Philippines
Atome Philippines secures $81M credit facility from Asia United Bank to expand PayLater card
Atome Philippines, under Singapore-headquartered digital finance platform Atome, has closed a PHP5 billion ($81 million) wholesale facility with Asia United Bank, securing local currency capital primarily to support the continued expansion of its PayLater Anywhere Card, which has now been issued to over 3 million Filipinos.
Philippines’ Kickstart Ventures join Sprout.ai’s Pre-Series A $9M funding round
Sprouts.ai, an AI-native startup delivering Revenue Agents for B2B enterprises through a proprietary go-to-market (GTM) data layer, has raised $9 million in Pre-Series A funding.
Malaysia’s Zetrix blockchain to build Philippines’ national blockchain infrastructure
Malaysia's Zetrix AI Berhad group will establish as the underlying protocol for the Philippines' public blockchain infrastructure, marking the second country after Malaysia to adopt Zetrix as a sovereign-grade blockchain platform.
Philippines firms accelerate AI adoption, only 17% can recruit enough AI talent: Aon
As many as 72 percent of organizations in the Philippines have already deployed or are piloting artificial intelligence (AI), yet only 17 percent say they can recruit and retain enough AI-skilled talent.
Philippines’ SunAsia, Vietnam’s VinEnergo partner on $406 million solar on water energy project
The Philippines' SunAsia Energy and Vietnam's VinEnergo will jointly develop a 422-MWp solar on water portfolio across Pampanga and Negros Occidental in the Philippines, representing an estimated investment of $406 million.
Philippines invites Vietnam’s VinFast to expand in economic zone
The Philippines Economic Zone Authority (PEZA) has invited Vietnamese firms, especially electric vehicle (EV) manufacturer VinFast, to explore manufacturing opportunities in its economic zones.
Ride-hailing service GSM secures $32M from Philippine National Bank to expand fleet
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.
Grab plans autonomous vehicles, delivery robots in Vietnam, pledges long-term investment
Grab, the Singapore-based superapp, plans to explore pilot programs for autonomous vehicles and delivery robots in Vietnam, said Chin Yin Ong, Chief Organization Capability Officer at Grab.
Australia’s EzyRemit, Philippines’ lender RCBC to jointly expand Australia-Philippines cross-border payments
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.
Ride-hailing service GSM, local dealers to deploy 18,497 EV in 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.
