Philippines: 500 Startups-backed Acudeen bags $6m fintech financing deal


Deal signed with Rizal Microbank, a unit of Philippine-listed RCBC.

Philippine Stock Exchange ups stake in PDS Holdings for $9.4m

PSE now holds a 44.78% stake in fixed income bourse PDS Holdings.

Philippines: Logistics firm LBC Express raises $50m from Crescent Point

Proceeds to fund business growth, capital expenditures & working capital.

PH Digest: AboitizPower’s $600m bonds offer okayed; Manila Water, CWD ink JV

First tranche of AboitizPower’s public offer is scheduled for June 20-23 worth P3 billion.

Asia Digest: Cradle leads $300k funding in MyCash; IdeaSpace awards top 12 teams

In two separate developments in the startup space in Southeast Asia, fintech company MyCash raised over $300K in its crowdfunding campaign, while 12 teams won in the IdeaSpace 2017 startup acceleration programme in the Philippines. Cradle leads $300K crowdfunding campaign in MyCash Malaysia-based fintech startup MyCash Online raised up to… Read more »

Philippines: MPIC raising $254m via Meralco share placement

MPIC will use the proceeds to part-fund acquisition of PLDT’s 25% interest in Beacon

Philippines: PLDT unit divests stake in Beacon for $581m, MPIC ups stake in Meralco

Proceeds will be used to reduce PLDT’s debt.

Philippines: Maynilad Water inks $217.9m debt deal with JICA, Japanese banks

First time JICA is lending directly to a private firm in the Philippines and to the water sector.

Philippines: Bonham Strand to acquire controlling stake in Medco for $2.2m

The transaction will give Medco a healthier balance sheet

Philippines: Basic Energy, VTE mull stake acquisition in Solmax Power

Basic Energy and VTE are set to undertake due diligence on Solmax.