Xianne Arcangel, writing for GMA News;
A bill proposing the regulation of the country’s credit card industry by putting it under the supervision of the Bangko Sentral ng Pilipinas (BSP) is awaiting President Benigno Aquino III’s signature before it becomes a law.
The proposed Philippine Credit Card Industry Regulation Act shall govern all credit card issuers, acquirers and all credit card transactions. It mandates the BSP to supervise all credit card issuers and acquirers.
The “Geeks on a Beach” (GOAB) international tech and startup conference, which has greatly contributed in empowering Philippine startups, will return for its fourth year in the scenic island of Panglao in Bohol this August 25-26, 2016.
From the speaking engagement and accommodation alone, you already got your money’s worth.
As for me, another missed event! 🙁
Kurt Wilms, Product Lead, Immersive Experiences at YouTube;
Today, we are announcing a new chapter in bringing the power of live video to creators everywhere. Soon, we’ll be putting the power of YouTube live streaming in the palm of your hands.
YouTube mobile live streaming will be baked right into the core YouTube mobile app. You won’t need to open anything else, just hit the big red capture button right there in the corner, take or select a photo to use as a thumbnail, and you can broadcast live to your fans and chat in near real time.
It’s interesting to know why it took Youtube this long to incorporate live streaming to its mobile app.
SBI Holdings will create a venture capital fund with Investment & Capital Corp. of the Philippines targeting startups in the Southeast Asian country and the U.S.
The fund will have up to about 10 billion yen ($95.5 million), channeling 100 million to 200 million yen per startup in investments expected to begin by early 2017.
Weekly Feed Sponsorship for 3rd quarter is now available. So if you have a great product or service that want to promote to all KabayanTech readers, now is the best time to do so. Just get in touch and reserve your spot.
In a media event, Globe telecom announced last Friday the launching of Globe Studios, the telecom’s subsidiary to distribute and produce original contents like movies and series, which can be seen in digital format and in theaters. Read more…
In an interview by Michelle Orosa-Ople of TV5, Philippine Chamber of Commerce and Industry (PCCI) President George Barcelon commented on the speed, coverage and price of internet connection in the country. If this is for the current year, then we just need to wait 5 or 6 more months. Hoping that it’ll be faster than 15-20mbps. Read more…
John Ted Cordero, writing for GMA News;
DOST spent three years in developing the prototype of the hybrid electric train, which it says is environment friendly and energy efficient as it uses both diesel and electricity, the report said.
Why not just develop an all-electric train? Friendlier to the environment and more energy efficient.
Chrisee Dela Paz, writing for Rappler;
The Nasdaq-listed Affinion Group Holdings Incorporated has set foot in the Philippines, making the country its Asia-Pacific hub for contact center and shared services.
Affinion Group on Thursday night, June 23, officially launched its office in Bonifacio Global City, which started operations in April with a total capacity of about 200 seats. This marks its first headquarters in the Asia-Pacific region.
Ron Amadeo, writing for Ars Technica;
A report from The Information (subscription required) claims that Huawei is building its own in-house OS as a possible “Plan B” to Android. To spearhead the development of an in-house operating system—and improve its Android skin—Huawei has hired former Apple designer Abigail Brody. The report says that the non-Android OS “isn’t far along” and is a “contingency measure” in case Google’s current Android terms become undesirable to Huawei.
The main challenge in creating your Android or iOS alternative is not the development of the OS itself, since there are a lot of really good developers but in attracting developers to build the ecosystem for the new mobile OS. The same problem that Samsung encountered when they developed their homegrown operating system is Tizen. It takes time to build a community of developers. Apple and Google did not build their ecosystem over night it took them years.
Just look at Microsoft, its been 4 years since they open the Windows Store but they still have less than 700k apps available for phones, desktops, and tablets in the Windows Store.
Osman Husain, writing for Tech in Asia;
German startup juggernaut Rocket Internet announced today the merger of its ecommerce marketplaces Daraz and Kaymu under a new entity Daraz Group.
Both Daraz and Kaymu operate in frontier markets in Asia. Daraz, which is a managed marketplace fashioned on the likes of Lazada, is currently operational in Pakistan, Bangladesh, and Myanmar. It raised US$55 million in series A funding in September.
Kaymu is more of an open marketplace primarily targeting smaller businesses. Those businesses are free to list products on the site and source orders directly from consumers. Kaymu does not do its own deliveries or focus on authentic products alone. The startup is present in Pakistan, Bangladesh, Myanmar, Sri Lanka, Cambodia, Nepal, and the Philippines.
eeking to guide startups in setting up and commencing business in the Philippines, the Disini Tech Legal Forum held the first part of the “Legal Guerilla Guide for Startups” last June 15 at A Clean and Well-Lighted Place in Pasig City. The forum was part of a series of fora which aims to explain the legal issues concerning startups, as well as to provide entrepreneurs with an avenue to consult their specific legal concerns.
If you’re a founder who wants to know the legal in and outs of running a startups, then this is one legal forum that you must attend, because knowing the different legal issues concerning a startups is also one of the things that a founder must tackle.
Admission is free but you need to register to attend the forum, since there’s a limited number of slots.
Brian Heater, writing for TechCrunch;
WowWee, the Hong Kong-based manufacturer behind that old RadioShack stalwart, RoboSapien, showed off a couple of promising high-tech toys due out in the fall. COJI is one of the company’s more compelling products in a while. The little robot, which made its first public appearance at ToyFair earlier this year, is designed with the noble task of making coding more accessible for little ones.
I won’t be surprise if the name was inspired by Willie Revillame’s noontime show Wowowee.
Tencent, the Chinese social and gaming company, just acquired SoftBank’s 84 percent stake in Supercell for US$8.6 billion, valuing the Finnish gaming company at US$10.2 billion. Read more…
Judith Balea, writing for Tech in Asia;
Ensogo’s already disappointing year has taken a turn for the worse. Today it announced it’s shutting down all business units in Southeast Asia and laying off staff.
“Ensogo Australia […] will no longer provide financial support to its subsidiary Southeast Asian flash sales and marketplace business units. These business units will be shut down. All staff have been informed and communications will be made to customers in the coming days,” it said in a statement sent to Tech in Asia.
Ensogo offers a Groupon-like deals and currently operating in the Philippines, Indonesia, Thailand and Hong Kong. As of this writing, all four sites are still offering deals.