PH social enterprise tech startup MagisSolutions to expand in Asia


MagisSolutions, a social enterprise tech startup in the Philippines is now looking to expand in the region.

PH’s Globe Telecom to raise $310m debt from Philippine National Bank

Philippine-listed telecommunications company Globe Telecom Inc disclosed on Tuesday that it signed a seven-year P7 billion ($310 million) term loan with the Philippine National Bank (PNB) meant to finance its capital expenditures (CAPEX) and corporate needs for 2015. Globe said it plans to use the CAPEX balance to invest in… Read more »

PH geothermal firm EDC raises $192m debt, plans $90.5m share buy-back

Energy Development Corporation (EDC), a geothermal firm in the Philippines, announced on Monday that it has secured an P8.5 billion ($192 million) loan from several banks. In a disclosure to the stock exchange, EDC said that it had, through its wholly-owned subsidiary Green Core Georhermal Inc (GCGI), completed the execution… Read more »

Germany’s Carmudi to use majority of $25m fund in PH

Flush with a fresh investment of $25 million, Germany’s online car classified platform Carmudi is gearing up for some heavy duty spend in the Philippine market. The move is part of Carmudi’s larger plan, to boost operations in the emerging markets in Asia and Latin America. Currently, it is focussing on capturing… Read more »

Ecommerce firms PricePanda, Getprice merge, to launch new network in APAC

Ecommerce firms PricePanda of Germany and Australia’s Getprice announced a merger on Thursday and are set to create a new price comparison shopping network across Asia Pacific. The companies likewise announced that shareholders have reinvested in the business as part of the transaction. To achieve their goal, the two companies… Read more »

PH liquor giant Emperador to pay off debt, expand to EU & Africa

Philippine liquor giant Emperador Inc aims to be debt-free this year by pre-paying its loan, using its improved net cash position in 2014.It also plans to expand to new markets in Europe and Africa while launching eight new products in the domestic market. “In spite of spending close to P35… Read more »

IMJ’s Saito launches new VC fund for seed stage startups

Former IMJ Investment Partners’ director Koichi Saito, Wednesday, announced the setting up a new venture capital fund that will invest in seed stage startups across South East Asia, Hong Kong and Taiwan. Saito did not disclose the size of the new venture capital arm that will be called KK Fund…. Read more »

PortfolioMNL launches digital hub for creative pros in PH

Philippine tech startup PortfolioMNL has launched Network Portals, the first single digital hub for creative professionals in the country. The startup’s co-founder and CEO Rina Malonzo said Network Portals is PortfolioMNL’s latest feature as an online portfolio and job site built exclusively for creative professionals. It gives local and foreign employers… Read more »

PH roundup: Pure Foods, AirAsia

Philippine-listed San Miguel Purefoods Co Inc (SMPF) has completed its planned share sale of P15 billion ($336 million), while AirAsia’s local unit in the Philippines has secured a fresh loan from its parent company amounting to $22.34 million. Pure Foods raises $336m in share sale   Pure Foods has finally… Read more »

PH’s Century Pacific allots $9.96m for new storage factories

The Philippines’ largest canned food company Century Pacific Food Inc (CNPF) has allocated P439 million ($9.96 million) of the P3.2 billion ($75.6 million) funds raised through its initial public offering (IPO) to its new storage facilities. CNPF disclosed to the stock exchange that the company’s board of directors has approved the… Read more »