Highlights of 2015 included telco PLDT as well as Kickstart each launching a $50m investment fund. Patterned after tech hub districts – Block 71 in Singapore, and MaGIC in Malaysia – Philippines’ Innovation Hub was launched last year.
By Tomas S. Noda III
PLDT Capital managing director Winston Damarillo said investing in Asean-based startups is a new addition to the company’s strategy.
Philippine Long Distance Telephone Company (PLDT) has launched its newly created investment arm the PLDT Capital tasked invest up to $50 million in tie ups with global startup ecosystems in 2015.
The Philippine Long Distance and Telephone Company (PLDT) has acquired the Singapore-based ecommerce startup Paywhere Pte Ltd for $5 million. The acquisition is in line with PLDT Group’s goal to build its digital innovations unit, Voyager Innovations Inc, into a competitive digital economy platforms enabler. “The acquisition is expected to be… Read more »