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In December 2024, Gobi stated there were plans to raise $50 million for a second fund which would be the largest of its kind in Pakistan. Black Sheep Restaurants is reported to be an investor in the fund. [8] In December 2022, Gobi stated its next target for Chinese investments was in the Guangdong–Hong Kong–Macao Greater Bay Area (GBA ...
In April 2020, Kumu announced that it had secured around $5 million in Series A funding. Openspace Ventures, an early investor in Indonesian unicorn start-up Gojek, along with Kickstart Ventures, ABS-CBN, Gobi-Core Philippine Fund, and returning investors Summit Media and Foxmont Capital Partners all participated in the funding round. [14] [15] [9]
In the Philippines, a government-owned and controlled corporation (GOCC), sometimes with an "and/or", [1] is a state-owned enterprise that conducts both commercial and non-commercial activity. Examples of the latter would be the Government Service Insurance System (GSIS), a social security system for government employees.
Maya's last significant fundraising round was in April 2022 when it raised $210 million to fund its digital banking venture and other services like cryptocurrency and micro-investments, valuing ...
The Department of Finance (DOF; Filipino: Kagawaran ng Pananalapi) is the executive department of the Philippine government responsible for the formulation, institutionalization and administration of fiscal policies, management of the financial resources of the government, supervision of the revenue operations of all local government units, the review, approval and management of all public ...
The Disbursement Acceleration Program in the Philippines is a "special" budget allocated to accelerate or hasten a government project without Congress or Senate's approval. This replaces the traditional pork barrel , the Priority Development Assistance Fund (PDAF), after the Pork barrel scam was uncovered in 2013.
It was re-titled again through an Executive Order 85 on March 18, 2002, to Philippine Export-Import Credit Agency (PhilEXIM). On July 23, 2018, President Rodrigo Duterte approved the merger of the Home Guaranty Corporation and PhilEXIM to prevent operational redundancies, standardize policies, facilitate timely approvals, and lower ...
Key Points from 24/7 Wall St. Financial guru Suze Orman says getting a tax refund is a huge mistake. You're giving the government an interest-free loan and getting nothing in return.