Local issues are startup opportunities: IMJ’s Saito


On a lookout for promising startups, Japanese startup accelerator IMJ Investment Partners claims to have found a gold mine of high-potential startups in the region of Southeast Asia. In fact, the accelerator has decided to dedicate its resources and its VC(venture capital) fund to support enterprises in the region and… Read more »

Polaris, TechTitan form $441k telco JV for PH

Singapore-based holding firm Polaris Ltd, through its subsidiary Polaris Explorer Pte Ltd (PEPL), has tied up with TechTitan Technology Inc (TechTitan) to form a joint venture company with an investment of $441,000 (P15 million), in the Philippines . The newly-formed company named Polaristitans Philippines Inc (Polaristitans) will carry on the business… Read more »

Jollibee, RRJ form $300m Dunkin’ Donuts China JV

The Philippines’ largest food service network Jollibee Foods Corp and Asian based investment firm RRJ Capital Master Fund II LP, through their subsidiaries, have committed an investment of up to $300 million to launch a new business that will own and operate Dunkin’ Donuts restaurants in the People’s Republic of China…. Read more »

Cathay Life, RCBC forge $178.7m deal

Taiwan’s Cathay Life Insurance Co (Cathay Life) acquired a 20 per cent stake in the Philippines’ Rizal Commercial Banking Corp (RCBC) as both companies finally signed the long-awaited $178.7 million (P7.92 billion) share purchase deal on Wednesday, news reports said. Cathay Life’s parent company Cathay Financial Holdings Company, the largest… Read more »

5 Startup Ideas that won PH Challenge

Finding the right internship, dorms, scholarships, the sentiment quotient of social interaction and the right set of dependable people – the five mainstays  of student life could be at the centre of the next wave of successful startups from the Philippines. Already, the apps centered on these five activities have won top honours  at the… Read more »

PH holds Mobile App Developers’ Day Competition

Following on the success of Malaysia Developers’ Day during the the past few years, AT&T, A Space Manila, Golden Gate Ventures and the Philippine Software Industry Association (PSIA) recently feted the first “Philippine Mobile App Developers’ Day” competition. Held on the grounds of A Space Manila,a popular local community of innovators, about… Read more »

Limcaoco to be Ayala Corp’s new CFO

Ayala Corporation (AC), that owns the Bank of the Philippine Islands (BPI), has designated BPI Family Savings Bank president Jose Teodoro “TG” Limcaoco as AC’s new chief finance officer (CFO) and finance group head. TG, who has been with the Ayala group since 1998, will assume his new role on April 10,… Read more »

BPI, GPN form JV for merchant acquiring biz

Aiming to scale up its merchant acquiring business, Bank of the Philippine Islands (BPI) has entered into an agreement to form a joint venture with the US-based payment services firm Global Payments Inc (GPN). Under the agreement, BPI will acquire 49 per cent stake in GPN’s local subsidiary Global Payments… Read more »

iRipple mulls sale of operating assets 

Philippine-based international retail tech company iRipple Inc, as part of its corporate restructuring exercise, has informed the the Philippine Stock Exchange (PSE) that it plans to sell off its operating assets and assignment of liabilities. The company’s board of directors have authorised its president Victor Javier to lead the negotiations.”[The sale] is in… Read more »

Bright Kindle buys 33% in Marcventures for $60.4m

Philippine credit card services firm Bright Kindle Resources & Investments Inc (BKR) has invested P2.7 billion ($60.4 million) in Marcventures Holdings Inc, acquiring 33 per cent stake in the nickel mining company. In a disclosure to the Philippine Stock Exchange, BKR said it acquired 600 million shares of Marcventures from… Read more »