The world’s largest crypto exchange Binance is currently seeking the Virtual Asset Service Provider (VASP) and Electronic Money Issuer (EMI) licenses in the Philippines. Binance CEO “CZ” met with Phil...
Tag: Philippine
Thai Billionaire Isara Vongkusolkit’s Banpu Buys Exxon Mobil’s Texas Gas Fields For $750 Million
The Barnett Shale Gas field in Fort Worth, Texas, is pictured at dusk on February 27, 2006. XTO … [+] Energy Inc. is extracting natural gas at this facility. J.G. Domke/Bloomberg News Banpu—cont...
Billionaire Enrique Razon Steps Up Expansion Of Philippine Casino Empire
Billionaire Enrique Razon, chairman of International Container Terminal Services Inc. (ICTSI) and … [+] Bloomberry Resorts, speaks during an interview in Manila, the Philippines, on September 16...
Retail’s Worry: As Philippine Trade Ramps Up
MANILA, PHILIPPINES – MAY 07: Ferdinand “Bongbong” Marcos Jr. waves a Philippine flag during his … [+] last campaign rally before the election on May 07, 2022 in Paranaque, Met...
Philippine Billionaire Enrique Razon’s Bloomberry To Invest In Tycoon Dennis Uy’s Casino Projects
The Solaire Resort and Casino, operated by Bloomberry Resorts Corp., stands illuminated at night in … [+] Manila, the Philippines, on Saturday, April 27, 2019. Photographer: Veejay Villafranca/B...
Peso Rebounds But Stocks Drop
Presidential candidate, Ferdinand Marcos Jr., the son of the late dictator gestures to the crowd at their last campaign rally known as “Miting De Avance” on Saturday, May 7, 2022 in Parana...
LT Group Appoints Billionaire Lucio Tan’s Grandson To Vice Chairman As Conglomerate Gears Up For Recovery
Philippine Airlines director Lucio Tan III (left) and PAL president and chief operating officer … [+] Stanley Ng (right). Courtesy of Philippines Airlines Billionaire Lucio Tan’s 29-year-old gra...
Tycoon Anthony Salim-Backed PLDT To Sell Telecom Towers For $1.5 Billion In Landmark Philippine Deal
Telecommunications towers on blue sky, a red and white, the other white, antennas for television, … [+] radio, and mobile phones. getty PLDT Inc.—which counts Indonesian billionaire Anthony Sali...
Voyager Becomes Second Philippine Unicorn After Raising $210 Million From SIG-Led Funding Round
Voyager’s PayMaya app enables consumers to pay for their purchases using their mobile phones. Courtesy of Voyager Innovations Voyager Innovations—owner of e-wallet PayMaya and digital bank Maya ...
Philippine Fintech Voyager Attains Unicorn Status Following $210M Fundraise
Voyager is now the second fintech unicorn in the Philippines and is looking to enhance products offered by its digital payments app PayMaya. Philippine fintech startup Voyager Innovations recently ann...
Philippine Billionaire Po Family’s Shakey’s Sees Profits Exceeding Pre-Pandemic Levels Amid Expansion
Shakey’s Pizza opened its first outlet in Singapore in March. Courtesy of Shakey’s Pizza Shakey’s Pizza Asia Ventures—controlled by the family of late billionaire Ricardo Po Sr.—expects pr...
Philippine Billionaire Lucio Tan’s PAL Holdings Returns To Profit After Downsizing Fleet, Debt Restructuring
A Philippine Airlines (PAL) plane takes off at the Ninoy Aquino International Airport (NAIA) in … [+] Manila on August 5, 2010. AFP PHOTO/NOEL CELIS (Photo credit should read NOEL CELIS/AFP via ...
Philippine Billionaire Sy Family’s SM Investments Takes Over Geothermal Company In $304 Million Deal
SM Investments is taking over Philippine Geothermal, which produces electricity from geothermal … [+] steam fields in Bicol, south of the Philippine capital of Manila and famous for its pictures...
UnionBank Raising Up To $1.1 Billion To Fund Acquisition Of Citigroup’s Philippine Consumer Banking Unit
A pedestrian walks in front of Citibank’s office in the financial district of Makati suburban Manila … [+] on November 18, 2008. Asian shares fell November 18 on mounting fears of an exten...
