A report by the Wall Street Journal on Monday (Aug 2) claims that the highly contagious Delta variant is stalling Asia's economic recovery after an early rebound.
The report said that adding to rising COVID-19 cases, slow progress on vaccinations has begun to paralyze the region that had, until recently,...
The Philippines and Singapore have signed an agreement that aims to support the financial education and digitization of Filipino SMEs.
The memorandum of understanding was signed by Monetary Authority of Singapore (MAS) chief fintech officer Sopnendu Mohanty and Department of Trade and Industry-Philippines Trade Training Center executive director Nelly Dillera...
As Philippines struggles with elevated Covid cases, the Philippine central bank is expected to keep its benchmark interest rate at a record low on Thursday (Aug 12).
According to analysts surveyed by Bloomberg, key rates will be left unchanged at 2%. The central bank has also pledged to keep policy...
Prime Global Finance Corporation (PGFC) — one of the first private lending companies of its type in The Philippines — has recently launched its fully automated and digital loan application process for its clients.
PGFC started primarily to support vendors and suppliers who were doing business with the Hortaleza Group...
WeWork, a global space provider, has launched WeWork Growth Campus, a new initiative aimed at boosting Southeast Asia’s entrepreneurial startup ecosystem.
While Southeast Asia has seen some scale-ups rise to new heights during the pandemic, COVID-19 has presented a huge challenge for startups and the community that supports them. With...
Mastercard and Atome have partnered to launch the Atome Card in the Philippines, offering Filipino consumers a new way to pay with credit by providing cardholders with an Atome line of credit that can be used to pay retailers simply by presenting their Atome Cards during check-out.
Among the features...
The International Monetary Fund (IMF) gave the Philippines $2.8 billion (P139.4 billion) worth of special drawing rights (SDRs), boosting the country's foreign exchange buffer and adding a funding source for COVID-19 expenses.
The allocation is part of the IMF's $650 billion in SDRs, the largest distribution made in the multilateral lender's...
OPINION
I've been grappling for a long time what it means to be a unicorn.
Or to have unicorns among us.
That seems to be an obsession among entrepreneurs, especially within the startup community. Unfortunately the obsession has also spread to our policymakers - many of whom have never run any business...
Fintech and e-commerce companies in Southeast Asia are raising hefty amounts of capital as global investors bet on post-pandemic technology plays, bankers and investors said, a trend that is also stoking concerns about frothy valuations.
Public equity capital raising by Southeast Asian firms has surged to a four-year high of...
Provenir, a provider of data and AI-powered risk decision-making software for fintech companies and financial services providers, has announced a strategic partnership with Investree Philippines, the country's first crowdfunding intermediary and funding platform.
This partnership will allow Investree to integrate Provenir’s data, decision making and AI capabilities to provide accessible...
Grab is launching an online supermarket in the Philippines as it tries to move beyond meal deliveries and ride-hailing to boost revenue.
Consumers in Metro Manila area, with a population of more than 13 million, will be able to order vegetables, meat, seafood and other groceries via the Grab app...
Capital A has joined forces with UnionDigital Bank, the digital bank subsidiary of Union Bank of the Philippines, to collaborate with three key subsidiaries - AirAsia, airasia Superapp, and BigPay.
This partnership was announced at the APEC Business Advisory Council (ABAC) meeting press conference in Cebu, attended by industry leaders...
