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For the first seven months of 2024, we take a look at the five biggest blue-chip losers to date and where investors can potentially pick them up.
As we pass the mid-year mark, the stock market faces significant challenges. Persistent market uncertainties, driven by the looming threat of a global recession and ongoing conflicts in the Middle East, have dampened investor sentiment. These factors have contributed to the ...
Robust price growth has been observed in the following Southern villages thanks to "reverse migration."
As more residential buyers look at homes in Southern Luzon, some villages outside of Metro Manila, particularly in Cavite, are reaping the benefits from this "reverse migration," according to a report by Leechiu Property Consultants (LPC).In the case of the 118- ...
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More often than not, the younger population has little to no access to banking services due to their limited credit history and the stringent requirements of financial institutions in the Philippines. Yet, quite surprisingly, this age group is the most financially literate ...
A "pay later anywhere" card is in the pipeline for countries including the Philippines.
Atome Financial, a leading financial technology platform in Southeast Asia, has secured a new loan facility from Singapore-headquartered EvolutionX Debt Capital. The investment, which hopes to raise an additional $100 million through a syndicate of investors, has a three-year term. ...
According to a stock exchange disclosure.
Liquor producer Emperador, Inc. (EMP) has allocated P6.5 billion for its capital expenditures to grow its distillery this year. According to the company, the investment is expected to double its current production capacity while catering to the rising demand for premium ...
The company hopes to raise $200 million in processed payments globally this year.
BayaniPay, a financial technology startup, is looking to increase its processed payments tenfold, from $20 million in 2023 to $200 million within the year. This comes after the company secured an additional $3 million in fresh capital from investors Wavemaker Partners, PTGB, ...
The fintech startup claims to offer the "highest" foreign exchange rates.
Financial technology startup Elevate has raised additional funding worth $5 million (almost P293 million) to expand its operations and cater to more freelancers in the Philippines. The platform simplifies the process for self-employed workers to receive payments in U.S. dollars ( ...
Mober offers sustainable logistics services with its all-electric vehicles.
Mober, an electric vehicle startup in the Philippines, is set to expand its fleet after securing an investment of $6 million (P350 million) from the Southeast Asia Clean Energy Facility II (SEACEF II). The funding allows the company to increase the number ...
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The property is seen to rise in Cavite.
Property developer Cebu Landmasters, Inc. (CLI) is expanding outside of its market in the Visayas and Mindanao. The company has set aside P14.5 billion for its capital expenditure this year, while about P27.6 billion worth of new developments are in ...
The homegrown coffee chain is the 33rd company to become part of the network, joining the likes of Bo's Coffee and Zark's Burgers, among others.
Pickup Coffee is gearing up to broaden its market in the Philippines even more as it joins Endeavor's network of "high-impact" global entrepreneurs.Endeavor made the announcement at the 99th International Selection Panel held in Nairobi, Kenya from May 22 ...
With the latest funding, Humble Sustainability is one step closer to achieving its goal of promoting a circular economy in the Philippines.
Climate technology startup Humble Sustainability is set to scale up its advocacy of reducing electronic waste after securing additional funding from Asia-focused venture capital firm Gobi Partners. The amount, however, was not specified in the new release.The funding, made possible ...
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The SEC has filed a criminal complaint versus ‘Millennial CEO’ Mica Tan and the officers and even the accounting firm of her company for what the agency calls “illegal investment-taking activities.”
This story has been updated with a new statement from the MFT Group of Companies re: the SEC's filing of the criminal complaint with the Department of Justice.On Monday (April 22), the Securities and Exchange Commission announced that it has ...
What's next for the Philippines as the fastest-growing economy in the region.
The Philippine startup ecosystem is in the middle of an inflection point, Foxmont Capital Partners Founding Managing Partner Franco Varona said at the BUILD Startup Festival 2024.Varona was among the various leaders throughout the startup community at BUILD to discuss the ...
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