Philippines

VinFast, the electric vehicle (EV) maker under Vietnamese conglomerate Vingroup, has offered dealer partners up to $60,000 for each new electric motorcycle showroom they open in the Philippines and Indonesia.

Philippine President Ferdinand Marcos Jr. has lauded Mitsubishi Corp.'s investment of $700 million in energy firm Ayala Corp as among the largest foreign equity investments in the Philippines in recent years.

PLDT says its internally developed AI agents are reducing manual work across enterprise sales, knowledge retrieval and risk management.

Malaysia-based pre-owned electronics platform 3cat has raised a $4 million Series A led by Foxmont Capital Partners, with participation from the Asian Development Bank and Golden Gate Ventures, as it prepares to enter the Philippines.

Philippine payments company PayMongo is targeting revenue at about four times last year's level while expanding beyond transaction fees into subscription and merchant services.

The Philippines has reached substantial agreement on a free trade deal with the EU while Canada says separate talks with Manila and ASEAN are more than 90 percent complete, with data centers among investment opportunities under discussion.

Philippine lender Security Bank plans to support Apple Pay and Google Pay in the second half of 2027 after completing a core credit-card system upgrade.

Billease Bank has elected former Bangko Sentral ng Pilipinas Deputy Governor Eduardo G. Bobier as an independent director, subject to BSP confirmation, as the lender integrates more banking products into the Billease ecosystem.

Singapore's Sembcorp Industries has terminated a proposed S$105 million ($82 million) acquisition of Philippine solar developer Puente Al Sol, ending its planned entry into the Philippine renewable-energy market.

PPMI and Alipay+ have connected Alipay+ to QR Ph, allowing supported international e-wallet and banking-app users to pay Philippine merchants through existing QR Ph codes.