Teradata invests $50m in new Philippines Centre


American big data and analytics firm Teradata has formally launched its second data services center yesterday, investing some $50 million into the new facility located in the Philippines Robert Cromer, vice president of Teradata Americas Region Professional Services, said the $50 million investment will cover real estate, hiring and training,… Read more »

Philippine payment firm gains $1.5 M fund to serve migrants, unbanked customers

Philippine digital commerce and payment services firm Veritas Mobile Holdings – whose business is marketed under the Ayannah brand – has secured funding to the tune of $1.5 million led by venture capital firm Gree Ventures. Ayannah’s marketing and communications head Melissa Lucas said the Series C round of funding… Read more »

e-commerce fraud rising in Asia

As Asia Pacific gears to overtake North America as the world’s largest e-commerce market, heads of fraud from across the region said that Card Not Present (CNP) fraud was witnessing a rapid rise in the region. CNP is a purchase made by a consumer without using a physical credit or… Read more »

More Philippine companies exploring cloud computing : EMC

From its usual function in creating efficiencies and lowering the operation cost, many companies in the Philippines are now looking into IT as a strategic enabler to grow the business and giving better customer experience. Based on the latest 2014 study conducted by EMC that surveyed 235 businesses and IT… Read more »

E-Peso bill filed in Philippines congress

Seeing the need to have an official medium of exchange or money for the Internet, a lawmaker in the Philippines filed the proposed “E-Peso Act of 2014” which also applies to all other electronic and non-electronic means of communications. “What exists is a patchwork of methods using traditional credit systems,… Read more »

Megaworld PH plans residential high-rise in $781m Biz park

Philippine real estate giant Megaworld Corporation plans to build a new residential tower called ‘The Palladium’ inside the US$781 million business park at the Iloilo City. The Iloilo Business Park is company’s flagship development. Designed as a modern luxury residential condominium, The Palladium will stand 80 meters high at 22… Read more »

After early IPO closing, Rocket Internet surges

After closing early on its initial public offering (IPO) due to investor demand across all points of the price range, Rocket Internet AG (Rocket) decided to raise its IPO beyond the price range on October 2. Rocket, which owns popular Southeast Asian e-commerce businesses Zalora, Lazada, and the cab hailing… Read more »

NetSuite taps new partners in Philippines

NetSuite, a US-based cloud computing company, has signed up partnerships with two Philippine companies engaged in IT strategy and implementation consultancies. The partnership made the two local companies Kaisa Consulting and Questronix Corporation as official members of the NetSuite Solution Provider program. Questronix does systems integration, while Kaisa Consulting provides… Read more »