Edgar Saavedra is chairman of Megawide Construction. Sonny Thakur For Forbes Asia Megawide—controlled by tycoon Edgar Saavedra—is building a $300 million data center in Cavite, south of the Philippine...
Tag: Philippine
Alternergy Gears Up For Philippine IPO To Bankroll Renewable Energy Projects
Alternergy built the Philippines’ first commercial wind farm and eventually sold it to Ayala Corp’s AC Energy. Courtesy of Alternergy Alternergy—which built Southeast Asia’s first commerci...
Philippine Tycoon Roberto Ongpin, Founder Of Alphaland, Dies At 86
Roberto Ongpin was chairman of Philippine developer Alphaland. Forbes Asia Tycoon Roberto Ongpin—founder and chairman of Philippine real estate developer Alphaland—died peacefully on Saturday at age 8...
Philippine Regulator Warns Against Using Unlicensed Cryptocurrency Exchanges Following FTX Collapse – Regulation Bitcoin News
The Philippine Securities and Exchange Commission (SEC) has advised investors against transacting with unlicensed cryptocurrency exchanges. The warning followed the collapse of crypto exchange FTX whi...
Philippine SEC warns against unlicensed crypto exchanges amid FTX collapse
After the height of the FTX collapse, the Philippine government warned investors within the country about using unlicensed crypto exchanges. The Securities and Exchanges Commission (SEC) in the Phili...
Billionaire Ramon Ang’s San Miguel Offers $1.6 Billion To Takeover Cement Maker Amid Philippine Construction Boom
San Miguel’s billionaire president Ramon Ang. JINGGO MONTENEJO San Miguel Corp. is offering 97 billion pesos ($1.6 billion) to takeover affiliate Eagle Cement Corp. as billionaire Ramon Ang—the contro...
Philippine Peso Hits New Low Against the Dollar, Stable in Bitcoin – Trustnodes
The peso in Philippines has fallen to a new all time low of 59 PHP to the dollar, down 20% from last year’s 47. In bitcoin however the peso has been trading at a somewhat stable price above one millio...
Philippine Billionaire Ayala, Gokongwei Families To Merge Banking Units
People walk past a branch of the Bank of the Philippine Islands (BPI) in Manila on June 8, 2017. ELOISA LOPEZ/AFP via Getty Images Bank of the Philippine Islands (BPI)—controlled by the country’s olde...
Philippine Central Bank Thinks Stablecoins Could ‘Revolutionize’ the Payment System
Mhel Plabasan – a top executive at Bangko Sentral ng Pilipinas (the central bank of the Philippines), said the institution is highly in favor of stablecoins as they can aid the monetary system and ens...
Consortium Backed By Billionaire Lucio Tan’s MacroAsia Wins $11 Billion Philippine Airport Project
Travelers wearing face masks queue at immigration counters upon arriving at Ninoy Aquino … [+] International Airport on March 10, 2020 in Manila, Philippines. Ezra Acayan/Getty Images A consorti...
Philippine Tycoons Oscar Lopez, Manuel Pangilinan Call Off Media Deal Amid Congressional Inquiry
Employees and supporters of ABS-CBN light candles in front of its main studio to show support as the … [+] broadcaster airs its final program in the provinces on August 28, 2020 in Manila, Phili...
Philippine Lawmakers, Central Bank, SEC Discuss Crypto Regulation in Senate Hearing – Regulation Bitcoin News
The central bank and the Securities and Exchange Commission (SEC) of the Philippines discussed crypto regulation in a Senate hearing with the participation of several executives from the crypto indust...
Philippine Fintech Startup PayMongo’s CEO Takes Leave Of Absence, Breaks Silence On Company Investigation
(From left) PayMongo cofounders Jaime Hing III, Francis Plaza and Luis Sia. Courtesy of PayMongo PayMongo announced Monday that its CEO and cofounder Francis Plaza is stepping away from the Philippine...
