Philippine remittance startup SendFriend secures $1.7m funding


MIT Media Lab, Barclays, the Mastercard Foundation, Ripple, Techstars, Mahindra Finance, 2020 Ventures, and 8 Decimal Capital joined the round.

IFC invests $75m in green bond issued by Philippines’ AC Energy

This is the first Climate Bond certified infrastructure-focused fund to be listed in Southeast Asia. 

ANA Holdings to acquire stake in Philippine Airlines’ parent firm for $95m

The acquisition is in line with the Japanese group’s strategy of expanding its international network by 2022.

Philippine antitrust watchdog slaps second fine on Grab

The sanction comes around four months after the first course of action the PCC had taken against Grab Philippines and Uber.

LafargeHolcim said to consider sale of Philippines business

Europe’s biggest cement maker is considering the divestment as part of a broader strategic review of its Southeast Asia operations following the sale of its Indonesia business.

Philippines’ PH Resorts gets regulatory nod for $350m share offering

Proceeds from the share sale will fund the construction of a $200-million integrated casino-resort in a former U.S. military base north of the capital, and a $300-million megacasino in central Philippines.

Japan’s ANA Holdings in talks to acquire Philippine Airlines stake

The airlines is closing in on selling a minority stake to a foreign strategic investor, with a deal likely to be sealed in the first half of this year.

Gobi Partners marks Philippine foray with two deals from joint fund

Very similar to its move in the Philippines, Gobi has also launched a $10-million micro-fund for Indonesia called the Gobi-Agung Fund.

Go-Jek acquires stake in Philippines blockchain mobile wallet

The move by Go-Jek further strengthens its grip on fintech and cashless payments.

Philippines-based EZAdvance acquires Indian fintech startup Alconomy

EZAdvance intends to use Alconomy’s technology to provide digital banking services in the Philippines.