Philippines

VinFast, V-Green, and Green GSM seal strategic partnership with BDO Unibank to drive e-mobility in the Philippines

VinFast Auto Philippines Inc. (VinFast Philippines), a Vietnam-based electric vehicle (EV) manufacturer; V-Green Charging Station Development Philippines Inc. (V-Green), an EV charging infrastructure; and Green and Smart Mobility Philippines Inc. (Green GSM Philippines), operator of the all-electric taxi fleet, have signed a memorandum of understanding…

Philippine fintech firm Salmon secures additional $50M in oversubscribed Nordic bond

Salmon Group Ltd, a credit-led fintech in the Philippines, has raised further $50 million in an oversubscribed Nordic bond issue, accelerating its goal to build Southeast Asia’s next-generation consumer banking.

Maybank sees government’s execution as key for Philippines’ renewable energy sector

Maybank Investment Bank has maintained a neutral stance on the renewable energy (RE) sector in the Philippines despite the positive government support as execution has lagged and RE players are navigating near-term headwinds with execution hurdles.

Filipino online gambling players unaware of risks from unregulated sites – study

A new study from Filipino-focused sociocultural research firm The Fourth Wall revealed that many Filipino online gambling players are unaware of the risks from playing on unregulated platforms, leaving them exposed to various dangers, such as financial losses, privacy concerns, and underage participation.

Ayala Land secures $225M loan from IFC to advance green buildings in the Philippines

Ayala Land, Inc. (ALI) has secured PHP 12.87 billion ($225 million equivalent) from the International Finance Corporation (IFC) to advance green buildings in the Philippines.

GCash expands global payments with Alipay+, Mastercard

Philippine fintech player GCash has launched a new payment innovation, introducing a next-generation contactless solution that offers convenience, security, and global reach with partnership with Alipay+, Mastercard.

Edtech firm Instructure launches Asia hub in the Philippines to accelerate regional growth and expand global learning ecosystem

Instructure, the world’s edtech ecosystem and maker of Canvas learning management system (LMS), has announced the launch of its Asia hub with the opening of a new office in the Philippines.

Foxmont secures $30M first Close for Fund III, anchored by Dutch DFI

Foxmont Capital Partners, the Philippines’ institutional early growth capital firm, announced Friday the first close of its third fund at $30 million — more than doubling its assets under management (AUM) and surpassing the combined size of its first two funds.

V-Green, GSM Philippines ink partnership with MERALCO to promote EV infrastructure development in the Philippines

V-Green Global Charging Station Development Corporation (V-Green) and Green and Smart Mobility Joint Stock Company (Green GSM Philippines) have announced the signing of a memorandum of understanding (MOU) with Manila Electric Company (MERALCO) – the largest power distribution company in the Philippines, to promote electric vehicle (EV) infrastructure…

Filipino online gambling players prefer safer regulation over prohibition: study

As online gambling continues to grow in the Philippines and remains at the center of national conversations, a recent study suggests that better regulations — not an outright ban— are needed to create a safer playing environment and prevent the proliferation of unregulated gambling platforms.