Tomas S. Noda III

Tom Noda, Philippines Correspondent for DEALSTREETASIA, has been a journalist for the past 12 years. He has worked with popular print and online media organizations such as (online version of The Philippine STAR), Computerworld Philippines magazine, The Manila Times national broadsheet, and Sun Star Pampanga daily community newspaper.

Philippine Stock Exchange mulls changes in trading, tech to reinvigorate fundraising

IPOs in the Philippines have remained scarce with only four listings in 2017.

Philippines: 8990 Holdings appoints new CEO, COO

Willibaldo Uy, and Alexander Sotto will take charge as as president and CEO, and chief operating officer of the company, respectively.

Philippines: Cirtek okays acquisition of tech promoter Multiplay

The planned acquisition is in line with Cirtek’s strategy to expand its business.

Paris-listed Eurazeo, China’s Primavera complete acquisition of WorldStrides

Eurazeo’s total investment is $469 million, representing a majority equity stake of approximately 80 per cent.

SG Digest: CDLHT divests Brisbane hotels for $59.4m; Ascendas Reit seals $93m deals

CDLHT intends to utilise the proceeds from the divestment mainly to repay existing borrowings to further strengthen its balance sheet.

Philippines: Metro Pacific bags $246m joint water project

The project cost for the duration of the 25-year concession is estimated at P12.35 Billion, with an initial equity investment of P600 million in 2018

Indonesia: JustCo, Gunung Sewu form co-working space JV

The announcement comes barely two months after JustCo closed a Series B funding from Thailand’s largest property developer, Sansiri. 

PH conglomerates form consortium to upgrade NAIA international airport

The conglomerates plan to submit an unsolicited proposal to the Department of Transportation for upgrading the airport after years of battling with each other to grab the $1-billion project.

Philippines: PE industry remained nascent in 2017 but sees growing number of investable firms

PE firm Sierra Madre remains positive about the local market which it considers to be “underserved by global and regional PE funds, local banks, and large strategic players.”

Dennis Uy-backed Udenna to acquire Philippine H2O Ventures from Jolliville

H2O Ventures is an investment holding company engaged in the operation, maintenance, and distribution of water supply systems.