The Philippines tech news summaries for Q2 2023, below, cover Filipino tech news across items such as: The Philippines’ moves into AI-generated policy; developments in the Filipino ePhilID digital ID system; the country’s hosting of the world’s largest floating solar energy project; and more.
The month links below – April, May & June 2023 – will take you to that month’s Filipino tech news summaries, with featured headlines linked to each Philippines tech news article behind the headline.
in June 2023 | in May 2023 | in April 2023
• Plus: Asia’s tech news today / weekly newsletters >
BCG, Foxmont VC: Philippines Venture Capital Report 2023
Philippines tech news
quarterly, June 2023
“Introduced in 2018, the Philippine Identification System Act (PhilSys) aims to provide a single digital ID system for transactions and access to social services.”
“May data from PhilSys shows that the country has completed 78.5 million registrations with demographic and biometric data, around 85 percent of the 92-million target.”
“A combined total of 61.54 million physical and digital ID cards, known as ePhilIDs, has been delivered so far.”
“Google’s TPU subsea cable system, designed to connect the United States with Taiwan, the Philippines, and Guam, could play a pivotal role amidst rising geopolitical tensions between the U.S. and China.”
“Each landing point, strategically placed within a region of escalating conflict, stands to ensure continuous connectivity and coordination, potentially securing American interests in the face of potential Chinese aggression over Taiwan.”
“On Demand Deals (Philippines): Empowers entrepreneurs to earn extra income from empty spaces by franchising ODD Stores, omnichannel convenience stores that can deliver in minutes.”
“Accelerating Asia launched Fund II in 2021, Cohort 8 is the fourth batch of investments for Fund II which will deploy capital across Southeast and South Asia pre-Series A startups.”
CSIS: Pulling back the curtain on China’s maritime militia
Philippines tech news
quarterly, May 2023
- Philippines: A brief video interview with ICT Department official, discussing the country’s startup ecosystem
- Philippines: A brief look at the recent Women In Blockchain event held in Manila, delivered by Binance and Yield Guild Games
- Philippines: Gov’t awards Blueleaf Energy and SunAsia Energy contracts to construct and manage world’s largest floating solar project, with capacity of 610.5 MW
- Grab Philippines fined $160K by Philippine Competition Commission due to ride-hail giant failing to refund consumers in full more than 3 years after ruling
- Available to download: Philippine Venture Capital Report 2023 from Boston Consulting Group
World Economic Forum Global Cybersecurity Outlook 2023
- Philippines: Applications for the Shell LiveWIRE Acceleration Program 2023 close June 5th, seeking tech startups and community-focused enterprizes
- Philippines: Angkas ride-hail firm’s Motorcycle Nanopreneur Digital Jobs Platform aims to turn 18M owners into small businesses, in part making it easier for unbanked populations to earn
- Philippines: An intro to Tekkon, Pokemon Go-like app using crowdsourcing to gamify public utilities repair, with users incentivized to monitor infrastructure in exchange for cryptocurrency
KPMG Venture Pulse Report Q2 2023 – Asia findings
- Investree Philippines crowdfunding platform launches ‘SME: The Heart of Investree’ campaign, aiming to boost accessibility and affordability of working capital for the country’s SMEs
- Philippines: Kickstart Ventures to speed deployment of $180M startup fund, with sights on 4th fund once current fund is depleted
Philippines’ BillEase, China’s Alipay+ and Agoda: “…recorded more than 26 times increase in ‘buy now, pay later‘ transactions in the travel category in [Q1} 2023, compared to the first quarter of 2022.”
- TikTok commences testing of AI-driven chatbot in the Philippines, apparently using as-yet unknown third-party AI provider rather than in-house tech from either TikTok or parent, ByteDance
- Etiqa Philippines partners UBX open finance platform to offer ‘Insure Now, Pay Later’ plan to consumers with or without credit cards
CSIS: Mapping semiconductor supply chains – Indo-Pacific’s importance
Filipino tech news
quarterly, April 2023
- Philippines: Advance gains $16M pre-A with salary-on-demand platform, and steps into Vietnam market with acquisition of BravoHR, diversifying beyond core employee focus
- Philippines: Limitless Lab launches GreatGov GPT, an AI tool to help officials ‘generate policy drafts and ideas…memoranda, bills, ordinances, guidelines, and terms of references’
- Philippines: IdeaSpace Foundation accelerator venture capital arm, IdeaSpace Investments, appointed as a Co-Investment Partner of Philippine gov’t Startup Venture Fund
The Escalating Global Risk Environment for Submarine Cables
- Philippines: Metro Pacific Tollways partners Brankas fintech to provide automated toll road e-wallet reloading via bank account integration
- Philippines: BayaniPay fintech launches new feature allowing overseas Filipino workers to directly pay real estate developers for property investments
- Philippines: Scale launches to support 15 selected startups, a program from Management Ass’n in partnership with PwC, QBO Innovation Hub and others
CSIS Asia Maritime Transparency Initiative – South China Sea and beyond
ASIA’S TECH NEWS: DAILY & e-newsletters
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