Revolution Precrafted is Philippines’ first unicorn after Singapore K2 VC-backed round


The modular home creator reached a valuation of over $1 billion, and had K2 VC as one of its latest investors.

Philippines: STORM advances in Startup​ ​World​ ​Cup; FrontLearners wins ASEAN award

Storm will compete with 20 other global startups for a chance to win a $1 million investment.

Philippines: Anscor divests stake in Cirrus Medical Staffing for $36.85m

The latest transaction is Anscor’s third divestment deal in nine months.

Philippines: ANZ exits investment in Metrobank JV for $287m

Metrobank and ANZ launched MCC in 2003 as a 60:40 joint venture respectively. 

Philippine startups mull IPO, equity financing – study

About 88 per cent of 106 startup leaders interviewed cited capital requirements as their greatest challenge.

SBS Philippines’ unit acquires stake in HK-based Joune Holding

SBS said the latest investment is part of its bid to diversify into the property business.

Philippines: MacroAsia, PTC ink aviation school joint venture

The JV will start its operations by the first half of 2018.

Philippines: Fintech firm Tagcash targets to raise $16m via ICO

Proceeds of the digital token sale will be used to fund Philippine-based startups and help kickstart their business ventures.

PH Digest: Shell partners QEV, ABB to build EV charging stations; AGI enters infra

An initial 100 pilot sites of the EV charging posts are planned to be placed on Shell’s selected retail stations in Metro Manila.

People Digest: Chinabank names new CFO; Zedra appoints senior trust execs in HK

Chinabank in the Philippines named Patrick Cheng as CFO, while Zedra hired two senior trust executives based in Hong Kong.