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Philippines’ Manila Water to acquire 20% of Indonesia’s bulk water supplier Sarana


Manila Water’s acquisition in Indonesia comes after its foray into bulk water and concession projects in Thailand and Vietnam.

Philippine property developer DM Wenceslao files for $300m IPO

The company intends to sell 679.2 million shares, or about 20% of its total issued shares.

Philippine Digest: Cerebro Labs eyes millennial startups; Antitrust body ups mandatory M&A limit

Cerebro Labs was founded by professionals with backgrounds in law, accounting, and engineering.

Philippines: Landbank board okays 66.67% acquisition of PDS Holdings

Landbank’s board had approved during its meeting on February 27 the plan to acquire the stake at P360 ($6.9) per share.

Philippine govt’s $2b LNG import facility draws interest from Tokyo Gas, others

Tokyo Gas and the Philippines’ First Gen Corp , along with two other foreign companies, are looking to invest in the project.

GMR-Megawide venture challenges tycoons’ Manila airport bid with $3b offer

The venture has challenged a $6.7 billion bid from a group that includes billionaires John Gokongwei and Lucio Tan.

Philippine Digest: SM acquires $346m property; Chelsea’s acquisitions pay off

SM acquired the prime seafront property from UK-based investment fund Ashmore.

Philippines plans to announce new telecoms player in June

Now Corp and Philippine Telegraph and Telephone Corp, have publicly said they are planning to bid.

Philippines: Antitrust body approves San Miguel’s $1.9b power plant acquisition

The Philippine Competition Commission (PCC) approves SMC’s acquisition of the 630-megawatt Masinloc coal power plant in Zambales.

Philippines: 500 Startups-backed property solutions firm Qwikwire raises fresh funds

The company has already raised over $460,000 previously from 500 Startups, JFDI, and Manila Angel Investors Network.