US company investing P11b in Batangas gas import terminal
Texas-based Excelerate Energy LP said Wednesday it is developing the country’s first open access liquefied natural gas import terminal off Batangas Bay with an investment of P11.3 billion ($230 million)......»»
Sy family invests P5 billion in Megawide affiliate
The Sy family is once again playing a big brother role to a company led by businessman Edgar Saavedra, this time investing in Megawide’s affiliate renewable energy real estate investment trust......»»
Water under the bridge
Last year, Razon-led Prime Infrastructure Capital Inc. and Lopez-owned First Gen Corp. said they were in discussions to develop a gas aggregation framework using the latter’s liquified natural gas (LNG) terminal in Batangas......»»
Leviste firm to invest over P5 billion in Batangas
Countryside Investments Holdings Corp., a company owned by Leandro Leviste, is investing over P5 billion to help boost development in rural Batangas......»»
A 97-year-old Philippine company closes down
Sugar refiner Central Azucarera Don Pedro in Nasugbu, Batangas, terminates all its employees, saying 'increased sugar importation' by the government in the past years hurt its operations. Thousands of sugarcane planters and field workers are affected......»»
DMCI Homes putting up 2nd leisure project in Benguet
Following the success of the company’s first leisure property in Batangas, Consunji-led DMCI Homes is developing an eco-agri mountain resort condotel in the town of Tuba, Benguet......»»
AbaCore raises P200 million from asset sale
Listed holding company AbaCore Capital Holdings Inc. has raised P200 million from the sale of another Batangas property......»»
Basic Energy signs MOU for joint development of 50MW Batangas wind project
Basic Energy announced that its board authorized the signing of a memorandum of understanding with Renova Inc., a Japanese renewable energy company, to set the framework toward signing a definitive Joint Development Shareholders’ Agreement for the 50 megawatt Mabini Wind Energy Project......»»
FPIP unveils Kabuhayan CSR program
Lopez-led economic zone operator First Philippine Industrial Park has lined up various community-oriented initiatives to further improve conditions in the cities of Santo Tomas and Tanauan in Batangas and underscore its gratitude to the cities generously hosting the company’s operations.c.....»»
SM opening 85th mall
Integrated property developer SM Prime Holdings Inc. will open its 85th mall in Sto. Tomas, Batangas this week — a development that the company said will boost economic activity in the province. The company informed the stock exchange on Wednesday that SM City Sto. Tomas, boasting 110,000 square meters of gross floor area, serves as its fourth SM Supermall in Batangas Province. “We are delighted to open SM City Sto. Tomas this Friday to add more fun and excitement to the thriving City of Sto. Tomas in Batangas,” SM Prime president Jeffrey C. Lim said. Well-loved brand of service “We are making sure that this newest shopping, dining, and entertainment hub will provide its guests with SM’s well-loved brand of service and convenience that will be beneficial to our fellows in Batangas, most especially this coming holiday season,” he added. SM City Sto. Tomas is located along Maharlika Highway, San Bartolome, Santo Tomas City, Batangas. It is also accessible through the intersection of highways traversing the provinces of Laguna, Batangas and Quezon. SM City Sto. Tomas will open with almost 100 percent of space lease-awarded sharing three levels of shops and brands. It will have an M Cinema with three digital screens, parking zones, and a transport terminal for further convenience to its customers. With SM City Sto. Tomas in its portfolio, SM Prime will have 61 malls in the provincial areas of the country and 24 malls in Metro Manila. The post SM opening 85th mall appeared first on Daily Tribune......»»
Aboitiz Construction kicks off expansion works for Monde Nissin’s bakery plant in Davao City
Aboitiz Construction sealed another project for Monde Nissin Corporation (MNC) which involves the construction of nine ancillary structures and external works for the food company’s expanded bakery plant in Brgy. Ilang, Davao City. This project is poised to improve MNC’s facilities, strengthening their commitment to enhancing food security in the region and providing local job opportunities. For completion next year, Aboitiz Construction will spearhead a wide array of tasks, encompassing earthworks, structural, and architectural works to build the ancillary structures. Simultaneously, the external works include civil works, site development, and the building of roads and drainages. The establishment of the new facilities will help strengthen MNC’s sustainability commitment to making eco-efficiency possible and making better food accessible to their consumers. Integral to this project is Aboitiz Construction's ongoing involvement with MNC in site and foundation works, a contract secured in June 2023. This phase includes various site development activities covering an expansive area of over 18,000 square meters, preparing the ground for the bakery plant's expansion. “We are very thrilled to start a new construction project with Monde Nissin Corporation, one of our valued repeat clients. This collaboration stands as a testament to the trust and confidence they have in our capabilities. As we embark on this journey, we will ensure to bring our expertise, dedication, and teamwork to the forefront once again,” said Aboitiz Construction Vice President for Business Development Construction Levi Agoncillo. True to its commitment to providing jobs for many Filipinos, the team plans to hire nearly 100 skilled workers, with an emphasis on employing local talents. Aboitiz Construction has been enhancing its expertise in light industries. Currently, the company is actively engaged in a land development project for LIMA Estate, covering 72.2 hectares in Batangas, showcasing its commitment to excellence and growth in the construction sector. The post Aboitiz Construction kicks off expansion works for Monde Nissin’s bakery plant in Davao City appeared first on Daily Tribune......»»
