vietnam and the Philippines, has raised a $7 million Series A extension led by Nordstar Capital to reach more Southeast Asian markets.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

ASEAN-5 to grow faster than China: IMF

ASEAN-5 to grow faster than China: IMF

Five larger economies in Southeast Asia, namely Indonesia, Malaysia, Philippines, Thailand, and Vietnam, will grow faster than China this year and next year, according to the International Monetary Fund's latest projections.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Korean drug kingpin extradited from Vietnam

Korean drug kingpin extradited from Vietnam

A South Korean national considered one of the country's biggest drug traffickers based in Southeast Asia was repatriated from Vietnam on Tuesday, Korean police said.

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam, Philippines go goalless in SEA Games draw

Vietnam, Philippines go goalless in SEA Games draw

Vietnam's second game of the 31st SEA Games against the U23 Philippines ended goalless, despite numerous scoring chances.

Society - Mon, Dec 22, 2021 | 11:30 am GMT+7