SMBC, ING and Standard Chartered have helped provide the $300m financing for the project in Luzon, which will support the country's energy transition.

Philippines’ Aboitiz Equity Ventures has agreed for BlackRock's Global Infrastructure Partners to take a 40% stake in Aboitiz InfraCapital; the Philippines government is ramping up infrastructure investment.

Tonik is the first digital-only bank in the Philippines with a banking licence from the BSP. Ukraine's Diligent Capital Partners, which is leading the pre-Series C funding round, has backed founder Greg Krasnov before.

Filipinos and Korean nationals will be able open bank accounts and access other financial services in the each other's respective markets, using credit records and a API.

The Philippines is one of the fastest growing markets for renewable energy investment and the $115m of proceeds will be used towards hydro, wind and solar projects in the country.

The $10.45 billion raise from the Bureau of the Treasury will be directed towards sectors including agriculture, infrastructure, education and healthcare.

Read on for the winners of the 30th edition of the FinanceAsia Awards, across Cambodia, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam.

The Philippines used to be the target of jokes about valuation discounts, but now the market is having the last laugh as investors fight for a piece of its potential.

Siason, who has spent over 15 years with Citi, will relocate to Manila to become chief country officer to replace Michael Chua, who is retiring, on April 1.