SM Prime’s Pico Terraces offers condo living with resort amenities
Pico Terraces is where a leisurely lifestyle comes with breathtaking nature views and endless outdoor fun. Designed to be a “resort within a resort,” Pico Terraces elevates condominium living with plush resort-style amenities, such as the biggest water feature in Pico De Loro Cove—a 500-sqm Cascading Pool that integrates a Family Pool, a Kiddie Pool, a Lounge Pool, and a Lap Pool. Pico Terraces is located in Hamilo Coast, a 40-hectare prime leisure resort and a project of Costa Del Hamilo, Inc., a company under SM Prime Holdings Inc. Tucked into a terrain, it derives much of its charm from an array of awe-inspiring nature views and delightful outdoor and indoor facilities that are unmatched by other leisure properties in Nasugbu, Batangas. Residents of Pico Terraces are granted access to the Pico de Loro Beach and Country Club, with the privilege to explore a diverse range of land- and sea-based recreational activities. Lounging in the elegant cabanas or socializing at the Clubhouse is envisioned as a way of life. The expansive Grand Lawn at Pico Terraces invites homeowners and their guests to immerse in nature’s beauty, while the Kids Play Area helps keep the youngsters happily engaged. The community likewise presents an Outdoor Fitness Area and a Nature Trail for those inclined to indulge in an active lifestyle. Resident families may foster friendly ties with neighbors at the Barbecue Area, where grilling and outdoor dining are available for residents to enjoy. The post SM Prime’s Pico Terraces offers condo living with resort amenities appeared first on Daily Tribune......»»
DoE identifies offshore RE sites
The Department of Energy or DoE has identified nine potential renewable energy, or RE, sites to establish offshore wind ports that can serve as offloading terminals for a more seamless and efficient establishment of offshore wind or OSW facilities in the country. Speaking to reporters at the sidelines of an energy forum hosted by the Nordic Chamber of Commerce of the Philippines on Tuesday, Energy Assistant Secretary Mylene Capongcol said these ports will be developed to become staging areas housing the foundation, turbines, blades, and other materials that will be used in building the OSW structures. Capongcol cited Ilocos Norte, Batangas, Bacolod, Mindoro and Cagayan Valley as among the initial locations where the planned ports will be assembled. The Asian Development Bank will assist in evaluating these sites. “These are just initial identification and these nine ports are based on the project developments. They are initially identified to support and advance project constructions in these areas,” she said. To further uncover the country’s OSW potential, the DoE said “suitably sized and strategically located ports are essential for the storage, assembly, construction and operation of OSW farms.” Potential private sector partner Recently, the state-run Philippine National Oil Company disclosed that it is looking for a potential partner from the private sector to convert its 19-hectare Batangas port into an OSW Power Integration Port. It also tapped the University of the Philippines National Engineering Center to “help us because the decision not to award the contract for the commercial port expansion and shift to an offshore integration port was only last month.” The DoE has been pushing for the development of OSW to ramp up local indigenous supply amid growing demand. Based on the Philippines OSW Roadmap launched in 2022, the country has about 178 gigawatts or GW of OSW potential. OSW contracts awarded To date, the DoE has awarded a total of 79 OSW Contracts with a total potential capacity of 61.931 GW, spread mainly North of Luzon, West of Metro Manila, North and South of Mindoro, Panay, and Guimaras Strait. These, according to Capongcol, are all under the development stage, which includes preliminary wind data gathering, application for endorsements, and request for System Impact Studies. Despite the vast supply available nationwide, the OSW roadmap showed that the tedious permitting process as well as grid assets availability should be resolved. As such, the DoE vowed to enhance the policies on the OSW development, taking into account the streamlining and stricter timeframe outlined in the Energy Virtual One-Stop Shop law on the processing and issuance of licenses and permits by the concerned national and local government entities. The post DoE identifies offshore RE sites appeared first on Daily Tribune......»»
