Bidding for IBC-13 Invite Expected in Apri
An invitation to bid on the privatization of IBC-13 is expected to be issued by the government. IBC-13 president Lito O. Cruz revealed in an interview that the invitation to …
WeChat Grows to 697 Million Active Users
WeChat, a messaging app owned by Chinese holding company Tencent added nearly 200 million monthly active users last year. At the end of December, the company had over 697 million …
Local Service App ServisHero Raises 2.7m to Launch in Thailand
ServisHero, theUber for local services, raised US$2.7 in a pre-series A financing round. The funding was led by Golden Gate Ventures. Cradle Seed Ventures also participated. The financing will be …
Local Government Units Get Help with Composting Facilities
Composting facilities worth Php100 million has been allocated by the government to 172 qualified local government units. The purpose of this allocation is to enhance the prospect for organic farming …
New Outsourcing Firm Hopes to Hire 500 in Philippines
ServiceSource International is expecting its business to grow strongly within the Philippines. A newcomer in the local knowledge process outsourcing industry, it forecasts more companies around the globe to shift …
Letterboxd Releases New App to Help You Keep Track of Movies
Letterboxd is a great website where you can keep a record of the movies you’ve watched; build and share movie lists; and read sensible reviews. However, the website was said …
Xiaomi Releases One of the Priciest Smart Bikes at $3,000
Xiaomi-backed startup iRiding is set to release a smart bike by this week. Information on its US$3,000 price has been publicized earlier, and finally an image of what the actual …
Thrift Bank Incentives Considered
The Bangko Sentral ng Pilipinas is considering extending incentives towards thrift banks that will consider mergers. This is part of their efforts in improving the viability of smaller lenders. Back …
The Philippines to Benefit from China Infrastructure Push
The “Belt and Road” initiative of China is expected to boost the financial sector of the ASEAN region. The endeavor can also help the Philippines identify brand new opportunities that …
Automatic Brakes Expected to Become Standard by 2022
An announcement was made that by the year 2022, new vehicles by twenty manufacturers will feature automatic emergency braking as standard equipment. The 20 automakers part of the agreement cover …