Melco delays tender offer for PH casino unit, cancels delisting

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This is the second time that Melco has withdrawn its application to delist the unit, amid minority shareholder opposition to the proposed price.

IFC commits $150m to green bond issued by Philippines-based China Bank

Proceeds will be used to finance climate-smart projects including renewable energy, green buildings, energy efficiency, and water conservation.


Asian fast-food giant Jollibee open to strategic acquisitions

It also hopes to double its revenue in five years, as it expands its own chains and buys others, at a time when deal-making in the restaurant sector is heating up.


Philippines’ San Miguel halves food unit IPO size, seeks $920m

The sale of a minority stake in San Miguel Food and Beverage is part of a restructuring plan announced last year.


Philippines: Ayala arm invests in local health app AIDE

Ayala Corporation said, the investment in AIDE is part of AC Health’s strategy to invest in innovative health technology solutions.


PH antitrust watchdog slaps Grab, Uber with $300K fine

The PCC’s decision comes less than a month after Singapore’s anti-trust commission fined Grab and Uber a combined $9.5 million.


Philippine conglomerate Ayala’s arm forges $83m solar JV in Vietnam

The Vietnam solar projects are part of AC Energy’s overall goal of expanding beyond the Philippines and growing its presence in Southeast Asian markets.


Asean Dealbook: Calbee exits Philippine JV; Malaysia’s Exabytes buys HostPro2U

Calbee’s exit comes as the Philippine joint venture continues to post losses since its establishment in 2014.


Gobi Partners, Core Capital to launch $10m Philippine startup fund

The micro-fund, which will focus on B2B e-commerce, platform-as-a-service (PaaS), health tech and logistic firms, marks Gobi Partners’ entry in the Philippines.


PH Digest: WSI backs tech startup CloudSwyft; Revolution Precrafted enters Zimbabwe

Revolution Precrafted has signed a non-exclusive dealership agreement with Zimbabwe-based African Tsaleach to produce modular medical pop-up structures.