LNG a vital transition fuel, says Aboitiz Power
Industry players and government regulators should harness cost-effective liquefied natural gas or LNG as the so-called "transition fuel" in the near term to gradually displace coal and complement the variability of renewable energy. Speaking at a recent energy forum, Aboitiz Power Corp. Chief Finance Officer Liza Montelibano reiterated that the transition to clean energy should be gradual and well thought out. Otherwise, it will result in higher power prices. Montelibano pointed out that utilizing the present supply of natural gas, which is relatively cleaner than burning coal, to buy time and keep the grid stable while renewable and low-carbon technologies are being developed. “The realistic pace to do transition is underscored by the available technology that allows you to do it reliably and affordably. Given what is available today, we believe what is realistic is a practical and gradual approach that will allow for technology development,” Montelibano said. Locally, the Malampaya project is the only local facility that uses indigenous natural gas to reduce the country's oil imports. It has been powering up to 20 percent of Luzon’s total electricity requirements. It supplies natural gas to power four power generation plants in Batangas with a combined capacity of 2,011 megawatts or MW. Meanwhile, several projects, including First Gen Corp.'s integrated LNG and regasification terminal in Batangas province, are underway to easily bring in low-cost LNG from abroad into the country. The LNG facilities are a significant source of fuel diversification to complement the efforts of the Malampaya consortium to optimize the sustainability of the remaining indigenous gas in the Malampaya-Camago reservoir. The government set the target of a 35 percent share of renewable energy in the country’s energy mix by 2035 and increased it further to 50 percent by 2040. However, it is still notable that despite an aggressive stance on clean energy utilization, the Philippines still heavily relies on coal. AboitizPower, which presently has the largest and most diversified local renewable energy platform in terms of installed capacity under its operational control, aims to support the government's goal by investing P190 billion until 2030 to have a portfolio of 9,200 MW evenly split between renewable energy and thermal sources. Close to 1,000 MW of renewable energy projects — including wind and solar farms and more geothermal capacities — are currently in the company's pipeline. The post LNG a vital transition fuel, says Aboitiz Power appeared first on Daily Tribune......»»
Kris Aquino reiterates split with Mark Leviste; hopes to return to PH soon as health improves
Kris Aquino insisted that she is “not in a relationship” with anyone and she now “feels more peaceful” in the company of her sons Josh and Bimby. Aquino took to her Instagram to reiterate what she said in July that she ended her relationship with Batangas vice governor Mark Leviste because a long-distance relationship would be.....»»
Alpha 400
After months of getting the runaround from investigators, government agencies, and other media outlets that could not comprehend the gravity of the bog they had found themselves mired in, they flocked to DAILY TRIBUNE’s digital show Usapang OFW, mostly from the province of Batangas. They are the so-called Alpha 400, a group of about 200 job-seekers to Italy, and their counterpart Filipino sponsors in that country who claimed they were duped out of their money by the couple Krizelle Respicio and Frederick Dutaro, co-CEOs of an “immigration consultancy” firm. Some said they were forced to sell farmland and other properties to pay 3,000 to 5,000 euros in consultancy fees. That’s as heartless as it gets, taking money from people who have less in life and whose only fault, if it could be called that, was to dream of improving their standing in life, albeit without doing the necessary due diligence, which set them up as “victims” of the alleged scam. The “ties that bind,” to borrow TRIBUNE’s recent headline about the purported massive recruitment racket, were that the sponsors in Italy and the job-seekers, whose visa applications were denied by the Italian Embassy in Manila on account of the bogus “nulla osta” or work permits provided them by Alpha Assistenza, only wanted decent-paying jobs in Italy and to be together. Most of the sponsors and job-seekers were related or were friends, including nine from one clan alone who paid Alpha Assistenza 21,000 euros (roughly P1,259,434) in placement fees exacted by a company that had no business recruiting because it was registered neither in the Philippines nor Italy. Jeffrey Villalon, Alpha Assistenza’s marketing manager on paper who cobbled together its clickbait website that redirected visa queries to chat groups moderated by Respicio, came to TRIBUNE one night to disassociate himself from Respicio, saying he was a victim like the others. He said