The skyline of the financial district of Makati in Manila. Photo: AFP

No country for unicorns: why Philippine start-ups are struggling

  • Last year, the Philippines got just a tenth of what its neighbour Indonesia received in start-up investment deals
  • Analysts say inexperience and an aversion to entrepreneurship may be to blame – and a new law to assist tech start-ups may help
Topic |   The Philippines

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The skyline of the financial district of Makati in Manila. Photo: AFP
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Small commercial spaces like this in Paranaque City have been faced with unreasonable rent increases since an old shopping mall named Pearl Plaza reopened to become an offshore gambling office employing thousands of Chinese workers. Photo: Martin San Diego

China turns the tables on Philippines’ offshore gambling habit

  • The rise of offshore gambling in the Philippines has created winners and losers, as an influx of Chinese workers raises both revenue and rents
  • But as Beijing pressures Manila for a clampdown, the odds for all involved may be changing
Topic |   The Philippines

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Small commercial spaces like this in Paranaque City have been faced with unreasonable rent increases since an old shopping mall named Pearl Plaza reopened to become an offshore gambling office employing thousands of Chinese workers. Photo: Martin San Diego
READ FULL ARTICLE