Connect with us

Hi, what are you looking for?

Top Stories

Editor's Pick

Tech firm 1Export targets P500-million revenue


By Jenina P. Ibanez, Reporter

TECH-ENABLED export platform 1Export is aiming to record P500 million in revenues by the end of 2022 as it links more local small businesses to global markets.

“We recently recorded about P25 million in revenue in 2020,” 1Export Chief Operating Officer (COO) Daniel Antonio S. Remo said in a press briefing on Tuesday.

“We want to be able to do half a billion by the end of 2022… We just recently got backed by several investment firms, and we intend to be able to scale our capabilities as well as our headcount,” he said.

Offering compliance, business matching and marketing services for exporters, the company plans to expand to around 60 destination markets from its current 23 by the end of next year. 1Export helps sell products to ethnic markets, mainstream stores, and wholesale markets overseas, including North America, the United Kingdom and the Middle East.

The firm works with 400 micro, small, and medium-sized enterprises (MSMEs), targeting expansion to 3,000 Southeast Asian MSMEs.

1Export will be launching offices in Indonesia, and the company plans to expand further across Southeast Asia.

Philippine merchandise exports in May went up by 29.8% year on year to $5.89 billion. In the first five months of 2021, exports grew 21.4% to $29.35 billion, data from the Philippine Statistics Authority showed.

Although exports rose from a low base in 2020, economists said that the data fell below expectations, with ING Bank NV Manila Senior Economist Nicholas Antonio T. Mapa saying that gains may have been hampered by limited shipment options amid industry bottlenecks.

Exporters have recently been facing logistics delays, reporting vessel space and container shortages that cause freight rate surges. Industries globally are reporting supply chain constraints and shortages as some economies bounce back amid the pandemic.

1Export works with various logistics companies, committing certain volumes to airlines and freight forwarders, to minimize shipping costs.

“Sea shipping currently is significantly high. We also do shipping via air — and that’s sort of where our volumes come in,” 1Export Chief Executive Officer Anna Melissa G. Nava said.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


Forbes 30-under-30 alumnus goes head-to-head with Amazon with smartphone-based retail checkout solution In 2015, MishiPay CEO Mustafa Khanwala waited 20 minutes in a...

Editor's Pick

PHILSTAR/MIGUEL DE GUZMAN Singapore — India, South Korea, and Thailand faced mounting coronavirus infections on Thursday, undermining...


Debenhams is to reopen 97 of its high street stores on Monday for a closing down sale to clear stock before they finally shut...


Facebook has not notified the more-than 530m users whose details were exposed on a hacker forum in 2019 and has no plans to do...

Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 Secrets Of Richdads. All Rights Reserved.

    Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!