Respicio promised to bring him back to Italy at no cost so he could be with his two children. “There are two sets of victims here,” Villalon told this writer, “the sponsors and the job-seekers they endorsed to Alpha.” The sponsors, he said, may have jeopardized their own stay in Italy as the Italian police and prosecutors are now investigating the matter. He explained that the sponsors might be held liable for endorsing job-seekers who were, unknown to them, provided fake nulla osta by Alpha Assistenza. If his name “had not been dragged into the mud” for setting up the website and being given by Respicio that grand “marketing manager” title, Villalon said, he would find funny the ribbing he has gotten from friends who said he had worked in Italy in the past only to fall for this scam. Decades back, Villalon said he paid roughly P1 million to be able to work in Italy. Thus, he thought the fees being collected by Alpha Assistenza were reasonable if the firm successfully facilitated the entry and work in Italy of job-seekers. As it turned out, he said, the fees collected were at a price point within the financial reach of either the sponsors or the job-seekers. Alpha Assistenza went “cheap” because it wanted volume — better to have many applicants than a few who could pay the P1 million charged in the past. Maybe it was money for nothing for the consultants whom the Italian Embassy dubbed “predators,” but it was money from the blood, sweat, and tears of the victims. The Italian Embassy said the victims may not be totally faultless as it asked whether “all those who were allegedly defrauded had acted with integrity and in an unquestionable manner.” Further, it said, “Regrettably, the attempt to find an alternative route that would allow them to obtain what they wished for by circumventing the system bears the risk of being exposed to such scams.” It then pointed out that a quick internet search could have helped the victims see the many red flags apparent in Alpha Assistenza’s modus operandi. In a nutshell, the caveat here of the embassy is that those who choose to sup with the devil risk getting burned. The post Alpha 400 appeared first on Daily Tribune......»»
Batangas offshore wind port eyed
As part of its drive to become a strategic power industry player, state-run Philippine National Oil Company or PNOC targets to convert its 19-hectare Batangas port into an Offshore Wind or OSW Power Integration Port. At a recent budget hearing of the Senate sub-finance committee last week, PNOC president Oliver Butalid said the company is currently looking for a potential partner from the private sector to complete the proposed venture. "We are exploring going into a joint venture with a port developer, and we are discussing now with the Public-Private Partnership Center. This is going to be a dedicated integration port for OSW. I think it is responding to the need rather than perceived to be changing direction," Butalid said. He noted that PNOC has also tapped the University of the Philippines National Engineering Center to "help us because the decision not to award the contract for the commercial port expansion and shift to an offshore integration port was only last month." Meanwhile, Senator Sherwin Gatchalia, vice-chairman of the Senate Committee on Energy, said that PNOC should ensure that the project would be feasible to justify using taxpayers' money for the undertaking. "I respect your corporate decision, but then I will be looking at what you have achieved after one year (because I )am accountable to our constituents on the money that is being spent on all these projects," the senator said. PNOC's proposed corporate budget for 2024 stands at P1.96 billion, 86 percent higher than this year's allocation, and 60 percent of which will be earmarked for the port project. Last year, PNOC remitted close to P1.7 billion pesos in dividends and about P1.2 billion in taxes to the government. Since 2010, the company has remitted a total of P21.12 billion to the national coffers. For PNOC, significantly investing in the Batangas facility will bankroll its conversion into becoming a dedicated OSW integration port from being just a general commercial port. The Department of Energy or DoE has been pushing for the development of OSW to ramp up local indigenous supply amid growing demand. As such, it vowed to enhance the policies on the development of offshore wind, taking into account the streamlining and stricter timeframe outlined in the Energy Virtual One-Stop Shop law on the processing and issuance of licenses and permits by the concerned national and local government entities. The Philippines OSW Roadmap launched last year showcases the country's potential OSW resources estimated at 178 GW. As of 22 June, the DOE has awarded 66 OSW Contracts with a total potential capacity of 53.85 gigawatts — enough to supply the country's future electricity demand. The post Batangas offshore wind port eyed appeared first on Daily Tribune......»»
