OLX: SEA’s online classified biz mega JV formed

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South Africa’s Naspers, Norway’s Schibsted Media Group, Telenor Group and Singapore Press Holdings (SPH) have completed their joint venture transactions, that will see them work together to redraw the online classified businesses in South East Asia, the companies said. The four companies had first announced their partnership in November 2014, and following regulatory… Read more »

BDO,Emirates NBD tie-up for remittances

Philippine’s BDO Unibank Inc has partnered with Emirates NBD, one of the leading banking firms in the United Arab Emirates (UAE), for the money transfer service. BDO is tapping Emirates NBD’s popular money transfer service called DirectRemit 60 Seconds, which enables transfer of Philippine peso to BDO bank accounts in a minute…. Read more »


PH logistics major 2GO partners Y&R|LabStore

2GO Group Inc, a logistics provider titan in the Philippines has signed a strategic partnership with advertising specialist Y&R | LabStore Philippines. Under the partnership agreement, Y&R | LabStore will serve as 2GO’s “agency of record for all its creative requirements.” This covers all of 2GO’s brands, such as 2GO Travel,… Read more »


Singapore’s Globe Telecom unit gets FBO license

Philippine mobile carrier Globe Telecom will be providing international cable capacities and other telecommunications services in Singapore after securing a license as a facilities-based operator (FBO). Globe disclosed to the stock exchange that its unit GlobeTel Singapore Pte Ltd officially obtained the FBO license from the Infocomm Development Authority (IDA)… Read more »


IdeaSpace grows portfolio to 22 Cos in 2014

Having increased its portfolio of startups to 22 in 2014, Philippine tech startup incubator and accelerator IdeaSpace Foundation Inc is gearing up for a more active role in the region this year. The accelerator, which is part of the First Pacific group in the Philippines, has already invested in 29 countries… Read more »


PH Deals Roundup: Gweilo, IMI

The Philippine Stock Exchange (PSE) is off to a good start this new year with new listings like that of the Gweilo Corp. Less than three months after the maiden share sale of DoubleDragon Properties Corp and Xurpas Inc, the PSE is getting response to its invitation to small-sized and… Read more »


PLDT, Rocket form JV for mobile-first payment services

Sharing the same goal of capturing the global potential of mobile-first payment services in emerging markets, the Philippine Long Distance Telephone Company (PLDT) and venture capital Rocket Internet AG (Rocket), announced Tuesday of establishing a global joint venture. Although the deal’s amount was not disclosed, both companies agreed for a… Read more »


JV firm Golden Cup to run Dunkin’ Donuts China

Golden Cup Pte Ltd has been created as the new $300 million joint venture company set to launch Dunkin’ Donuts in the People’s Republic of China. The plan for the JV, which was first disclosed in December 2014 has Philippine food service titan Jollibee Foods Corp joining hands with Hong Kong-based investment firm RRJ Capital… Read more »


Bisnar appointed Cebu Holdings Inc president 

Cebu Holdings Inc, an affiliate of real estate giant Ayala Land Inc (ALI), has appointed Aniceto V Bisnar as its new director and president. Officially, he will be replacing two Cebu Holdings executives – director Emilio Lolito J Tumbocon, and retired president Francis O Monera. “As our new director and president, Mr Bisnar… Read more »


2GoTravel taps PH startup PinoyTravel

Aiming to boost its inter-island transport business, 2GoTravel, a premier land and sea travel provider in the Philippines, has partnered with the local tech startup PinoyTravel Inc, the first online bus ticket booking service in the country. The amount of the deal was not disclosed. Based on the agreement, 2Go… Read more »