Finnfund to facilitate JVs, tech transfers with Vietnam cos

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The FinnPartnership program, under the umbrella of the Finnish Fund for Industrial Cooperation Ltd (Finnfund), is looking facilitating joint venture, import and export activities and the transfer of technology with tech firms based out of Vietnam Finnfund is a development financing company that provide long-term loans and risk capital for private… Read more »

Exclusive: Astroscale on track with space junk removal mission, sees other opportunities

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Astroscale Pte Ltd, a Singapore-based pioneering space venture, is on track to conduct the world’s first demonstration of space junk removal at the end of 2017, now that it has begun deploying its $7.7 million Series A funding. The private commercial space venture told DEALSTREETASIA that its Series A funding… Read more »


Philippines’ fintech startup Satoshi Citadel acquires BuyBitcoin.ph

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Philippine-based financial technology (fintech) startup Satoshi Citadel Industries (SCI) said Monday that it had acquired BuyBitcoin.ph – the first Bitcoin exchange in the country. BuyBitcoin.ph is a peso to bitcoin “over-the-counter” exchange which allows Filipinos direct access to buying and selling the digital currency. The company was founded in January 2014… Read more »


Emerson unveils $35m high-tech facility in PH

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US-based technology and manufacturing company Emerson formally opened its third location in the Philippines, investing in $35 million. Located at SM Cyber West Avenue in Quezon City, latest Emerson site is a newly-built 18-storey building which houses three key centers, namely the Integrated Solutions Center, Emerson Process Management’s Technical Learning… Read more »


Online buying site OLX.ph expands in PH

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OLX.ph, a popular online buy and sell platform in the Philippines, has expanded operations in the country, even as it relocated its headquarters in the Visayas region to a premier business district. OLX.ph founders RJ David and wife Arianne led the official opening of the new office yesterday located within… Read more »


NTU and CCIEC form $3.14m water technology joint venture

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Nanyang Technological University (NTU) of Singapore is commercialising its water membrane technology in China via a spinoff called NanoSun, following a S$4.3 million (US$3.14 million) joint venture between NTU spin-off venture NanoSun and the China Commerce Group for International Economic Cooperation (CCIEC). Co-founded by Associate Professor Darren Sun from NTU Singapore’s… Read more »


Japanese cos seek Vietnamese digital content partners

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Fifteen Japanese companies, from the software and digital content industry, are in Vietnam seeking investment and partnership for launching an array of online game and mobile apps in the domestic market. The Japanese companies, mostly online game developers, have proposed to cooperate with Vietnamese enterprises in terms of supplying their products to the local market, providing… Read more »


OneWeb, Honeywell tie up in high-speed Internet move

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American aviation firm Honeywell Aerospace and OneWeb Ltd have signed a memorandum of understanding under which Honeywell will provide aircraft equipment and airtime services to bring OneWeb’s planned satellite constellation to business, commercial and military aircraft. OneWeb is building a constellation of more than 600 satellites, which will provide approximately… Read more »


MPU, JCB ink licence agreement for EMV debit cards in Myanmar

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Myanmar Payment Union (MPU) and JCB International Co, a subsidiary of Japanese credit card company JCB Co Ltd, have signed a licensing deal to issue JCB cards in Myanmar, the firms said. With this agreement, MPU member banks in Myanmar will be able to issue MPU/JCB co-branded cards linking to… Read more »


US BPO Startek expands in PH, builds 4th facility

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US business process outsourcing (BPO) company Startek has expanded operations in the Philippines, launching a modern facility pegged at over P400 million ($10 million). Startek president and CEO Chad Carlson said the costs in building the new facility would go around $5,000 per seat and Startek targets to accommodate 2,000… Read more »