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 »

Nilo Cruz new COO of Philippine Veterans Bank 

Professional banker Nonilo “Nilo” Cruz has been named the new chief operating officer (COO) of the Philippine Veterans Bank (PVB). According to PVB, Nilo is expected to strengthen the local commercial bank’s operational productivity and performance to ensure efficiency and profitability. Nilo, who has three decades of experience in banking… Read more »

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 »