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2025-02-12 04:32:58 -

Maharlika, CP Group to launch $1B private equity fund for agri-food, digital, and green energy in the Philippines
The Philippines’ sovereign wealth fund Maharlika Investment Corporation (MIC) and Thai conglomerate Charoen Pokphand Group Co., Ltd. (CP Group) are launching $1 billion private equity fund for agri-food, digital, and green energy in the Philippines. MIC said in a statement on last Saturday that the duo have formalized their strategic partnership at Malacañang Palace, inking a...

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2025-03-20 02:14:44 -

Thailand approves Sunwoda to invest $1B in EV battery cell plants
Thailand’s Commission on the National Competitiveness Enhancement for Targeted Industries, has approved an investment by a unit of China’s Sunwoda Electronic worth more than $1 billion in the production of electric vehicle (EV) and energy storage system (ESS) batteries at the cell level, in a move that will strengthen the country’s supply chain and support EV manufacturing for...

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2025-07-17 01:10:33 -

VinFast advances ecosystem strategy in Philippines’ EV catch-up
With nearly 19,000 electric vehicles sold in 2024, the Philippines is looking to catch up in Southeast Asia’s electric vehicle (EV) race as ecosystem players like VinFast work to overcome hurdles around charging access, maintenance, and affordability. VinFast said in a statement on Tuesday that emerging Asia’s electric vehicle market reached nearly 400,000 sales in 2024, but the...

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