By Karen Lema
Uber paid a penalty of $3.72 million and another $5.87 million as financial assistance to drivers as demanded by the regulator.
Menlo Capital is the majority shareholder of MRC Allied, a PH listed company.
The early-stage fund will focus in the areas of fintech, agritech, aquatech, and BPO enterprise software applications.
The regulator halted Uber’s operations for a month from Aug. 14 for disregarding a directive to stop accepting new driver applications.
Bautista will take on the new role on January 1, 2018.
Sterling now owns 85 per cent of both Manila-based firms.
Mighty is the second largest local tobacco company with 23% share in the Philippines.
The Philippines can get about $3.8 billion in loans, and another $21.8 million in non-lending financing from ADB.
PawnHero will be the first digital pawnshop service to be available in the Lendr marketplace.
MGHI is acquiring 81 per cent stake in Calata.