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In 2011, the company received a seed money investment of US$300,000 mainly from Seed money. In 2012, the company received additional funding of US$1,400,000 from Angel Investor from international and Filipino successful entrepreneurs. In October 2014, the company has raised US$2,000,000 from Singapore-based Private Equity firm, Hera Capital. [11]
Micro businesses in the Philippines can be defined according to the size of assets, size of equity capital, and number of employees. A typical micro business is a business that employs nine people or fewer, with assets of ₱3 million and below. In the Philippines, about 90 percent of all businesses are categorized as micro businesses.
GCash also revived its remittance service, now called GCash Padala, and made it available to non-app users through its 2,000 partner outlets nationwide. [10] [11] GCash's parent company, Mynt, made history as the Philippine's first double unicorn when it announced that it raised $300M in funding last November 2021 at a $2B valuation.
Location of the Philippines. The Philippines is a sovereign island country in Southeast Asia situated in the western Pacific Ocean. It is a founding member of the United Nations, World Trade Organization, Association of Southeast Asian Nations, the Asia-Pacific Economic Cooperation forum, and the East Asia Summit.
Her more than $100,000 a year income means she needs to pay 9.3% in taxes, according to the 2023 State of California Franchise Tax Board. Millionaires are required to pay even more money to the state.
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'My son makes over $100K/year and still lives at home': TikToker runs the math, finds college grads now spend the same percentage of income on rent as workers earning $3.10/hour did in 1980
McDonald's Philippines, known locally and colloquially and shortened as McDo [3] (), is the master franchise of the multinational fast food chain McDonald's in the Philippines. The master franchise is held by the Golden Arches Development Corporation , a subsidiary of Alliance Global Group .