PH crowdfunding startup ProTEES to launch prototype in the overseas markets


Young and driven, founders of the newly-launched Filipino crowdfunding startup ProTEES Project are scheduled to launch a franchise prototype platform overseas. The ProTEES Project is an online crowdfunding platform that helps a person or a group to jump-start a t-shirt fund raising campaign with no upfront cost. ProTEES executive officer Napoleon… Read more »

PH’s Pure Foods raises $338m from shares offer

Philippine-listed food manufacturer San Miguel Pure Foods Company Inc disclosed on Thursday that it has raised P15 billion ($338 million) from a latest shares offer. The company informed the stock exchange that it raised the amount from the issuance of 15 million Series 2 preferred shares, which had a base… Read more »

PH based Universal Robina to merge with its packaging subsidiary CCPI

Food business conglomerate Universal Robina Corp (URC) announced on Wednesday that it will be merging with its wholly-owned packaging subsidiary CFC Clubhouse Property Inc (CCPI). The amount of the merger was not disclosed. CCPI is one of the major suppliers of flexible packaging materials for URC’s snacks and beverages division…. Read more »

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 »