Philippine tycoon Gokongwei launches $200m venture to provide easy access to credit


The venture, set up last year by Gokongwei’s JG Summit Holdings Inc. and financial-technology startup Oriente, seeks to give credit through a digital platform to Filipinos.

PH Digest: LaLa World partners with Rebit; Grab to invest despite losses

Grab Philippines head Brian Cu said the company will continue to invest in the Philippines with a budget of $57 million) in the next 12 to 18 months.

Long overlooked, the Philippines starts to catch tech investors’ fancy

As valuations in markets such as Indonesia and Vietnam heat up, the Philippines could offer better value to investors.

Online wine marketplace Winery Philippines raises fresh funds

The funding round gives the company a seven-digit USD valuation, tripling its value a year after its initial funding round.

Philippines: Del Monte seeks to raise up to $333m via IPO

Del Monte Pacific earlier said it intends to use the proceeds from the offering to partially prepay or repay certain loan facilities.

PH unicorn Revolution Precrafted partners boxer Manny Pacquiao for home, gym design

Pacquiao will help Revolution Precrafted design affordable homes and sports-inspired residential developments.

Philippines: Ayala’s AC Energy invests $30m in Australian power JV

Ayala Corporation will own 50 per cent of UPC Renewables Australia through its wholly owned subsidiary AC Energy.

Philippine proptech unicorn Revolution Precrafted to build 2,000 villas in Puerto Rico

The deal marks Revolution Precrafted’s expansion into its ninth international market.

Philippines’ Ayala looks to sell 50% stake in coal unit, shift to renewables

AC Energy’s assets are 80% thermal and 20% renewable, with a total value of 135 billion pesos ($2.6 billion), according to a recent CLSA report.

New ride-hailing players emerge in Southeast Asia to take on Grab, Go-Jek

Regulators in Southeast Asian countries have issued permits to new ride-hailing companies to compete with market leader Grab.