Philippine Regulator Issues a Public Alert Against Foreign Crypto Service Providers
Public Alert Against Unlicensed Crypto Service Providers Investors have been cautioned by the Philippine central bank, which serves as the industry’s key regulator, to avoid dealing with unlicen...
Philippine Regulator Warns the Public of Engaging With Foreign Crypto Service Providers – Regulation Bitcoin News
The central bank of the Philippines, the primary regulator of the country’s crypto sector, has warned investors about engaging with unregistered and foreign crypto service providers. They “may present...
Philippine Tycoon Dennis Uy’s Firms Roll Over Debts, Tap Funding From Billionaire Enrique Razon As Losses Deepen
Dennis Uy, chairman and president of Phoenix Petroleum Holdings, speaks during a Bloomberg round-table discussion in Manila, the Philippines, on March 5, 2018. Veejay Villafranca/Bloomberg Mobile phon...
Nickel Asia’s Manuel Zamora Jr. And Philip Ang See Wealth Fall As Global Headwinds Hit Philippine Stocks
This story appears in the August 2022 issue of Forbes Asia. Subscribe to Forbes Asia Manuel Zamora Jr. (left) and Philip Ang Nickel Asia This story is part of Forbes’ coverage of Philippines’ Richest ...
Everscale Teams Up With DA5 To Launch Philippine Blockchain Remittance Service
Leading Everscale infrastructure developers, Broxus have announced the upcoming release of a Philippine blockchain remittance service to be hosted on the Everscale network. Everscale, as the most scal...
Philippine SEC cautions the public not to invest with Binance
The Philippine Securities and Exchanges Commission (SEC) cautioned the public not to invest in the crypto exchange Binance in their response to policy think tank Infrawatch PH’s attempts to woo the SE...
Philippine Central Bank Governor in favour of Cryptocurrency
Governor of the central bank of the Philippines doesn’t want crypto banned Do not invest money in crypto that you can’t afford to lose – Governor BTC Price at the time of writing – $21,087...
Philippine Central Bank Governor Explains Crypto Policy — ‘I Don’t Want It Banned’ – Regulation Bitcoin News
The governor of the central bank of the Philippines has shared his policy on cryptocurrency regulation. “I don’t want it banned,” he said, advising investors not to invest money they cannot afford to ...
Binance ban off the cards, says Philippine trade and industry department
A proposal to ban global cryptocurrency exchange Binance from operating in the Philippines will not gather steam due to a lack of regulations towards cryptocurrencies in the country. The Philippines’ ...
Policy think tank asks Philippine government to ban Binance over promotions
Local think tank Infrawatch PH has sent a letter to the Philippines’ Department of Trade and Industry (DTI), urging the government agency to launch an investigation against crypto exchange Binan...
Billionaire Enrique Razon’s Prime Infra To Raise Up To $518 Million From Philippine IPO
Billionaire Enrique Razon, chairman of International Container Terminal Services Inc. (ICTSI) and … [+] Bloomberry Resorts Corp., speaks during a Bloomberg Television interview at the Milken Ins...
U.S. SPAC To Proceed With Okada Manila Deal Despite Management Fracas At Philippine Casino Resort
The Okada Casino launches its “dancing fountain” in front of its main building at Entertainment City in Manila on March 31, 2017. TED ALJIBE/AFP via Getty Images Miami-based 26 Capital Acq...
WaykiChain Spreads Public Welfare, Comes to a Philippine Fisher Village
[PRESS RELEASE – Please Read Disclaimer] A truck loaded with rice, flour, oil, salt, and other daily products departed from Manila, the Philippines’ capital, and drove slowly towards a fisher village ...
Philippine Developer Megaworld Boosts Capital Spending To $945 Million
Workers stand on scaffolding at a construction site in Manila. Basilio H. Sepe/ Majority World/Universal Images Group via Getty Images Megaworld, the real estate developer owned by billionaire Andrew ...