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Makati Finance raising $3.2m in AIB stake offer

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Makati Finance noted the transaction will generate additional cash for its cash flow requirements.

Philab nears backdoor listing as Alterra Capital takes 93% stake

The transaction is part of a planned buyout deal of Philab by Altera Capital which would make the health and science firm to fold into a new holding company called Philab Holdings Corp.


Philippines considering digital currency regulations as remittance use increases

The Philippines is considering regulations for digital currencies as the government seeks to bolster protection for the increasing number of overseas Filipinos using bitcoin and its counterparts to send money home. The volume of transactions involving digital currencies is “rising very quickly” because they offer a cheaper and quicker way… Read more »


Philippines: Marubeni unit Axia buys Ayala thermal power plant

With Axia Power, Ayala expects SLTEC thermal power plant to become more technically and financially capable to undertake larger projects in the near future.


Philippines: Anscor divests biz park property for $8m

Anscor through its subsidiary Uptown Kamputhaw Holdings Inc, sold its 100 per cent outstanding shares in the Cebu Business Park Lot to Skyrise Realty and Development Corp in order “to realize investment.”


Philippines: RCBC bank names new credit management head, COO

RCBC has hired former BDO Unibank executive Benett Clarence Santiago as head of its credit management group, as well as Richard Chua Lim as new chief operating officer.


Philippine bourse okays BDO Unibank’s $1.2b funding program

BDO is determined that the additional capital will also allow the bank to sustain its momentum and take advantage of the Philippines’ growth opportunities.


Shakey’s Philippines raises $80m in IPO debut

Although the pizza restaurant chain didn’t reach its maximum target of P15.58 per share, it surpassed its minimum goal despite the market went down 1.05 per cent.


Philippines: Jollibee divests $1.6m stake in restaurant developer Chow Fun

The divestment is part of Jollibee’s intention to concentrate its resources in building its larger businesses.


Mazda Philippines applies for $3.1m IPO

The proposed listing is expected to unlock shareholders’ value in the firm and provide a transparent valuation benchmark for the Mazda automotive business of BAuto in the Philippines.