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It could also lead to a new digital bank in the Philippines.
JG Summit has teamed up with Tyme, a digital bank from South Africa with plans to expand TymeBank in South Africa, the Philippines, and more.JG Summit and private equity fund Apis Partners have invested $110 million (P5.3 billion) in Tyme, and the ...
 
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The Champagne brand, owned by rapper and businessman Jay-Z, is famously known for its Ace of Spades logo on a metallic silver bottle.
Despite a significant plunge in profits last year, LVMH has made the decision to buy a 50-percent stake in Armand de Brignac. The Champagne brand, owned by rapper and businessman Jay-Z, is famously known for its Ace of Spades logo on a metallic ...
 
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Phoenix would like to set the record straight.
Earlier today, we burst everyone’s bubble with this story explaining why Converge and its CEO Dennis Anthony Uy was not partnering with SpaceX and mega-billiionaire Elon Musk to bring high-speed internet to the Philippines. At least not yet.And it looks like we ...
 
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But global stocks are mixed.
Bitcoin moved closer to $50,000 for the first time on Tuesday, while the dollar declined as equity traders monitored anticipated US fiscal stimulus and Covid-19 vaccine developments.Asia's main stock indices closed stronger, with Tokyo hitting a 30-year high, while the Dow Jones ...
 
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Avion School is producing new batches of Filipino software engineers.
Filipino startup Avion School has just bagged a $125,000 investment from Y Combinator, a U.S.-based accelerator that has invested in Airbnb, Dropbox, and Reddit.Avion School is an edtech startup that teaches aspiring software engineers in only 12 weeks. It was only formed ...
 
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No word yet on its launch date.
The Philippine Stock Exchange (PSE) is pushing through with its plans to introduce short selling to the local bourse. According to PSE president Ramon Monzon, short selling will begin as soon as the details are ironed out with the Securities and Exchange ...
 
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One step closer.
It looks like Monde Nissin's IPO is pushing through. According to a Bloomberg report, Monde NissinCorp. has chosen the banks that will arrange the company's upcoming and potentially record-breaking $1 billion initial public offering.Monde Nissin has reportedly tapped Citigroup Inc. and Credit Suisse ...
 
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The Filipino podcast startup aims to go international.
Podcast Network Asia (PNA), a Filipino podcasting startup, has raised $750,000 (P36 million) in its latest round of seed funding from investors Lisa Gokongwei, president and CEO of Summit Media and head of JG Summit’s digital transformation office; Foxmont Capital, a Filipino-focused ...
 
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PSE remains 'cautiously optimistic.'
With 2020 and its volatile economy behind us, the Philippine Stock Exchange (PSE) is “cautiously optimistic” for a more hopeful 2021 as it eyes at least three initial public offerings (IPO) and four real estate investment trusts (REIT) for the new year.“For ...
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