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News and Events

Grab, Uber Confirm Merger of Ride-Hailing Operations in Southeast Asia (Update)

Grab to notify competition authorities in Singapore but it’s not yet clear if it needs to do so in the Philippines

Ride-hailing rivals Grab and Uber have confirmed they are combining their operations in Southeast Asia in a multi-billion dollar deal, both companies announced separately on Monday, March 26.Under the deal, Uber will acquire a 27.5-percent equity stake in Grab while Grab will ...

by Lorenzo Kyle Subido  | March 26, 2018 10:00:00
News and Events

Uber Agrees to Sell Southeast Asian Operations to Grab, Says Bloomberg

In turn, the US ride-hailing firm will own 25-to-30-percent of the combined business

 Read updates to this story here: Grab Confirms Acquisition of Uber's Southeast Asian OperationsUS-based ride-hailing operator Uber has agreed to sell its Southeast Asian operations to Singapore-based rival Grab, according to a report by business media company Bloomberg published March 25. The ...

by Lorenzo Kyle Subido  | March 26, 2018 09:00:00
News and Events

Tony Fernandes’ AirAsia Aims to Foster More Links Between Indonesian and PH Startups with Direct Manila-Jakarta Flights

The Southeast Asian airline targets a new market segment called digital nomads

Jakarta, Indonesia -- AirAsia Philippines began direct service between the Philippines and Indonesia with an inaugural flight on January 9 from Manila to Jakarta. The airline, a unit of the pioneering Southeast Asian budget carrier Air Asia founded by Tony Fernandes, one ...

by Lorenzo Kyle Subido  | January 12, 2018 02:00:00
News and Events

How Rich are Filipinos Compared to Other Southeast Asians?

Data from Credit Suisse reveal the average net worth of adults living in the 10 ASEAN member countries

While the Philippines has the second highest GDP growth rate among Southeast Asian countries, its adult population only has the fifth highest average net worth in the region, according to a report by Swiss financial services company Credit Suisse.In its latest edition ...

by Lorenzo Kyle Subido  | January 08, 2018 09:00:00
News and Events

How Do Henry Sy, John Gokongwei Jr. and Lucio Tan Compare with Other Rich Listers in the ASEAN?

The PH tycoons would still be part of the region’s 50 wealthiest but with different rankings

Over the course of the year, Forbes Asia, the regional edition of the US business magazine, comes out with a list of 50 richest people of the different countries in Asia.In late November, the magazine published online the list of Indonesia’s 50 ...

by Lorenzo Kyle Subido  | December 10, 2017 09:00:00
News and Events

What PLDT Chairman Manuel V. Pangilinan Said About Slow Internet and Digital Economy at the ASEAN Business Summit

The "most-criticized" head of PH's largest telco shares his thoughts on fostering digital enterprises

When the moderator of the ASEAN Business and Investment Summit panel discussion on digital entrepreneurship on November 14, 2017 asked Manuel V. Pangilinan to summarize his thoughts on the topic as the most senior member of the panel, the PLDT chairman replied, ...

by Lorenzo Kyle Subido  | November 16, 2017 10:00:00
News and Events

ASEAN Tech: 5 Digital Platforms Built and Used Across Southeast Asia

These innovations have changed the way Filipinos and other Southeast Asians shop, travel and work

Aside from its huge economic potential and favorable environment for development, the Association of Southeast Asian Nations (ASEAN) has also been dubbed as a big source of technological innovation. The tech startup scene in Southeast Asia has seen tremendous growth in the ...

by Lorenzo Kyle Subido  | November 13, 2017 10:00:00
News and Events

How do PH’s Largest Firms Compare with their ASEAN Peers?

A closer look at the 63 Southeast Asian companies that made it to Forbes’ Global 2000 list

Locally, the Philippines’ largest companies dominate some of the most important industries if not the economy as a whole. But how do they compare to their counterparts in other Southeast Asian countries?A quick answer could be found by looking at the 63 ...

by Lorenzo Kyle Subido  | May 31, 2017 11:00:00
News and Events

PH Could be ASEAN's 2nd Biggest Emerging Economy by 2050

The Philippines is seen to overtake Thailand and Malaysia while Indonesia retains its top rank

The Philippines is seen to become Southeast Asia’s second largest emerging economy by 2050, according to a study by global accounting firm PricewaterhouseCoopers (PwC). Indonesia will retain its leading position in the region.In The World in 2050: Will the shift in global ...

by Pauline Macaraeg  | February 25, 2017 10:00:00
News and Events

Training Scheme that Tripled Income of Small Entrepreneurs in Malaysia Now In PH

Malaysia's biggest bank wants to provide similar mentoring to 200 micro and small business owners in Manila and Cebu in January

Maybank Foundation CEO Shahril Azuar Jimin speaks before the beneficiaries of its education initiative in Singapore last April. Jimin plans to expand one of its outreach programs to the Philippines in JanuaryMaybank Foundation, the philanthropic arm of Malaysia's biggest bank by assets, ...

by Elyssa Christine Lopez  | December 15, 2016 10:00:00
FirstDibs in Marketing for Entrepreneurs

Surviving in the midst of giants

By 2015, Southeast Asia will have started operating as a single market and production base. It will open our local market to the rest in the region. Should this be considered as an opportunity or as a threat especially by micro, small, and medium enterprises (MSMEs)?

Dear Amor, Everybody knows that Southeast Asia will soon have a single market and production base come 2015, as ASEAN nations lift tariff and non-tariff barriers in light of the coming ASEAN Economic Integration. Should MSME owners like me be happy, or should we ...

by Amor Maclang  | February 12, 2014 02:00:00
News and Events

The top 10 smartphone apps in Southeast Asia

Facebook, arguably the world's most successful social media platform, has topped a ranking of smartphone apps in Southeast Asia. Other popular apps across the region included Google Play Store, YouTube and LINE.

Facebook, arguably the world’s most successful social media platform, has topped a ranking of smartphone apps in Southeast Asia released today by Nielsen, a leading global provider of information and insights into what consumers watch and buy.The Southeast Asia Top 10 Smartphone ...

by Entrepreneur Staff  | September 26, 2013 01:00:00
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