Tesla has launched its first store in the Philippines, located in Taguig’s Bonifacio Global City. This marks a significant step in promoting electric vehicles in the region, with the introduction of the Model 3 and a comprehensive Tesla Experience Center.
According to the e-Conomy SEA report, the Philippines leads Southeast Asia as the fastest-growing internet economy. The nation reported a 20% growth in its digital economy, driven by a booming e-commerce sector and favorable government policies.
Tesla’s stock surged over 14% after Donald Trump’s election win, as investors anticipate favorable conditions for Elon Musk’s company. Analysts speculate on policy shifts and market positioning.
The Philippine House of Representatives approved a 25-year franchise renewal for Meralco, amidst debates over its urgency and impact on consumers. The bill, consolidating various proposals, now awaits Senate approval and the President’s signature. Concerns remain regarding electricity rates and the influence of powerful groups in the energy sector.
Amazon is constructing a new 1.7-million-square-foot operations facility in Cleburne, North Texas, expected to create hundreds of jobs and boost the local economy.
Cebu Pacific launches a massive seat sale, offering over 750,000 discounted seats to make travel more affordable for Filipinos. The sale includes domestic and international destinations, reflecting the airline’s effort to enhance accessibility and promote tourism.
The UK Competition and Markets Authority has opened an investigation into Google’s partnership with AI startup Anthropic, focusing on potential market impacts. The inquiry examines Google’s investments in Anthropic amid concerns about competition.
Megawide Construction Corp. has sold its remaining shares in the Mactan-Cebu International Airport for P7.76 billion to Aboitiz InfraCapital. This move is part of Megawide’s strategy to improve liquidity and shift toward property development, enhancing its financial position and strategic focus.
A group of parents criticizes a tobacco company’s ads for promoting vapes as safer. They highlight scientific findings that contradict these claims, urging for stricter regulations.
Cebu Pacific is set to acquire majority ownership of 1Aviation Groundhandling Services through a P113-million debt-to-equity conversion. This strategic move aims to enhance efficiency in groundhandling and logistics for the airline’s operations.