Designer Fund Raises $20 Million
Designer Fund managed to raise $20 million in funding from anonymous individual investors. The notably backs up startups with designers on their founding teams. It was founded by Enrique Allen …
SpaceX Lands Another Rocket on Drone Ship
SpaceX successfully managed the launch of Japanese communications satellite, JCSAT-14, on their Falcon 9 rocket. The launch took place at May 6, 2016, 1:22am EST. The rocket’s first stage was …
Ayala Land Nets P4.7 Billion in First Quarter
Drawing strength from continued developments in both new and existing estates, Ayala Land, Inc. managed to acquire P4.7 billion in net profit in the year’s first quarter. According to a …
Metro Pacific Investments Corp Profit Up 8%
Metro Pacific Investments Corp. saw an increase of its first quarter net income by 8%. The growth is attributable to shareholders, due to power, water, rail, and hospital unit contributions. …
Venture Investments in New Tech to Reshape US Industry
Waves of venture investments into brand new manufacturing startups may change the landscape of American manufacturing as we know it. New processes like three-dimensional printing and on-demand machining is speculated …
Microsoft Acquire Solair
In an announcement, Microsoft revealed that it acquired Solair, an IoT service based in Italy founded in 2011. The company had already used Microsoft’s Azure cloud computing platform to offer …
RCBC Net Income Rises
Rizal Commercial Banking Corp.’s net income managed to grow by a tenth in the year’s first quarter. Yuchengo conglomerate’s banking arm booked a P1.8 billion unaudited consolidated net income within …
Meralco Looking for ERC Nod on Power Supply Pacts
Manila Electric Co. is looking towards a regulatory approval to source 3,551 megawatts of its power requirements from seven companies. This includes two under its own power generation subsidiary. Alfredo …
Tastemates Can Help Find People with Similar Interests
Tastemates, a brand new startup has built a social network around the connection forged between people due to the discovery of mutual interests. According to the startup’s CEO Jon Vlassopulos, …
Hulu to Introduce New Cable TV-Like Service
Hulu, in an attempt to compete with Sling TV, is fleshing out a brand new cable-TV like service. This is done by agreeing to license channels from Hulu’s co-owners: 21st …