By Tomas S. Noda III
After a year of product development, Philippine tech startup PortfolioMNL is launching a platform to host the country’s largest community of creative professionals. PortfolioMNL CEO and co-founder Rina Malonzo, in an interaction with DEALSTREETASIA, not only gave a detailed background of the company but also revealed updates in implementing their business… Read more »
Philippine health tech startup mClinica topped nine other startups in Tuesday’s Hack Osaka Award 2015, a global innovation conference held in Osaka City, Japan. The largest pharmacy network in the Philippines, mClinica won the gold prize in the HackOsaka International Pitch Contest, joined by startups from different parts of the globe. It… Read more »
Change in strategic stake holders of a company and a sealed private placement were some of the recent developments in the Philippine Stock Exchange. Ayala Group’s realty arm Ayala Land further hiked it’s shareholding in NTDCC that owns the TriNoma mall. Meanwhile, Benguet Corp sealed a $5.63 million private placement deal with… Read more »
Metro Pacific Investments Corporation (MPIC), an infrastructure conglomerate in the Philippines, announced raising P8.8 billion ($200 million) in its fresh share sale. The fund will used for making investments in the infrastructure projects in the country.
As it gained foothold in the local motoring industry, Philippine startup AutoDeal is now planning to expand its business across countries in SEA.
Philippine-based investment holding company Premiere Horizon Alliance Corporation (PHA) has completed the P80 million ($1.8 million) deal to acquire a controlling stake in technology firm, Concepts Unplugged Environment Solutions (Cubes) Inc, that offers cooling solutions, the company said. The deal was first announced last year and both companies had signed their Memorandum of Agreement… Read more »
NutriAsia Pacific Ltd, the controlling shareholder of Del Monte Pacific Ltd (DMPL), had entered into a term loan agreement with the Bank of the Philippine Islands (BPI) for up to P4.4 billion ($100 million) to finance its subscription in DMPL’s rights issue.
Del Monte Pacific Limited (DMPL) has appointed Jeanette Beatrice Naughton as the executive director and vice president for strategic planning, of its principal subsidiary Del Monte Foods Inc (DMFI). According to the Singapore and Philippine-listed company, DMPL’s board of directors has reviewed, assessed and approved the appointment of Naughton as… Read more »
Anglo Philippine Holdings Corporation raised $28.5 million (P1.26 billion) from the sale of its entire stake in North Triangle Depot Commercial Corp (NTDCC) to the local realty firm Ayala Land Inc (ALI). The deal was a completed transaction that began last December 3, 2014 when the Ramos-led investment holding firm… Read more »
Philippine payroll service tech startup Salarium on Thursday took home the grand prize of $500,000 after winning the global Seedstars World (SSW) Competition held in Geneva, Switzerland. A total of 12 Asian startups and 36 companies in total, were competing for at the Seedstars World (SSW) Grand Final Competition. All in all,… Read more »