By Mars Woo
The total consideration for the two acquisitions is about $3.4 million.
The three local ride-sharing companies are already in the process of complying with the necessary accreditation.
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.
The Robinsons Land-Shang Properties joint venture plans to build an upscale mixed-used complex.
ChatbotPH is the third tech acquisition Sterling Paper has made in the last six months.
LBC said the acquisition will diversify its businesses and realize returns on investments.
The proceeds will form part of the Philippines’ foreign exchange reserves and, when converted to pesos, can be used for budget spending.
Manila Water has acquired 18.72 per cent of Thailand’s Eastern Water Resources Development and Management Public Company Ltd (East Water).
Agreement involves the design, supply, and installation of 2- to 3-bedroom luxury condominium apartments and villas.
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.