The new investment will cover a new plant, research and development, and staff expansion.
MANILA: Singapore-based Dyson Ltd, the inventor of the bagless vacuum cleaner, plans to invest 11 billion pesos in a new factory in the Philippines, the office of President Ferdinand Marcos Jr said in a statement today.
The announcement came as Marcos was in Singapore where he met with Dyson officials, the statement said. The consumer electronics company made a decision earlier this year to invest further in the Southeast Asian country, where it has a factory producing electrical motors, it said. The new investment will cover a new plant, research and development, staff expansion and software that Dyson will need in the next two years, it said.Marcos said Dyson’s investment will mean job opportunities particularly for Filipino software engineers.
In 2020, Dyson announced a S$4.9 billion global investment plan, with the money to be divided between the company’s global head office in Singapore, its two campuses in Wiltshire, southern England, and the Philippines.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysia’s Zus Coffee To Open Outlet In The PhilippinesThe branch is expected to be open for business starting next Tuesday.
Read more »
'I will win', Boxing legend and Filipino politician Manny Pacquiao aims to fight in 2024 Paris OlympicsMultiple boxing champion and legend Manny Pacquiao reiterated his desire to represent the Philippines in the Paris 2024 Olympics in a bid to fulfill a lifelong dream.
Read more »
Fears more Filipinos may flood Sabah: Former Kota Kinabalu MPLABUAN: While the impending commencement of ferry service between Bongao (Southern Philippines) and Lahad Datu may be good news to the economies of the two ports, Sabah’s security concerns should not be overlooked.
Read more »
US mulls further expansion of Philippine base accessMANILA: The United States may seek access to more military bases in the Philippines under a joint defence agreement between the two countries, the chief of the U.S. Indo-Pacific command said on Thursday.
Read more »
Kim visits military aviation plant in Russia’s Far EastThe meeting between the historic allies has sparked concerns over possible arms agreements.
Read more »
Thailand PM Says He is Against Recreational Use of Cannabis in the Country But is OK With Medical UseThailand’s prime minister said today (15th Sept) he was against the recreational use of cannabis, widely available in the kingdom following its controversial decriminalisation last year. The country removed parts of the marijuana plant from its narcotics list in June 2022 under the former coalition government, fulfilling a longtime pledge of the Bhumjaithai party. The […]
Read more »