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Philippines Digest – 30 Jul

Here you can find some interesting startup news around Philippines, not only in its capital, Manila, but also other their startup hubs such as Cebu, General Santos City, Pasay, Quezon City, and many more.

(1) Real estate giant Megaworld Corporation announced its plan to develop the 7.1 hectare property of the National Police Commission in Fort Bonifacio, Taguig into a P25 billion business complex.

(2) The Department of Trade and Industry (DTI), the Department of Agriculture (DA), and the Local Government of Quezon City is jointly monitoring supermarkets and wet markets to check on the stability of prices and supply of basic necessities and prime commodities.

(3) The Social Security System (SSS) will release new Unified Multipurpose Identification System or “UMID” cards free to members before the end of the month. The new UMID ID has a contactless chip and a magnetic stripe, which stores information.

(4) Cebu Pacific announced that they have now the biggest market share in flights between the nation’s capital and its southern financial hub, Davao City. Based on its second quarter performance for this year, the Gokongwei led airline cornered 44 percent of the local market that flies between Manila and Davao, or a total of 318,694 passengers.

(5) SM Development Corporation topped off its Princeton Residences in New Manila, San Juan. The single tower development boasts of 1,076 units, several amenities, and its close proximity to the light rail transit station.

(6) According to which tracks over 4.4 million Google+ users since the service went online a couple of weeks back, Philippines ranked #27 on Google+.

(7) DTI-GIZ, under the Private Sector Promotion Program (SMEDSEP), came up with this pretty neat Google Mapping project to map the whole island of Bohol and all of its 700+ tourist sites and tourism-related establishments.

(8) Two Indian philanthropists and a Philippine non-profit development organization are among the winners of the Philippines prestigious Ramon Magsaysay Awards. The annual awards, named after a popular Philippine president who was killed in a plane crash in 1957, are widely seen as Asia’s equivalent of the Nobel Prizes.

(9) Earlier this year, a serial tech entrepreneur, Jeffrey Stewart and fellow entrepreneur Richard Eldridge founded Lenddo, a New York-based company that seeks to administer microloans to working middle-class folks in the developing world. The Philippines became their first market, and they doled out their first loan in March.

We thank nordicfactory for the flag image.

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