ARTIFICIAL INTELLIGENCE (AI) and efficient data management in business operations will boost the Philippine financial technology (fintech) industry, according to AI-powered platform Provenir. “The pandemic and its restrictions caused a huge generational spike in the eruption of digital services and has demanded that businesses adapt themselves at a very high speed,” said Provenir General Manager for Asia-Pacific Bharath Vellore. Firms …

Join the pack. Meet Packworks! This Philippine startup’s here to build a super app to power every sari-sari store’s needs. Now, they’ve just raised a $2M seed. > “Sari-sari stores” are small roadside neighborhood shops, similar to “warungs” in Indonesia. Investor check. Logistics group Fast Group and CVC Capital Partners co-led the round. ADB Ventures, Arise, Techstars and Ideaspace Foundation …

CEBU, Philippines — Singapore-based venture capital firm Insignia Ventures Partners has filed with the U.S. Securities and Exchange Commission to raise its third fund, which will likely make early-stage tech investments in Southeast Asia. The filing, signed by Insignia’s founding managing partner, Yinglan Tan, did not specify the target size for Insignia Ventures Partners Fund III. A Deal Street Asia …

MANILA, Philippines — The Philippines is projected to record the highest economic growth rate in 2022 and 2023 among ASEAN Plus Three countries, according to Finance Secretary Benjamin Diokno on Wednesday. He said they have already submitted the DOF’s Medium-term Fiscal Consolidation Framework, which outlines targets during the term of President Ferdinand Marcos Jr. from 2023-2028. ADVERTISEMENT “We expect the …

HANOI — Atlas Capital, a climate technology venture capital firm founded by Southeast Asia-based French entrepreneur Djoann Fal, is aiming to raise a $10 million debut fund that it expects to grow to $50 million over time. Atlas Capital is a so-called angel investor syndicate that allows retail investors to participate in climate tech funds. Th community currently has over …

HANOI — Malaysia-headquartered private equity firm Navis Capital Partners has launched an Asia credit platform, Navis Asia Credit, and roped in BlackRock’s Asia credit business executive, Justin Ferrier, as its managing partner to spearhead the new unit. Ferrier was a managing director at U.S. investment giant BlackRock from 2016, where he sat on the private credit investment committee and helped …

The Philippines has the fastest growing e-commerce markets in SEA. 80% of SEA mothers are household decision makers for purchases. However, there has been a lack of quality products and services in the SEA e-commerce industry. edamama has recognized this growing need of mothers and has provided them with quality baby care products through a seamless, personalized shopping experience. They …

In this month’s inside look into the Philippines – IMF expects the Philippines to be the fastest growing among the ASEAN-5 in 2022. ADB sees robust domestic demand fueling Philippine growth in 2022 and 2023. PLDT offloads 5,907 towers for USD 1.5 billion in largest Philippine asset sale to foreigners. Voyager raises USD 210 million, becomes the Philippines’ second unicorn. …

Hanoi – Vietnam is now on its way to becoming a new global manufacturing centre. At a recent Investment Promotion Conference in Vinh Phuc province, K.C Chen, Deputy CEO of Compal Vietnam Co., Ltd (Taiwan) outlined the operation of its 500 million USD laptop factory in Vinh Phuc. According to him, the company is currently a manufacturer for Dell, Google …

Many Vietnamese firms are trying to display their products in foreign supermarket chains to sell them abroad, but it is not an easy task, according to insiders. Hanoi-Many Vietnamese firms are trying to display their products in foreign supermarket chains to sell them abroad, but it is not an easy task, according to insiders. To Huynh, a leading member of …