Philippines technology headlines in October covered developments in the Filipino tech scene including: The Philippines’ ambitious goals to develop a semiconductor industry workforce of near 130,000; Filipino blockchain startups on the pitching stage; a Philippines digital tax on overseas platforms, aiming to protect domestic SMEs; and more – hit the links below to read each Filipino tech news item in full.
Philippines: Market reference
- The Philippines’ population (2023): 117.3 million
- The Philippines’ online population: 73M / 64.1%
- The Philippines’ median age: 25.7 years
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JP Morgan: Web3 – a new era for social commerce
- The Philippines is betting that its low costs and ample workforce could help attract manufacturers. Talent shortage is one of the main challenges for global chipmakers… / full item
- Philippines: Ayala Corp to sell 50% of shares in Mynt, parent of GCash – and JV between China’s Ant Group, Philippines’ Globe Telecom and Ayala – to Japan’s Mitsubishi in $318M deal / full item
- Philippines: A brief overview of the blockchain-based startups incubated by Block Dojo PH, working on solutions in fitness, mental health, pet care and more / full item
- Philippine Space Agency, the European Union, and PH Dept of Science & Tech launch CopPhil Centre, infrastructure program and satellite data mirror site / full item
- Philippines: Over 250 arrested in raid on online scam farm in Manila, located less than 1km from Pasay City Senate building / full item
Galaxy: The Digital Asset Investable Universe
- Philippines: “…data released by the BSP… showed the share of digital payments to total retail payment transactions in the country grew to 52.8% in 2023, from 42.1% in 2022…” / full item
- The Philippines is looking to develop 128,000 semiconductor industry-focused engineers and technicians by 2028, further growing its place in packaging and assembly / full item
- Philippines: IGNITE 2024 Conference & Expo takes place in Manilla, October 10-11, featuring thought leaders from The Philippines, Japan, Singapore, Taiwan, Indonesia and Malaysia / full item
Coincub: Crypto Banking Report 2024
- Philippines: Clout Kitchen AI startup raises $4.45M with gaming- and pop culture-focused fan engagement, with first product an AI-driven in-game ‘buddy’ / full item
- Philippines: International Finance Corp’n, World Bank Group member, invests over $7M in First Circle, a smart banking firm focused on Filipino SMEs / full item
- Philippines: New law passes, placing 12% tax on offshore firms providing digital services, impacting products and services including search, webinars, mobile apps, games and more / full item
- Philippines: StB Giga Factory Inc launches to produce advanced lithium iron phosphate batteries, with plans to export 70% / full item
Franklin Templeton: Digital Assets Bulletin, September 2024
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