Philippines’ fintech startup Satoshi Citadel acquires


Philippine-based financial technology (fintech) startup Satoshi Citadel Industries (SCI) said Monday that it had acquired – the first Bitcoin exchange in the country. 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


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 expands in PH

By, 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. 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


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


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


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


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


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 »

Catcha to launch iflix in key SEA markets 2015


Catcha Group will launch its subscription-based video-on-demand platform, iflix, throughout the key Southeast Asian markets this year, said its chief executive, Patrick Grove . The markets that will see the launch of this Netflix-like platform by Catch include, Malaysia, Thailand, Philippines, Indonesia and Vietnam. The launch of the platform takes advantage of the region’s… Read more »

Singapore’s DataStreamX raises $370k in seed round


A Singaporean real-time data online marketplace, DataStreamX, announced that it had raised S$500,000 ($370,000) in seed funding round, from angel investors. Launched in April 2014, the JFDI alumnus says that the funds will be used in talent acquisition, expanding the size of sales and technical teams in core markets. According to Mike Davie, founder and CEO… Read more »