$132m investment finalised in BIMP-EAGA & IMT-GT event


A total estimated investment of $132 million was finalised during the recently concluded five-day international trade fair and business conference in Davao City in the Philippines. Some of these big ticket investments sealed at the 2nd BIMP-EAGA and IMT-GT Trade Fair and Business Leaders’ Conference included proposed deals to set… Read more »

PCE to launch new enterprise program for students

The advocacy group Go Negosyo of the Philippine Center for Entrepreneurship (PCE) is launching an enterprise program for students. The one year programme is expected to help shape them into the next generation of changemakers, nation-builders and catalysts for inclusive growth, said Go Negosyo’s founding trustee Joey Concepcion. To be… Read more »

IIX Asia launches new SE Investment platform in PH

Singapore-based Impact Investment Exchange Asia (IIX) has chosen Philippines to launch a new investment platform for social enterprises (SEs). An intensive “in-country” acceleration program, the “Impact Accelerator,” has been designed to accelerate early-stage SEs that have high potential to create positive social and environmental impact Impact Accelerator is IIX’s third… Read more »

MMCP taps ICT Davao for tech biz

The Malaysian Mobile Content Provider Association (MMCP) has signed a partnership with the ICT Davao Incorporated (IDI), an umbrella organization of information and communication technology groups hosted by Davao City in the Philippines. MMCP president Johary Mustapha led the signing of the memorandum of agreement (MOA) with IDI during the… Read more »

Future Now Ventures to build ecosystem of tech startups

Philippine-based venture capital firm Future Now Ventures has decided to build an ecosystem that will bring all its partnering tech startups together. Focused on companies that specialise in the cloud, mobile and enterprise technologies and services, Future Now has invested in 12 startups and continues to search for more. “Future… Read more »

Sumulong is CTP’s new MD

Computrade Technology International (CTI Group) has appointed business executive Teddy Sumulong, as the new managing director for its new subsidiary Computrade Technology Philippines (CTP). CTI Group is an IT infrastructure solutions provider based in Jakarta, Indonesia. Besides its Philippines operation, the company has a subsidiary in Malaysia. Sumulong, who was… Read more »

CTI Group scales up PH subsidiary

Indonesian IT infrastructure solutions provider Computrade Technology International (CTI Group) has scaled up operations in its subsidiary Computrade Technology Philippines Incorporated (CTP). CTI Group CEO Harry Surjanto, who was in the Philippines on Tuesday has appointed CTP as the value-added distributor of technology vendors like Thales, FireEye, Zscaler, Riverbed, and… Read more »

Sophos expands in PH, sets eyes on region

UK-­based tech security solutions company Sophos is planning to expand operations of its Phillipines­-based 24/7 Shared Services Center (SSC) as well as expanding to other geographies in the region. “We aim to double the number of employees in our Philippines operation in the next six months,” said Wana Tun, regional technical sales… Read more »

Pawnshop chain Cebuana invests in e-payment startup

A microfinance  giant in the Philippines, Cebuana Lhuillier, has partnered with local electronic payment startup Colixo Incorporated  but declined to give investment details. According to Cebuana Lhuillier president and CEO Jean Henri, the venture with Colixo is expected to boost Cebuana Lhuillier’s client reach and give the company a nationwide… Read more »

Job portal iTrabaho taps new partners, eyes SE Asia

After scoring a series of new partnerships, Philippine- based online start-up iTrabaho.com is looking to expand to Southeast Asia. In an interview with Dealstreetasia, iTrabaho managing director and founder John Kim said the company was eyeing neighboring countries in the region for expansion. “Our goal is to become inter-ASEAN. So we… Read more »