Prime venture lights up households’ hopes
Giving Filipino families comfort in their abodes plainly is not possible without adequate electricity — a situation that Solar Tanauan Corp., a subsidiary of Prime Infrastructure Capital Inc. led by businessman Enrique K. Razon Jr., hopes to immediately address. The renewable energy company is integrating advanced project design and execution tools into its solar plant developments in the provinces of Batangas and Cavite as part of its drive to augment affordable and clean energy supply in the country. Digital twin technology Solar Tanauan utilizes digital twin technology, drone verification of progress, optimized string sizing, and 24/7 quality assurance/quality control monitoring both at the factory and at the site. It has also conducted a Front End Engineering Design to streamline the procurement and construction phases, packaged contracting, and owner-supplied materials. These technologies allow each party to focus on their specialties, optimize risk allocation, and use software for simplifying complex earthwork assessment for terrain-following layouts. “We are proud to have the most advanced execution technology and strategy for a solar power project here in the Philippines. This is a testament to Prime Infra’s approach in deploying renewable energy projects and reaffirms our commitment to pioneer innovative solutions towards a clean energy future,” Prime Infra President and CEO Guillaume Lucci said in a statement sent to the press on Friday. Solar plants commissioned by yearend Prime Infra previously said it expects to start commissioning its 140-megawatt solar power plants in Tanauan, Batangas and Maragondon, Cavite by the end of the year. The company kicked off the construction of the plants in April. The projects are estimated to have an annual generation capacity of 202 gigawatt-hours — enough to power up over 84,000 households and displace over 100,000 tons of coal annually. The Tanauan and Maragondon solar power plants will have an installed gross capacity of up to 140 megawatts. Total annual generation capacity is estimated to power over 84,000 households and displace over 100,000 tons of coal per year. Once running, the projects will also support the national government’s bid to increase the share of renewable energy in the country’s total energy mix to 35 percent by 2030 and 50 percent by 2040. Last year, renewable energy only took up 22.8 percent of the total mix. By then, Filipino families would benefit through a steady supply of electricity at lower cost. The post Prime venture lights up households’ hopes appeared first on Daily Tribune......»»
BoI endorses P19-B SteelAsia steel mill
The Board of Investments has endorsed the P19.3-billion Batangas steel mill project of SteelAsia Lemery Works Inc. in Lemery, Batangas to the green lane to expedite the processing and issuance of permits and licenses as a strategic investment. In a statement on Thursday, the BoI said it endorsed the 500,000 metric tons, or MT, section mill project, through Executive Order 18 for green lane priority. The project is scheduled to start its operation in July 2024, employing 600 personnel and workers from the local town and nearby areas. BoI Governor Marjorie Ramos-Samaniego with Executive Director Bobby Fondevilla and Director Ernesto delos Reyes Jr. led the awarding of the Green Lane Certificate of Endorsement to the officials of SteelAsia on 15 September 2023. Ramos-Samaniego added that through the faster process, BoI, in collaboration with the Department of Information and Communications Technology, will come up with an online portal for Green Lane’s facilitation of strategic investments. The project is the greenfield design, erection, and commissioning of the Philippines’ first sections of production, a state-of-the-art hot-rolling production line with an upstream integrated recycling-based steelmaking. The Philippines ranked 20th among top steel importers globally, due to the lack of steel manufacturers. Imports from China In 2022 alone, the Philippines imported about $5.23 billion worth of steel, $2.18 billion of which was imported from China. Local steel manufacturing is deemed insufficient to address the growing demand for the product, especially with the increasing consumption of sections from both infrastructure projects and private developments. “Green Lane will be very helpful to the company. We consider it as a “win” for the country and we will convert this privilege into action,” said Benjamin Yao, chairperson and CEO of SteelAsia, noting that his company commits to supporting the goals of the nation of developing more infrastructure projects. SteelAsia’s project has an import-substitution strategy targeting the large and fast-growing domestic market for the sale of the mills’ output. The plant will manufacture using electric arc furnace technology to refine steel which will be used to hot-roll steel sections such as H-beams, I-beams, I-channels, and unequal leg angle bars. The presence of local manufacturers aims to lower the cost of construction, shorten construction periods, and further spur growth in domestic construction. It will also give rise to ancillary industries, such as structural steel services including design, engineering, and built-up steel structures. The post BoI endorses P19-B SteelAsia steel mill appeared first on Daily Tribune......»»
