Basic Energy

PH-listed Basic Energy Corp to acquire 15% stake in two Thai firms


The total consideration for the two acquisitions is about $3.4 million.

Three new ride-hailing startups to challenge Grab’s ‘monopoly’ in PH

The three local ride-sharing companies are already in the process of complying with the necessary accreditation.

Philippines: Robinsons Retail to buy Rustans from Dairy Farm for $343m

Robinsons Retail is owned by the Gokongweis, the Philippines’ second richest family. It operates over 3,500 retail formats, including supermarkets, department stores, drugstores, international fashion and beauty specialty store, and specialty coffee shops.

Philippines: Robinsons, Shang Properties form $191m JV; PSE to not raise PDS bid

The Robinsons Land-Shang Properties joint venture plans to build an upscale mixed-used complex.

Sterling Paper acquires Philippines’ AI-powered chatbot startup ChatbotPH

ChatbotPH is the third tech acquisition Sterling Paper has made in the last six months.

PH Digest: LBC to pick 30% in Orient Freight; Philab gets nod to buy Sydenham Labs

LBC said the acquisition will diversify its businesses and realize returns on investments.

Philippines to issue $230m panda bond, in a first for SE Asia

The proceeds will form part of the Philippines’ foreign exchange reserves and, when converted to pesos, can be used for budget spending.

Philippines: Manila Water completes stake buy in Thai firm; Pension fund to auction $384m property

Manila Water has acquired 18.72 per cent of Thailand’s Eastern Water Resources Development and Management Public Company Ltd (East Water).

Philippine unicorn Revolution Precrafted bags $3.2b deal in Dubai

Agreement involves the design, supply, and installation of 2- to 3-bedroom luxury condominium apartments and villas. 

Philippine central bank supervisor takes aim at male-dominated boards

In the Philippines, men hold 82% of the 265 board seats at the nation’s biggest lenders and some banks have no women on their boards at all.