PH co Xurpas acquires Altitude Games for $740k


Fresh from raising P1.36 billion (US$30.4 million), through its maiden public offer earlier this month, Philippine mobile giant Xurpas Inc has opted for the inorganic expansion route, by acquiring a 21.7 per cent  stake in the Singapore tech company Altitude Games for P33 million ($740,800). According to the disclosure made by the… Read more »

Corpuz is Xurpas new CFO, CIO  

Philippine based multi -million dollar tech startup company Xurpas Inc has  appointed Alexander Corpuz as its new chief financial officer (CFO), chief information officer (CIO), and also compliance officer. Called “Mar” by his peers, he will be bringing to Xurpas his 11-year experience in consultancy, investment banking and commercial banking…. Read more »

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 »