At least US$1.53 billion, or an estimated P86 billion, worth of business agreements were signed between the Philippines and Australian companies at the sidelines of the Association of Southeast Asian Nations (Asean-Australia Special Summit in Melbourne, Trade Secretary Alfredo Pascual said yesterday.
Pascual, at the Philippine Business Forum organized by the Department of Trade and Industry said these 12 business deals include 10 memorandum of understanding (MOU) between Filipino and Australian business leaders and two letters of intent (LOIs) from Australian business leaders who intend to invest in the Philippines
The agreements are in renewable energy, waste-to-energy technology, organic recycling technology, countryside housing, data centers, manufacture of health technology solutions, digital health services, among others.
The Bases Conversion and Development Authority (BCDA) signed four accords with Australian companies on several projects.
BCDA and the Poro Point Management Corp, signed an MOU with Kaisan PTY Ltd. for the development, design, construction, commissioning and funding of a 303 Tier-3 Data Center with a capacity of 30MW-40MW in a 16-hectare are within the Poro Point Freeport Zone in La Union.
BCDA also signed an agreement with Energy Decarb PTY Ltd. for the expansion of next-generation battery manufacturing in the Philippines.
BCDA signed two deals with Decarb PTY Ltd.
One is on the deployment of decarbonization solutions comprising orchestration of renewable energy, storage, and e-mobility to New Clark City Stadium and other BCDA sites to reduce energy costs, reliance on grid power, improve sustainability and achieve progress on decarbonization journey.
The other is a collaborative partnership for Development of an Electric Transportation Framework throughout the properties associated with BCDA.
Kaisan Pty Ltd had a separate MOU with Department of Human Settlements and Urban Development in support of the Pambansang Pabahay Para sa Pilipino Program or 4PH countryside housing initiatives. T
The project will provide 500,000 housing units in the next five years to identified beneficiaries of local government units and national government agencies through the Pag-IBIG Fund and seen contributing to the government’s housing program to provide housing for over 6 million Filipino families by 2028.
Southern Infrastructure Pty Ltd, through a letter of intent (LOI), signified signify a strong interest for the development of a biomass fuel simple heigh temperature gas coal power plant with a 40-megawatt base load power to deliver a safe, sustainable, affordable, carbon neutral green-based load in the Philippines.
Another MOU involving Australian-Philippine entities Paco Industries PTY limited, FP Paradigm PTY Ltd, Pristine Sustainable Plastics Philippines Inc. and University of New South Wales aims to
accelerate closing the loop on plastic waste for the betterment of the environment, communities and people while solving one of the greatest global challenges in plastic recycling.
The eighth agreement, an MOU, was signed between Ayala-owned between Integrated Micro Electronics Inc. and RRR Manufacturing PTY Ltd covering the manufacture of portable, affordable and accessible automated external defibrillator solutions branded as CellAED.
Jeremiah Drug Inc. and RRR Manufacturing Ltd meanwhile signed an MOU for the distribution of portable, affordable and accessible automated external defibrillator solutions branded as CellAED. Jeremiah Drug will be responsible for the distribution of the products in the Philippines as well as exports to the Asean market.)
Through an LOI, Medgate (Asia) Holdings Pty Ltd signified its interest for the development of digital health services with a particular focus on artificial intelligence and machine learning to improve healthcare availability in the Philippines with a particular focus on tuberculosis and other respiratory illness.
The National Development Co. signed an MOU with two companies: One with Cyclion Holdings PTY Ltd for the transfer of its waste to energy technology to the Philippines that converts biowaste to green fuel and the other with Murdoch University for the establishment of a globally recognized institute in the Philippines, focused on developing a robust biosecurity supply chains across Southeast Asia that will deliver significant economic and environmental social benefits for the region.