Solar power to energize Pueblo de Oro developments
Pueblo De Oro Development Corporation, the property development arm of the ICCP Group, is walking the sustainability talk by installing solar panel systems to energize buildings in its projects. A pioneer of “green living” in the Philippines, Pueblo de Oro has consistently integrated environmental programs in its developments in Cagayan de Oro, Cebu, Pampanga and Batangas. This includes flood control measures, erosion mitigation measures, recycling programs, generous open spaces and nature reserves, all designed to make communities more environmentally resilient. The developer has recently begun to harness renewable energy in its projects to make its site operations even more sustainable. [caption id="attachment_185486" align="aligncenter" width="525"] Solar panels at Pueblo de Oro Townsquare in Cebu.[/caption] Pueblo de Oro Golf & Country Club in Cagayan de Oro has installed solar panels in its Bag Drop Building, resulting to approximately 12 percent savings in monthly electricity consumption for the Club. In Cebu, Pueblo de Oro installed another rooftop solar system at Pueblo de Oro Townsquare, a three-level commercial strip located in Babag 2, Lapu-Lapu City. The system powers the administration office located in the retail center and is projected to reduce the office’s monthly electricity cost by approximately 46 percent. These initial rooftop solar panel set-ups are estimated to reduce carbon dioxide emissions by a combined 2,128 kilograms per year, equivalent to 97 trees planted and grown. On average, a mature tree can absorb and sequester approximately 22 kilograms of CO2 per year. “We will continue to tap into innovative practices and technologies, such as renewable energy, and expand its use in our day-to-day operations to make our developments more sustainable and environmentally friendly,” said Pueblo de Oro officials. In addition to the rooftop solar panels, the developer has also installed solar-powered streetlights in its various project sites. A total of 720 streetlight fixtures, ranging from 100 to 200 watts, were set up in Cagayan de Oro; Mactan, Cebu; Santo Tomas, Batangas; and San Fernando, Pampanga. Running at an average of 10 hours a day, the installed solar streetlights represent savings of over 320,000 kWh of grid-supplied electricity, or a reduction of CO2 emissions of approximately 154,787 kg per year, equivalent to over 7,000 trees planted and grown. In its Townscapes Malvar township in Batangas, the company is planning to utilize electric vehicles to service the community and potentially integrate them into the public transport network of the province. Meanwhile, Pueblo de Oro’s house design at Townscapes Malvar has secured a preliminary certification from EDGE, an internationally recognized green building certification system. EDGE reported that the purposeful and innovative design resulted in improvements of 20 percent in energy efficiency, 52 percent in water efficiency and a high 72 percent in embodied energy in materials used compared to a typical housing unit. For the homeowner, these translate to an estimated energy savings of 623.2 kWh per housing unit per year, or over P7,700 per year (estimated at current rates). It also means savings of 63 cubic meters of water per household per year. The post Solar power to energize Pueblo de Oro developments appeared first on Daily Tribune......»»
Dyson commits P11-B investment by 2024
Singapore-based multinational technology firm Dyson pledged to invest about P11 billion in the Philippines which is expected to generate more than 1,000 jobs by 2024. This was after President Ferdinand Marcos Jr. had a meeting with the Dyson executive officials and confirmed the investment pledge from the company for the next two years, Presidential Communications Office Secretary Cheloy Garafil said in a statement. Garafil said the investment plan would be used for the establishment of a new factory and a new research and development center in the Philippines, including the expansion of the company’s staff, software, and other services. She also cited that Dyson emphasized that their investment would generate around 1,250 employees and “would move more contract manufacturing into the Philippines by the middle of 2024, or the second or third quarter of the year.” Marcos welcomed Dyson’s interest in investing in the Philippines. “So, well, let’s see with all those that we have, that we can do,” the President said, adding that “this will be very interesting” for the Philippines and the Filipino people. Marcos emphasized that their investment would mean hiring more software engineers and other engineering graduates. For their part, Dyson officials told Marcos that they are very proud to be in the Philippines already as “they emphasized that they have a significant number of operations in the country.” Dyson only has a factory in the Philippines to produce its electrical motors to date. Garafil said Dyson decided three or four months ago to expand its operations in the country. In a news release on its website in May, Dyson noted that the Philippines Technology Centre, representing an investment of P11 billion, will span the equivalent of 92 basketball courts, and will bring together Dyson’s research, development, and advanced motor manufacturing capabilities under one roof, to be located in City of Sto. Tomas, Batangas, and scheduled to be operational by the first half of 2024. “It is thought to be one of the largest investments, and most advanced technology manufacturing centers, in the country and underscores the growing importance of the Philippines in Dyson’s global ambitions,” the company said. Dyson R&D (research and development) teams in the Philippines will be focused on software, AI, robotics, fluid dynamics, and hardware electronics, the company said. The post Dyson commits P11-B investment by 2024 appeared first on Daily Tribune......»»