Philippines: MPIC buys assets, biz of Ace Logistics for $5.6m


The assets and business that will be acquired in the transaction will be utilized to further expand MPIC’s logistics business, which continues to offer attractive returns in view of the strong demand in the sector.

Philippines: SSI, RKJ in JV with Japan household goods brand MUJI

Deal sized is pegged at $3.5 million (P175 million), with Store Specialists getting a 51 stake, while RKJ a 49 per cent ownership in the new entity.

Philippines’ Ayannah wins Fintech Finals 2017 in Hong Kong

The Philippine-based mature stage startup was awarded with $10,000, and was also invited for a co-creation engagement with Visa at its Innovation Center in Singapore.

Dearth of IPOs in ‘fastest growing economy’ Philippines may end in 2017: Roel Refran

Philippines has a mere 266 companies that are listed

Philippines: Alterra Capital raising $36m in new public bid

Listed holding firm Alterra Capital Partners Inc is raising at least $36 million (P1.6 billion) in its latest public offering.

Philippines: Ayala invests in $150m Indonesia wind farm project

Called Sidrap Project, it is the first utility-scale wind farm project in Indonesia targeted to have a generating capacity of 75 MW and is expected to be completed before 2017 ends.

Philippines: Fintech startups Acudeen, First Circle join hands to target SMEs

Both startups consider the partnership as an “ideal union” sharing the vision of the high-potential value of Ecommerce and non-Ecommerce retail businesses.

Philippines: PHA raising $20m to fund infra, tourism businesses

Premiere Horizon Alliance Corp (PHA) is raising over $20 million (P1 billion) to expand its infrastructure and tourism businesses.

Philippines: 14 promising startups to watch in 2017

DEALSTREETASIA handpicked 14 promising startups that are interesting to watch in 2017. These groups are into fintech, real estate, transportation, software, cloud services, business applications, mobile gaming, and human resources.

Development Bank of Philippines appoints Borromeo president, CEO

State-owned Development Bank of the Philippines (DBP) has named former Land Bank of the Philippines officer in charge (OIC) Cecilia Borromeo as its new CEO and president to take effect on January 9, 2016.