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Updates on the Investments Scene

Partnerships and Collaboration Spur the Growth of the IoT Industry in Naga City

Naga made a significant step towards becoming a full-fledged Smart City with the formal turnover to the City Government of an Internet of Things (IoT) Disaster Management Solution, and the launch of an IoT Connectivity Infrastructure by Packetworx and ThingsPH last January 30, 2024. With this, Packetworx and ThingsPH has made a notable contribution to the city’s game changing initiative.  They officially donated flood and rainfall monitoring devices as part of an IoT Disaster Management Solution.  These companies also installed and provided free access to LoRaWAN gateways.  These gateways form the backbone of a connectivity infrastructure that allows IoT devices…

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Naga City Welcomes IoT Equipment and Platform Donation for Innovative Disaster Resiliency

Naga City marked another milestone towards innovations in resiliency as it formally received  IoT (Internet of Things) equipment and platform donation from Packetworx and ThingsPH. The turnover ceremony was  held last January 30, 2024. Ms. Maria Raisa Ysaac-Orbon, Chief Marketing Officer of Packetworx, Inc., and Mr. Ferdinand Yanto III, Chief Executive Officer of ThingsPH Inc., led their respective teams in the formal turnover ceremony to Vice Mayor Cecilia De Asis and the entire City Council. Also present were City Administrator Elmer Baldemoro and key department heads, signifying a collective commitment towards leveraging technology for the benefit of the community. The…

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"There is a direct relationship between brain drain and poverty of a region. Understanding this, I courageously founded over a decade ago my first formal startup, an Apple iPad POS company, with the goal of creating job opportunities that will make our best and brightest software engineers stay in Naga City. It was very, very difficult then. Today, this ordinance, I foresee, will encourage more founders and startups to flourish in our Maogmang Lugar. Then give them 2-3 years, our city will begin seeing their contribution to the local economy and job creation through their innovative products and services, coupled with newer business models. This could be our way to becoming a 'Startup City'."

Magno Edilberto R. Conag III

CEO, Nueca Technologies Inc.

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