Four PH firms bid for $88.9m transport terminal 


Four local companies are planning to bid for the $88.9m (P4 billion) Integrated Transport System-South Terminal (ITS-South) of the Department of Transportation and Communications (DOTC) in the Philippines. The companies Ayala Land Inc, Datem Inc., Filinvest, and MVM Terminals submitted their pre-qualification documents for evaluation by DOTC’s Project Bids and… Read more »

ALI opts for lease-to-own lots in $1.6b PH township

Philippine real estate company Ayala Land Inc (ALI) is using the strategy of lease-to-own lots for the industrial park that will be built within the $1.6 billion (P75 billion) township project in Porac town, Pampanga province, an executive with the company said. ALI together with Leonio Land will build the industrial… Read more »

Wattcost wins SingTel-Samsung Regional Mobile App Challenge

Australian technology company Wattcost beat five other finalists, chosen from and over 500 submissions from around the region, to win the inaugural SingTel Group–Samsung Regional Mobile App Challenge. The  six finalists were selected from a pool of over 500 start-ups comprising over 1,000 participants from Australia, India, Indonesia, the Philippines, Singapore and… Read more »

Students vie for $5500 startup mobile contest

Aspiring innovators in Philippine schools will be competing for a $5,500 (P250,000) cash prize and a technopreneurship opportunity in an upcoming mobile apps competition held by Smart Communications. The mobile apps competition will be incorporated for the first time in the 11th SWEEP (Smart Wireless Engineering Education Program) Awards slated… Read more »

SALt wins People’s Choice award at SNS

Philippine startup company SALt (Sustainable Alternative Lighting) Corporation  won the People’s Choice Award during the World Startup Competition, which is one of the main events of the Startup Nations Summit (SNS) 2014 held on November 23 to 25 in Seoul, South Korea. Philippines ( via SALt) was the only Asian… Read more »

Clark Philippines joins Startup Weekend’s global network

Clark Philippines, a former American air base turned Freeport zone and international airport, has joined the global network of Startup Weekend tech competition. Now dubbed as the Startup Weekend Clark (SWC), the event held between November 21 to 23 saw almost 100 hundred participants joining in for a 54-hour tech competition model at the… Read more »

Appefize launches Celebrity Apps, mulls funding

Philippines based software startup company Appefize has launched a new content-to-app platform, that turns entertainment media into “freemium” gamified multi-platform mobile apps. Appefize CEO Russel Tomas said by early next year, the company is contemplating an angel round or Series A funding. Co-founded by Carlos Campa, Terry Davies, Johnjee Aniban, and Steph Ong,… Read more »

Remitly’s remittance volume to PH surpasses $100m

US-based startup company Remitly, which enables residents to send money to the Philippines, has surpassed the $100 million (P4.5 billion) mark in its annual remittance volume, pushing its year-on-year growth rate to almost 400%. Remitly, however, did not disclose its percentage earnings of such transfers. In its bid to make… Read more »

PLDT HOME clocks 12% growth, $226.7m revenue in Q3

The Philippine Long Distance Telecommunications Company’s (PLDT) broadband business has  generated $226.7 million (P10.2 billion) in revenues for the first three quarters of 2014, up 12%, in the same period in 2013. The telco’s PLDT HOME, with its products and services was estimated to be three times larger than competition. The broadband… Read more »

Xurpas lowers IPO price, to raise $30.4m

Philippine mobile content giant  Xurpas Incorporated has priced its initial public offering (IPO) below the ceiling as it amiss to raise $30.4 million (P1.37 billion) from its maiden share sale. The digital products developer has got clearance from the Philippine Stock Exchange (PSE) for its float, and a notice on… Read more »