The Philippine government is backing the planned expansion of Canadian enterprise software firm OpenText in the country, a move officials said could bring more investments in cloud computing, artificial intelligence (AI), cybersecurity, and other digital technologies while generating additional high-value jobs.
Canadian business process outsourcing (BPO) firm NQX is planning to invest P632 million in the Philippines and add 725 direct jobs as it expands its operations outside Metro Manila, according to the Department of Trade and Industry (DTI).
Consumer finance and buy-now-pay-later app BillEase has announced an investment of $5 million from Saison Investment Management Private Limited (SIMPL), the offshore lending arm of Saison International.
The investments came from manufacturers of high-technology products such as TDK Corp., which plans to invest P7.2 billion; Taiyo Yuden, P1.6 billion; Terumo Corp., P1 billion; and Almex Technologies, P1 billion.
At the sidelines of the 43rd Asean Summit in Jakarta on Tuesday, Sept. 5, Department of Trade and Industry (DTI) secretary Fred Pascual revealed that two Indonesian technology companies -- PT Vaksindo Satwa Nusantara, and PT WIR Asia Tbk – will be investing heavily in the Philippines in the next few years.
As a “smart capital” partner, ARQ bridges the funding gap for companies seeking growth capital, matching their cash cycle with customized financing products, and provides entrepreneurs with solutions beyond finance.
Japanese firm Yokowo recently decided to choose the Philippines as the site of a new subsidiary for automotive wiring harness and components manufacturing and assembly operations.
Small borrowers and lenders looking to secure a loan or lend money can now do so easily and safely through MoneyMatch, an online peer-to-peer (P2P) lending platform developed by FinTech Global Resources Inc.
