UNObank, Tonik get digital banking licenses in the Philippines

JG Summit confident of securing PH digital banking licence

Philippines files criminal complaint against scam-hit payment firm Wirecard’s ex-COO

PH food maker Monde Nissin debuts 0.14% lower after $1b IPO

Monde Nissin Corp saw it shares weaken 0.14% at the opening bell on its stock market debut on Tuesday, after the Philippine food maker raised 48.6 billion pesos ($1 billion) in the country’s largest-ever initial public offering (IPO). The IPO, Southeast Asia’s second-largest this year after the $1.8 billion IPO of Thailand’s PTT Oil and Retail…

PH’s Foxmont Capital seeks to make first close of $20m fund by Q3

Foxmont Capital Partners managing partner Franco Varona. Foxmont Capital Partners, a Philippine-based early-stage venture capital firm, is looking to make the first close of its second investment vehicle by the third quarter of this year.

Shell to sell stake in Philippine gas field for $460m

Royal Dutch Shell has agreed to sell its stake in a offshore gas field in the Philippines for $460 million as part of its strategy to narrow its oil and gas operations. Shell sold its 45% stake in Service Contract 38 (SC38), a deep water licence which includes the producing Malampaya gas field,…

Revolution Precrafted becomes cautionary tale for valuation-focused startups

Photo: Pixabay Revolution Precrafted is a different kind of unicorn — but then the startup scene in the Philippines has always been a bit different from the rest of Southeast Asia.

Monde Nissin draws GIC, Fidelity as cornerstone investors for PH IPO: Report

Photo by ikhsan baihaqi on Unsplash Monde Nissin Corp is reportedly in talks with a number of investors, including Singapore’s sovereign wealth fund GIC, financial services group Fidelity International, and Hong Kong insurer AIA Group to become cornerstone investors in…

Noodle maker Monde Nissin sets final price for Philippine IPO, eyes $1b

A trader takes orders on a telephone at the Philippine Stock Exchange. Source: Reuters Philippine food maker Monde Nissin Corp has revised its initial public offering (IPO) target downwards to $1 billion after setting the final listing price at 13.50…

Philippine food maker Monde Nissin secures investor commitments for $1b IPO

Photo: GoodEats YQR/ Unsplash Philippine food maker Monde Nissin Corp has secured investor commitments for a $1 billion initial public offering (IPO) at 13.50 pesos ($0.28) each, in what would be the country’s biggest IPO on record, three sources familiar with…

PH airline Cebu Pacific secures $250m from IFC, Indigo Partners

Aircraft visual from Cebu Pacific Philippine-listed low-cost airline Cebu Pacific Air announced that it has approved a $250-million investment from International Finance Corporation (IFC), IFC Emerging Asia Fund, and the local affiliate of US private equity firm Indigo Partners. In…

DDMP REIT makes Philippine stock market debut amid tepid trading

The Philippines. Photo by REY MELVIN CARAAN on Unsplash The Philippines’ first IPO of 2021 got off to a subdued start on Wednesday, with shares in DDMP REIT closing flat while the broader market edged slightly higher.

SE Asia Digest: PH-based Entech bags $5m funding; Draper acquires Vietnam’s Hatch!

Photo: Entech Philippines-based Entech Global Solutions has secured a $5-million financial commitment from US-based family office Concentric Equity Partners while Singapore’s Draper Startup House has acquired Hatch Ventures Vietnam. Concentric commits $5m to Manila-based Entech Global Solutions Chicago-based family office…

Del Monte Philippines revives listing plan, files for $907m IPO

Photo: Bloomberg Del Monte Philippines Inc (DMPI), a wholly-owned subsidiary of global branded food and beverage firm Del Monte Pacific Ltd (DMPL), revived its listing plan to raise 44 billion pesos ($907 million) in its initial public offering, per its…

Noodle-maker Monde Nissin receives PSE nod for $1.3b Philippine IPO

A trader takes orders on a telephone at the Philippine Stock Exchange. Source: Reuters Food maker Monde Nissin Corp has received approval from the Philippine Stock Exchange (PSE) for its planned initial public offering (IPO) that could raise 63 billion…

SEA Digest: Reciprocus consortium backs CarePlus; FDFC partners 2C2P

Photo from CarePlus’ Facebook account. Reciprocus Financial Services, a Singapore-based advisory firm, has led a consortium to acquire a 13% stake in the operator of Vietnam-based clinic chain CarePlus. In the Philippines, the country’s buy now, pay later app BillEase…

Southeast Asia trails Asia in IPOs amid SPAC boom in the US

FILE PHOTO: An SGX sign is pictured at Singapore Stock Exchange July 19, 2017. REUTERS/Edgar Su Stock exchanges in the Association of Southeast Asian Nations appear to be getting little love, even as the bloc’s tech startups eye opportunities to…

Truth hurts for Indonesia’s edtech startups

More patience is needed for Indonesia’s edtech industry, and the startup that’s simplifying healthcare benefits

Is this Bangladeshi startup a moonshot?

Diving into a little-known Bangladeshi startup’s plans to build a super app, and a look into the drivers behind Southeast Asia’s internet growth

Philippine logistics scion wants to give Grab a run for its money

Doubling down on its crowdsourcing model, QuadX is raising money and eyeing regional expansion.

Ex-Grab Philippines head seizes a generational opportunity with new startup

Regulations are driving the modernization of the Philippines’ jeepney system, giving Byahe a chance to solve the country’s transportation problems.

A generational opportunity for Philippine’s jeepney system

The ex-Grab exec who’s challenging the Philippine’s jeepney system, and Carousell’s shiny new marketing platform

Letter to readers: Why the ex-Grab Philippines head left his high-profile job

Short answer: To tackle a once-in-a-lifetime opportunity.

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