PH holds Mobile App Developers’ Day Competition

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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 »


Profriends Group holds off IPO pricing 

Philippine-based property company Profriends Group Inc halted, Monday, the pricing of its initial public offering (IPO), the ABS-CBN news online reported. Profriends’ IPO underwriter explained the price offer still needed to be set, awaiting the Philippine Stock Exchange’s (PSE) approval of the up to P7.7 billion ($173 million) IPO. The… Read more »


PSE-PDS merger halted again, moved to 2015 

The much anticipated merger of the Philippine Stock Exchange (PSE) and the Philippine Dealing System Holdings Corp (PDS) for 2014 has been postponed, again, due to the lack of board approval of other key owners. Quoting on PSE president and chief executive officer Hans B Sicat, local media firm BusinessWorld… Read more »


Ph based Pure Foods mulls $336m share sale

Wanting to regain its outstanding callable preferred shares, San Miguel Pure Foods Co Inc (SMPF) plans to sell $336 million (P15 billion) of preferred shares, news reports said. A food and beverage unit of Philippine conglomerate San Miguel Corp, SMPF is seeking regulatory approval for its offer consisting of 10… Read more »


11 Philippine startups that stood out in 2014

The Philippines continues to prove itself in the startup space particularly in the field of technoprenuership, as seen from the innovative ideas and performance of local startups in 2014. The year, which saw successful listing of local startup Xurpas , marked “coming-of-an-age” of the startup scene in the country. Flush… Read more »


Ateneo De Davao teams win PH Startup Challenge

The Philippine Software Industry Association (PSIA) and Department of Science and Technology ICT Office (DOST-ICTO) successfully concluded the first Philippine Startup Challenge (PSC) on Friday night. 20 teams from different colleges nationwide participated in it. PSIA program manager Karen Reyes said three of the five winning teams were from Ateneo… Read more »