China Tests Philippine Sovereignty And U.S. Commitment To International Law
In this photo provided by the Philippine Coast Guard, a Philippine Coast Guard looks as a a Chinese … [+] Coast Guard ship sails near them during their patrol at Bajo de Masinloc (Scarborough Sh...
Philippine Billionaire Betty Ang’s Monde Nissin To Cut Spending Amid Challenging Business Environment
Monde Nissin, the Philippines’ largest instant noodle maker, bought British alternative meats maker … [+] Quorn in 2015. Simon Dawson/Bloomberg Monde Nissin—controlled by tycoon Betty Ang ...
Billionaire Lucio Tan’s Philippine Airlines Plots ‘Comeback’ As Carrier Boosts Passenger, Cargo Flights
Lucio Tan arrives in Davao City, on the southern island of Mindanao, to meet Philippines’ … [+] president-elect Rodrigo Duterte. NOEL CELIS/AFP via Getty Images Philippine Airlines—control...
Billionaire Lucio Tan’s Philippine Airlines Boosting Flights By 52% Amid Tourism Recovery Hopes
Philippines Airlines Airbus A320 RP-C8614 passenger plane departs from Hong Kong’s Chek Lap Kok … [+] Airport. getty Philippine Airlines—controlled by billionaire Lucio Tan—is increasing i...
Philippine Central Bank Rolls Out Digital Currency
The Philippines is inching closer to issuing a regulated, centralized digital peso after its central bank announced a pilot run called Project CBDCPh. The Covid-19 pandemic proved a turning point for ...
Peter Thiel-Backed Philippine Fintech Startup Raises $31 Million, Aims To Be A One-Stop Shop For Southeast Asia’s Financial Needs
(From left) PayMongo’s CTO Jaime Hing III, CEO Francis Plaza and CCO Luis Sia. COURTESY OF PayMongo Manila-based fintech startup PayMongo—backed by the likes of PayPal cofounder Peter Thiel, pay...
Tiger Global went live with a $50M financing round in trading platform of the Philippine
According to Fintech News Philippines, Tiger Global led a US$50 million Series B financing in cryptocurrency trading platform Philippine Digital Asset Exchange (PDAX). Bonds, a blockchain-enabled soft...
Philippine Crypto Exchange Raised $50M from Series B Round, Led by Tiger Global
Philippine Cryptocurrency Exchange (PDAX) raised $50 million on Thursday, Feb 10, from a Series B round led by Tiger Global management. Founded in 2018, PDAX is a digital currency exchange that enable...
Philippine Crypto Exchange Snags $50 Million In Funding Round Led By Tiger Global
The Philippines was ranked third in Southeast Asia in terms of adopting of digital assets, according … [+] to Chainalysis. AFP via Getty Images Philippine Digital Asset Exchange (PDAX) has raise...
Billionaire Tony Tan Caktiong’s Jollibee Beefs Up Global Expansion As Profits Hit Pre-Pandemic Levels
A Jollibee mascot is seen at one of the company’s restaurant in Hong Kong on June 14, 2018. Getty Images Jollibee Foods—controlled by billionaire Tony Tan Caktiong—said Thursday it plans to acce...
Yield Guild Games Raises $1.45M for Philippine Typhoon Relief
Yield Guild Games (YGG) has raised $1.45 million to support people affected by December 16’s Typhoon Odette in the Philippines, with nearly $1 million already dispersed to people in need. The fu...
DoubleDragon, Jollibee Ramp Up $482 Million Warehouse Portfolio Ahead Of IPO As E-Commerce Booms
A Jollibee delivery worker rides a motorcycle through Manila’s busy streets on October 14, 2015. JAY DIRECTO/AFP via Getty Images CentralHub Industrial Centers—a joint venture between real estat...
Philippine Billionaire Ramon Ang’s San Miguel To Switch On Solar-Powered Battery Storage This Year
Ramon Ang speaks at the 16th Nikkei Global Management Forum in Tokyo, Japan, on November 12, 2014. Kiyoshi Ota/Bloomberg San Miguel Corp.—controlled by billionaire Ramon Ang—will switch on solar-power...
Billionaire Lucio Tan’s Philippine Airlines Exits Bankruptcy, Poised To Recover From Pandemic Losses
HONG KONG, HONG KONG – AUGUST 08: An Airbus A340-313 passenger plane belonging to the Philippine … [+] Airlines taking off at Hong Kong International Airport on August 08 2018 in Hong Kong...