Blog Archives

Taiwanese computer giant returns to Subic

12/7/2018

SUBIC BAY FREEPORT – Taiwanese computer giant Wistron Infocomm Corp. will reopen its manufacturing plant here after closing shop almost a decade ago, officials of the Subic Bay Metropolitan Authority (SBMA) said.

Formerly one of the biggest export firms inside this free port, Wistron started recruiting to fill up 2,500 positions at its Subic facility.

Read more: Philippine Daily Inquirer

Foreign investment pledges up 6.5% to P45.9B in Q3

12/6/2018

Investment pledges from foreign investors increased for the second straight quarter, rising 6.5 percent year-on-year to P45.9 billion in the third quarter, the government reported Thursday.

In a report, the Philippine Statistics Authority (PSA) said total foreign investments green-lighted by seven investment promotion agencies (IPAs) from July to September grew from P43 billion in the same three-month period last year.

Read more: Philippine Daily Inquirer

Skype co-founder’s Oriente banks $105m from some of Southeast Asia’s richest families

12/3/2018

Southeast Asia’s 600 million-strong market is one of the most rapidly growing in the world. Despite this, only 27 percent of its population have bank accounts, data from professional services firm KPMG shows. In poorer countries like Cambodia, the numbers go even lower at 5 percent.

Skype co-founder Geoffrey Prentice aims to bring those numbers up by building financial identities for the unbanked through his newest venture, Oriente. And he’s just gotten the support of some of region’s richest families.

Hong Kong-based Oriente welcomes Malaysia’s Berjaya Group, the Philippines’ JG Summit Holdings, and Indonesia’s Sinar Mas as investors in its series A round, worth a whopping US$105 million. The investment follows joint venture deals that Oriente forged with the latter two conglomerates.

Read more: TechInAsia
Photo from: Oriente

Taiwan Tigerair starts flying to Cebu in the Philippines

12/1/2018

TAIPEI (Taiwan News) - Taiwan Tigerair starts flights between the island of Cebu in the Philippines and Taiwan Taoyuan International Airport Saturday.

The airline, a low-cost affiliate of China Airlines, said that in the initial phase, there would be four flights a week, the Central News Agency reported.

Flight IT537 will leave Taoyuan at 10:35 p.m. on Tuesday, Thursday, Saturday and Sunday, while flight IT538 takes off at 2:30 a.m. on Wednesday, Friday, Sunday and Monday.

Read more: Taiwan News