Philippines

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.

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.

Electric vehicle manufacturer VinFast, under the ecosystem of Vietnam's conglomerate Vingroup, has signed memoranda of understanding with 14 e-scooter distributors in the Philippines, as part of its plan to expand its retail and service network ahead of a market launch scheduled for June 2026.

Singapore-headquartered insurtech firm Igloo has appointed Ramjit Lahiri as its Philippines Country Head, as the country’s insurance premiums reached PHP502.6 billion ($8.37 billion) in 2025 amid ongoing gaps in coverage and penetration.

Green and Smart Mobility (GSM), the ride-hailing service under the ecosystem of Vietnam's conglomerate Vingroup, has launched its shared business platform, Green SM Platform, in Indonesia and the Philippines.

Velox Networks, a Singapore-based cloud telephony provider, has announced its expansion into the Philippines, marking its third Southeast Asian market after Singapore and Malaysia.

Mitsubishi Motors Corporation will join the Philippine government’s Electric Vehicle Incentive Strategy (EVIS), signaling a move to expand its electrification efforts in the country, the Japanese automaker said in a press release on Monday.

Furukawa Electric is set to invest at least JPY55 billion ($345 million) in expanding data center cooling production in the Philippines, Thailand, and China, the Japanese firm said in a release on Monday.

Singapore-based super app Grab's revenue in 2025 grew 20 percent year on year, reaching a record $3.37 billion as the firm continued to grow to expand its user base, improve frequency and engagement in the platform, and optimize incentive levels.