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July 2024: Philippines

Tech news headlines from The Philippines in July 2024 touched on items and developments including protections for domestic digital media firms from global giants such as Netflix, Filipino digital collectibles platform news, the acquisition of 2000 Philippines telecoms towers in a $400M deal, and more.  Hit the links below to read each Filipino tech news item in full, online and free-of-charge.

Plus: Asia’s Tech Newsletter, Weekly >

Payments Megatrends Asia Pacific 2024

Payments Megatrends Asia Pacific 2024 (pdf link)

  • Philippines: An overview of Science & Entrepreneurship Training Program – SCENT – a 6-month program to equip undergrads and grad students with a Japanese-style business mindset / full item
  • Philippines: Packworks, B2B marketplace and service provider to small ‘sari-sari’ stores, gains $60K Dept of Science & Tech grant to explore AI and ML use in inventory and marketing / full item
  • Philippines: An overview of moves to digitize the sari-sari stores economy, a sector through which near 70% of manufactured goods are distributed / full item
  • Bank of the Philippine Islands’ BPI Foundation launches 3rd edition of Small Enterprise Acceleration Lab – SEAL – Program, adding Business Education & Growth Initiative for Nano-entrepreneurs / full item
  • Philippines: An intro to Toki, focusing on digital collectibles and offering over 100K items for sale in live auctions, now looking at K-Pop, fashion and luxury sectors / full item

International Fund for Public Interest Media has launched a new grant program to support selected media outlets in the Philippines over the next three years / full item

  • Philippines: An overview of the DTI’s economic blueprint to develop the Philippines as a global powerhouse, with tech and startups as key drivers / full item
  • Philippines: ‘Entrepreneurship Ecosystem in the Philippines – Network Analysis and Mapping of Institutions Supporting Youth Entrepreneurship’ report now available to download / full item
  • Philippines: Global private equity major, KKR & Co, is to invest $400M in telecoms tower operations and expansion in the Philippines, acquiring near 2000 towers in the deal / full item
  • Philippines: Lawmakers have approved a bill proposing 12% tax on foreign digital services including streaming services like Netflix, aiming to safeguard domestic firms whilst boosting revenue / full item
  • Japan to help Philippines with 5G as alternative to Chinese tech for Indo-Pacific infrastructure, building on Palau and Cambodia initiatives, potentially later adding Indonesia and Vietnam / full item
Technology Trends Outlook 2024

McKinsey Digital: Technology Trends Outlook 2024

Asia Tech Newsletters: July 2024

Critical tech quarterly, Q2 2024

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