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FlyOro, based in Singapore, is collaborating with airports to implement modular sustainable aviation fuel (SAF) blending systems, enabling producers to offer both standard and customized SAF without disrupting existing operations. Despite its potential to reduce emissions, SAF faces challenges such as high costs—2x to 4x more than conventional jet fuel—and varying regulatory support across regions, with Singapore's SAF mandate not taking effect until 2026. Startups in this sector are focusing on efficient scaling and proving SAF's viability in a traditionally slow-moving industry.
Mober has launched the Philippines' largest commercial EV charging hub, Central Charge, spanning 3,000 square meters with 56 charging ports, including 50 7kW DC chargers and two 60kWh fast-charging units. This facility can support up to 200 EV trucks daily, enhancing logistics for clients like IKEA and Nestlé Philippines. Mober aims to expand its EV fleet to over 500 units by 2026, with plans to incorporate solar panels and a battery energy storage system to further reduce its carbon footprint.
The Philippine economy is projected to grow by 5.9% in 2025, up from 5.6% in 2024, driven by increased investments and consumption, according to UBS Investment Bank. Factors such as recovering private investments, solid labor income growth, and easing food inflation will support this growth, alongside government spending and services exports. Additionally, easing inflation may lead the central bank to reduce policy rates by 50 basis points this year.
Philippine economic growth is projected to accelerate to 5.9% in 2025, driven by increased investments and consumption, according to UBS economist Grace Lim. The recovery in private investments, solid labor income growth, and easing food inflation are expected to bolster domestic demand, while government spending and service exports, particularly in the BPO sector, will further support growth. Lim anticipates that manageable inflation will allow the Bangko Sentral ng Pilipinas to reduce policy rates by 50 basis points this year.
Maya, a leading digital banking and payments platform in the Philippines, achieved profitability in 2024, driven by its expansion into consumer credit and digital banking services. The customer base grew to 5.4 million, with deposits reaching 39 billion pesos, a 59% increase year-on-year, and cumulative loan disbursements totaling 92 billion pesos. The company is on track to achieve profitability across its key units by December 2024.
The Philippine team ATGS achieved a historic 2nd runner-up position at the Huawei Developer Competition 2024 in Bangkok, marking the first podium finish for a Filipino team in the Enterprise Track. Their innovative solution, AccuBooks Plus, is an online accounting software designed to enhance financial operations for SMEs, promoting transparency and data-driven decision-making. Engr. Allan Yumul, ATGS President, emphasized the importance of technology and financial knowledge in driving SME success.
Mosaic Solutions, a Philippine business technology provider, has acquired HelixPay, a commerce enablement platform, to create a unified system for in-store and digital operations. This integrated platform will combine point-of-sale systems, digital commerce, and payment solutions, enhancing efficiency for businesses in the region. Together, Mosaic Solutions and HelixPay handle over PHP 4 billion (US$69.19 million) in annual transaction value.
Vortex Energy is expanding its investment strategy to include data centers in Spain and an emerging markets climate fund focused on renewable energy and sustainable infrastructure in Central and Southeast Europe, Latin America, and Africa. The firm is adapting to changing market dynamics by shifting towards development platforms and addressing challenges in achieving global net-zero targets, emphasizing the need for structural changes in power markets and energy efficiency. With a strong portfolio in energy transition sectors, Vortex aims to leverage its unique hybrid investment approach to drive sustainable growth.
Macao has introduced its first wearable payment solution, enhancing user convenience and contributing to its smart city development. In partnership with Huawei, Macau Pass allows users to link their MPay accounts to Huawei watches for seamless payments, utilizing advanced security measures to prevent fraud. This innovation supports the growing trend of mobile payments in the region.
Philippine economic officials presented investment opportunities at the Philippine Business Dialogue in Amsterdam, emphasizing the country's 6% GDP growth and record investment approvals. With a focus on renewable energy and technology, they highlighted the Philippines' strategic position for Dutch investors, supported by strong bilateral ties and a commitment to sustainable development. The event marked a significant push for enhanced business engagement between the Philippines and the Netherlands.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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