Philippines

The Philippines Economic Zone Authority (PEZA) has invited Vietnamese firms, especially electric vehicle (EV) manufacturer VinFast, to explore manufacturing opportunities in its economic zones.

While the Philippine automotive industry sales remain under pressure, Maybank Investment Bank sees electric vehicles remain a key growth in the sector.

Malaysia-based Zetrix AI Berhad, formerly known as MY E.G. Services Berhad, announced Monday that its joint venture in the Philippines namely MYEG Philippines, Inc. (MYEG PH) has signed several agreements for the provision of digital payment services with multiple government entities.

The Philippine National Bank (PNB) will provide PHP2 billion ($32.4 million) to Green GSM Philippines, under Vietnam's ride-hailing service GSM, to support the expansion of Green GSM's all-electric ride-hailing operations across the Philippines.

Billease, the Philippines' Buy Now Pay Later platform, has joined LenderLink’s Credit Intelligence Network, expanding real-time access to borrower data across the Philippines’ lending ecosystem.

Australia's EZYREMIT WORLDWIDE and the Philippines' Rizal Commercial Banking Corporation (RCBC) will join hands to expand cross-border financial services between Australia and the Philippines.

GSM Green and Smart Mobility JSC (GSM), a ride-hailing service founded by chairman Pham Nhat Vuong of Vietnam’s top conglomerate Vingroup, and 75 transport companies and cooperatives in the Philippines will join hands to deploy up to 18,497 VinFast electric vehicles (EV) for passenger transport operations.

VinFast, the electric vehicle manufacturer under Vietnam’s conglomerate VinFast, has launched the VF MPV 7 electric vehicle in the Philippines, making the country the third international market where the model is available.

Singapore and Philippines have signed a legally binding agreement to collaborate on carbon credit projects under Article 6 of the Paris Agreement, marking the Philippines’ first such deal, officials said on Thursday.

Atome Philippines, under Singapore-headquartered digital finance platform Atome, and the Philippines' multi-channel payment platform Bayad will collaborate to enable users to pay bills directly within the Atome app.