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Development Bank of the Philippines Lends $13.4 Million to Agriculture Startup Project
State-run Development Bank of the Philippines (DBP) has lent P645 million to a domestic agriculture enterprise to help improve its banana flour and coconut sugar manufacturing and export capabilities.
- Categories
- Agriculture, Investing
- Region
- South Asia
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Agribusiness Giants ADM, Bunge Trading in ‘Conflict’ Palm Oil, New Human Rights Report Says
A report by Global Witness has found that more than 100 Indonesian palm oil mills supplying agribusiness giants ADM and Bunge have been accused of land and human rights violations and environmental destruction.A report by Global Witness has found that more than 100 Indonesian palm oil mills supplying agribusiness giants ADM and Bunge have been accused of land and human rights violations and environmental destruction.
- Categories
- Agriculture, Environment
- Region
- South Asia
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Majority of ASEAN Region Fintech Firms Are Planning to Raise Additional Funds While Expanding Operations in 2021: Report
Four in five or 80% of Fintech companies in the ASEAN region are focused on expanding their operations following the COVID-19 outbreak. ASEAN member countries include Brunei, Burma (Myanmar), Cambodia, Timor-Leste, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
- Categories
- Technology
- Region
- South Asia
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$500 Million Asian Development Bank Loan to Expand Financial Inclusion in Indonesia
The Asian Development Bank (ADB) has approved a $500 million policy-based loan to support the Government of Indonesia's efforts to expand financial access among micro, small, and medium-sized enterprises and marginalized groups such as women and youth.
- Categories
- Finance
- Region
- South Asia
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Modernize Farming through Drone Seeding in the Philippines
Rice farming in the country has started to be revolutionized following the introduction of “drone seeding” through the use of an artificial intelligence-driven drone made by Bayer Crop Science (BCS) in Paniqui, Tarlac, which eliminates costly and time-consuming labor in rice planting.
- Categories
- Agriculture, Technology
- Region
- South Asia
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Grab Leads Series B Round of up To $100 Million in Indonesian Fintech Linkaja
Indonesia’s fintech app LinkAja announced that it has raised up to US$100 million in a series B round led by Southeast Asian super app Grab.
- Categories
- Finance, Investing, Technology
- Region
- South Asia
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Analysis: Keeping an Eye on Fintech in the Philippines
According to the Bangko Sentral ng Pilipinas (BSP) Financial Inclusion Survey, only 29 percent of all adults were banked as of 2019. This means 51.2 million Filipinos remain unbanked.
- Categories
- Finance, Technology
- Region
- South Asia
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Indonesia’s ‘Militarized Agriculture’ Raises Social, Environmental Red Flags
Observers and activists have raised concerns about the leading role the Indonesian government plans to give to the military and to big corporations in a program to establish vast crop plantations across the country.
- Categories
- Agriculture, Environment, Investing
- Region
- South Asia
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