growasia.com broadens investment opportunities for Philippine SMEs

Philippine SMEs get access to overseas investors via growasia.com, a site for Asian M and A.

Elaine Leong

December 12, 2000

The Philippine Small and Medium Business Development Foundation (PHILSMED) has signed an agreement with growasia.com, a web site for the interactive sale, purchase and development of Asian business and corporate assets. This tie-up aims to open the door for over 1000 Philippine small to medium enterprises (SME) to sell business and corporate assets and to obtain funding from overseas investors.

Under the terms of the agreement, PHILSMED will be growasia.com's exclusive representative in the Philippines, whilst PHILSMED members will be able to use the online network of growasia.com to access the buyers, sellers and investors of businesses and assets.ááAccording to growasia.com, companies in industries such as technology, life sciences and manufacturing are in need of growth capital in the Philippines.

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