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For GCash, this stings in a particular way. The wallet has spent years training Filipinos to treat the app as the default financial front door — and that position is still powerful, the brand is still strong, the network is still enormous. But a large part of its monetization stack now faces pressure from a company inside its own corporate neighborhood.
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Mynt has increased its stake in AB Capital Securities Inc. to 33 percent last April, deepening its push into stock investing through the GCash app.
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Just when members thought the Manila Polo Club couldn't find another controversy after the brewing debate over its proposed P1-billion tennis facility redevelopment, another issue has landed squarely on the clubhouse doorstep, this time involving the people who keep its sports facilities running every day.
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In a post on X after returning from the Philippines, Zhao said the country has become “one of the most exciting digital asset markets in SEA right now,” noting that it ranks fourth globally in TRM Labs’ Country Crypto Adoption Index.
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The IPO will deliver a multibillion-peso payday for global investment funds, executives, and former officers that helped build text-based payments from over two decades ago into the country’s’ biggest financial technology company.
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GCash is preparing to launch what could become the largest initial public offering in Philippine history, with a valuation that would place the fintech giant among the country’s top three banks.
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Tycoon Enrique Razon Jr.’s International Container Terminal Services Inc. has locked in another 26 years at Australia’s largest container port, extending its Melbourne terminal concession to 2066 and removing a key uncertainty over one of its biggest overseas assets.
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Tycoon Manuel V. Pangilinan-led PLDT is targeting an October listing for VITRO REIT, offering investors a stake in the country’s largest data center platform amid booming demand for cloud computing and artificial intelligence (AI).
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PhilWeb Corp. has overtaken tycoon Enrique Razon Jr.’s Bloomberry Resorts Corp. in market value following a P2 billion investment from billionaire Lance Gokongwei.
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