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...
The Philippines business leaders have joined the clamor of foreign firms for the full lifting of foreign equity restriction in public services sector, particularly transportation, telecommunication and power generation. Major Filipino business groups – Philippine Chamber of Commerce and Industry, Philippine Exporters Confederation, Employers Confederation of the Philippines, Supply Chain Management...
PLDT Inc., the Philippines' biggest telecommunications and digital services provider by market value, is considering selling its local towers in a deal that could be worth about $800 million, according to people with knowledge of the matter. The Makati-based company is working with an adviser on the planned disposal, said...
Paris Baguette Philippines Inc. has announced a significant development in partnership with Berjaya Food (International) Sdn. Bhd., a subsidiary of Berjaya Food Berhad (BFood), and Middle Trade Inc., along with Paris Baguette Singapore. The collaboration aims to introduce the renowned South Korean café bakery brand to the local market. The...
It is almost certain that when we talk about financial technology (fintech) development in Asia-Pacific, the focus usually shifts on China or even India to some extent. These large economies tends to overshadow Southeast Asia potential. But, it might not be the case for long. Southeast Asia is emerging as...
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...
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...
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...
  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...
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...
Paywatch, a prominent provider of Earned Wage Access (EWA) solutions, has recently entered the Philippine market, marking its third venture in Asia and second in Southeast Asia. The company, established in 2020 and backed by banks and regulators, is committed to enhancing financial inclusivity and empowering workers across the...
In the ever-evolving landscape of SMEs, fund sufficiency continues to pose a significant challenge, especially in emerging markets. Acknowledging this issue, 917Ventures's loan aggregator, FundSpace, has emerged as a vital digital solution, providing SMEs and local entrepreneurs in the Philippines with a user-friendly platform to bridge the financing gap. Martin...

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