Here are some interesting startup news around Philippines, not only in its capital, Manila, but also other startup hubs such as Cebu, General Santos City, Pasay, Quezon City, and many more.
(1) IP communications and social networks community provider AstraQom has launched a new tool for the PinoyKubo social network, an opportunity for any PinoyKubo member to start and operate his or her own electronic store and sell services and products online. Because of the company’s emphasis on empowering Filipinas and Filipinos in the Philippines and abroad and also those who enjoy the culture, there are no fees assessed to transactions. Payments are made via Paypal.
(2) San Miguel Corporation, the parent company of Petron Corporation, is making its mark as a petroleum leader in the region with its expansion in Malaysia through the acquisition of three subsidiaries comprising Exxon Mobil’s downstream oil business in Malaysia. Esso Malaysia Bhd, ExxonMobil Malaysia Sdn Bhd, and Exxon Mobil Borneo Sdn Bhd have been purchased by San Miguel Corporation for a reported $610 million.
(3) Remittances from Overseas Filipino Workers (OFW) reached US$9.6 billion in the first half of 2011, making them and their families the country’s biggest market for aspiring entrepreneurs.
(4) What used to be scattered over the limitless cyberspace can now be found under one roof. Aptly called, themall.ph, it serves as the online storefront of upcoming designers and manufacturers as well as established retail brands and the ultimate shopper’s guide for everything fashionable.
(5) Socialite Paris Hilton is following in her family’s footsteps as she is heading to the Philippines to launch a property venture.
We thank nordicfactory for the flag image.
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