Globe Telecom eyes Myanmar

Philippines-based Globe Telecom Inc is considering Myanmar as a potential expansion area and is looking into the possibility of expanding operations within ASEAN, the company said in a statement.

Myanmar is a potential expansion area for Globe Telecom, president and CEO Ernest Cu told participants during the recent Asia Pacific Economic Cooperation (APEC) CEO Summit in Beijing, GMA news reported.

“There’s already a telco player in Myanmar but there are other areas we could get involved in, like financial services and mobile advertising and these areas have potential,” Cu said.

The Ayala-led company said the expansion plan within the ASEAN region will “complement relatively strong economic growth within the region.

“We will look for white space within ASEAN and Asia on where to leverage the skills we’ve developed overtime and we do think we’ve developed a decent telco business here in the Philippines,” Cu said.

According to the statement, Cu earlier said the telco is considering the possibility of offering its mobile-based banking service to other Southeast Asian markets once the ASEAN integration is in place.

The company operates GCash, the mobile money service of subsidiary G-Xchange Inc, and BanKo, the mobile-based microfinance-focused savings bank, together with Bank of the Philippine Islands and Ayala Corp.

ASEAN will establish a single market economy by 2015 to attract more investments and facilitate intra-ASEAN trade and investments.

Source:Content sharing agreement with Myanmar Business Today

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.