Philippines

SEA Digest: Green GSM ties up with PH bank; Vietnam’s BlockchainWork secures funding

Green GSM is expanding its all-electric ride-hailing business in the Philippines.

Southeast Asia is increasingly becoming a proving ground for stablecoin-based payments.

First Circle said the facility would strengthen its funding base.

The fund is a blended finance vehicle with a target size of $750 million.

TPG-backed Billease is now entering its third consecutive year of profitability.

Orders fulfilled through quick commerce networks made up 3.4% of SE Asia’s e-commerce GMV last year.

High lending rates and systemic challenges act as brake on profitability.

There were no megadeals in the month.

The credit line to Petron Corporation will be priced at prevailing interest rates.

In Feb, regulators lowered the minimum IPO public float for large issuers to 15% from 20%.