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Microsoft Digital Defense Report 2022
- “Rural banks serve more than half of the Philippines’ population [of 111 million]. Yet less than a quarter of them have started digitising.”
- UnionBank of the Philippines launches pilot program to intro crypto assets custody and trading for clients, partnering Switzerland’s Metaco to offer retail clients trading in Bitcoin and Ethereum
- Philippines: Humble Sustainability secures $750K focusing on excess inventory – returned items from e-commerce, logistics and retail – preventing landfill growth and moving items on to resellers
- Philippines: Archipelago Labs startup accelerator launches to invest in and boost promising startups and talents in the Filipino Web3 ecosystem
“By the end of 2022, A-Labs aims to release its first iteration of the State of the Archipelago, a quarterly report on all things Web3 in the Philippines. In 2023, the accelerator program will run its first cohort for the Archipelago Labs Accelerator Block (ALAB), an 8-week cohort-based accelerator program.”
- Philippines: Murch university student-led e-commerce platform wins Innovation Champion award at ASEAN Young Business Youth Association LEAPS Demo Day
- Philippines: Dept of Trade and Industry aims to roll out $4M Startup Venture Fund by early 2023, citing change in administration for delays
- Philippines: Filipino startups can now apply for the Dep’t of Info and Comm’ss Technology Startup Grant Fund, potentially receiving grants of up to PHP1 million
- Philippines: BayaniPay raises $4.5M with cross-border digital financial services for the Filipino American community
“It said East West Bank joins BDO Unibank, the Philippines’ largest bank; Asian Journal, one of the leaders in the Asian American media industry; and Seafood City, the largest Filipino-owned supermarket chain in the US, in BayaniPay’s roster of collaborators.”
- Philippine Economic Zone Authority inks MOUs with 2 Japanese firms, aiming to boost investments in renewable energy and manufacturing, and to facilitate related-industry Japanese and Filipino startups
- Philippines: PLDT telco expands international cable network with 9400km subsea Asia Direct Cable, linking to Singapore, Hong Kong, Thailand, Japan, Vietnam and China
- Philippines: NOW Telecom gains US Trade & Development Agency support in deployment of 5G tech
- Philippines: First low-earth orbit satellite broadband service in Southeast Asia set for launch in the Philippines with USAID support, and in partnership with SpaceX Starlink
“USAID is supporting the launch of the first Low Earth Orbit Satellite Broadband Service in Southeast Asia, in partnership with SpaceX Starlink, in the Philippines.”
- Philippines: Nanotronics, backed by Dep’t of Science & Tech, takes Shell LiveWIRE award with production of sustainable nanomaterials derived from renewable indigenous plants, for industrial uses
- South Korea’s Perigee Aerospace inks MoU with Philippine Space Agency, seeing opportunity to become ‘SpaceX of Asia’
Lowy Institute Asia Power Index, 2021 edition
Asia’s tech news headlines
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