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PH firms out for a slice of $100M US tech venture capital

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Smart Communications Inc. is hosting group of venture capitalists led by US-based business accelerator 500 Startups that is on an investment mission in Manila, alongside IdeaSpace, Voyager Innovations Inc., Smart Developer Network and Smart Bro.

A group of venture capitalists led by US-based business accelerator 500 Startups is raising $100 million to be invested in startups around the world, the Philippines included.

Posted: July 25th, 2014 in Latest Business Stories | Read More »

Metrobank to raise P20B in deposit notes

Local banking giant Metropolitan Bank and Trust Co. plans to raise as much as P20 billion from an offering of high-yielding deposits, seeking to harness funds from the cash-awash financial system.

Posted: July 25th, 2014 in Headlines | Read More »

Metrobank completes P6.5B IOU issuance

Local banking giant Metropolitan Bank & Trust Co. has completed the issuance of debt notes qualifying as tier 2, or supplementary, capital worth P6.5 billion.

Posted: July 24th, 2014 in Headlines | Read More »

Greenergy sells RE stake to Euro firm

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Listed firm Greenergy Holdings Inc. unloaded its majority stake in a joint venture renewable energy firm to raise funds for future acquisitions.

Posted: July 3rd, 2014 in Headlines | Read More »

Melco hikes casino capex

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Casino operator Melco Crown (Philippines) Resorts Corp. is planning an equity offer via “top-up” placement to cover part of P9-billion increase in capital outlays for the upcoming integrated resort City of Dreams Manila.

Posted: June 19th, 2014 in Headlines | Read More »

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  • Bangko Sentral raises key policy rates
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  • Google says ‘forgetting’ isn’t easy, as removal requests mount
  • Mommy D trends online amid reports she has a boyfriend
  • Britain to trial driverless cars from 2015
  • Japanese gov’t, publishers demand online ‘Manga’ pirates to shut down
  • Twitter flies on surprisingly strong numbers
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  • Editorial cartoon, August 1, 2014
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  • US envoy vows continued support to PH efforts to stop media killings
  • Guilty Chinese trio pinned down by housemaid at Parañaque ‘shabu’ lab
  • US firm pulls out insulting video on Filipino nurses
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  • Filipina nurse stabbed to death in New Jersey; boyfriend charged
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