LafargeHolcim said to consider sale of Philippines business


Europe’s biggest cement maker is considering the divestment as part of a broader strategic review of its Southeast Asia operations following the sale of its Indonesia business.

Philippines’ PH Resorts gets regulatory nod for $350m share offering

Proceeds from the share sale will fund the construction of a $200-million integrated casino-resort in a former U.S. military base north of the capital, and a $300-million megacasino in central Philippines.

Japan’s ANA Holdings in talks to acquire Philippine Airlines stake

The airlines is closing in on selling a minority stake to a foreign strategic investor, with a deal likely to be sealed in the first half of this year.

Gobi Partners marks Philippine foray with two deals from joint fund

Very similar to its move in the Philippines, Gobi has also launched a $10-million micro-fund for Indonesia called the Gobi-Agung Fund.

Go-Jek acquires stake in Philippines blockchain mobile wallet

The move by Go-Jek further strengthens its grip on fintech and cashless payments.

Philippines-based EZAdvance acquires Indian fintech startup Alconomy

EZAdvance intends to use Alconomy’s technology to provide digital banking services in the Philippines.

As Go-Jek’s PH plan hits regulatory roadblock, Rudiantara offers to mediate

The Philippine transport regulator has denied Go-Jek’s application to launch ride-hailing services in the country over foreign ownership issues.

PH regulator rejects Go-Jek’s application for Manila ride-hailing service

The Land Transportation Franchising and Regulatory Board (LTFRB) denied the petition of Go-Jek’s subsidiary to become the newest ride-hailing service in the Southeast Asian nation.

Manila-based work space startup FlySpaces acquires HK rival Quikspaces

This is FlySpaces’ second acquisition after it bought Malaysian work space platform 8Spaces in 2016.

Philippines: Jollibee takes 100% ownership of US burger chain Smashburger

JFC paid $10 million to acquire the remaining 15-per cent stake held by Smashburger Master LLC.