Mobiles push SEA online gaming revenues to $784m


The online gaming market in Southeast Asia is estimated at $784.4 million, by revenue, for the current year. This was disclosed by a survey report on online gaming, which was conducted bu the Asian games market intelligence firm Niko Partners The survey polled around 10,000 PC online gamers in six… Read more »

Philippines gives more time to startups: Arup Maity

Having set up five companies in the region since 2001, Arup Maity – current president and CEO of BlastAsia Inc and co-founder of Philippine startup incubation group Spring.PH – says he has found Philippines to be a suitable “runway for startups”  wanting recognition in the market. According to him, the risk of startup… Read more »

Norman Reyes is PNB’s new CMO

The Philippine National Bank (PNB) hired a seasoned banking and finance professional Norman Martin Reyes as its new chief marketing officer and head of marketing group on Friday, December 5. Reyes, who will hold the rank of senior vice president, will assume office on January 16, 2015, PNB said in… Read more »

SM Prime, Solar forge $20m VOD biz in PH

Philippine property developer SM Prime Holdings Inc and Solar Entertainment Corp — via their business units — signed a memorandum of understanding (MOU) on Thursday to develop video-on-demand business (VOD) venture for the Philippines market. Top executives of SM Prime’s lifestyle and entertainment solutions company SM Lifestyle and Entertainment Inc. (SMLEI), and… Read more »

Epson to invest $102.6m in PH plant

Japan’s popular technology company Seiko Epson Corporation (SEC) is planning to spend $102.6 million (12.3 billion yen) for the construction of a new plant in the Philippines to boost volume production of its inkjet printers and 3LCD projectors, including smart glasses products. Construction of the company’s new state-of-the-art facility, will… Read more »

Investors warm up to Xurpas, shares up 50% on opening day

Philippine company Xurpas Inc’s shares soared nearly 50% on its first day of trading, Tuesday, as investors jumped at an opportunity to grab a piece of the first technology startup to list on the local exchange. Shares of the company, which does mobile content like casual games, mobile stickers, messaging, among… Read more »

IMI raises $35.7m for business expansion

Philippine-based electronics manufacturing service provider Integrated Micro-Electronics Inc. (IMI) is firming up plans for global business expansion after raising $35.7 million (P1.6 billion) through a five-day domestic public offering of primary common shares, the company said. The Ayala-led company, in a disclosure to the Philippine Stock Exchange, said it had… Read more »

Indonesia’s Telin, Akamai enter tech solutions biz partnership

State-owned telecommunications and network provider Telekomunikasi Indonesia International (Telin) has partnered with US-based cloud services firm Akamai Technologies Inc to provide advanced tech solutions to business customers in Indonesia. In an official statement, Telin said it had joined the Akamai NetAlliance Partner Program to be able to provide Akamai’s Web… Read more »

PH startups vie for $9k seed funds in mobile app contest

Mobile app developers in the Philippines are scheduled to compete for more than $9,000 cash prize in the upcoming “2014 Philippines Mobile App Developers’ Day” on December 6-7 at in Manila. AT&T, A SPACE Manila, Golden Gate Ventures, and the Philippine Software Industry Association (PSIA) are co-hosting the event. With the… Read more »

Google gets a new PH head in Kenneth Lingan

After almost one year of vacancy, Google has appointed marketing professional Kenneth Lingan as the country manager for Philippines. Lingan is taking on the new role left by Google’s first Philippine country manager Narciso Reyes last January. Prior to joining Google, Lingan was the vice-president for Deodorants at Uniliver Southeast Asia and ANZ,… Read more »