By Manuel Baigorri
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.
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.
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.
Very similar to its move in the Philippines, Gobi has also launched a $10-million micro-fund for Indonesia called the Gobi-Agung Fund.
The move by Go-Jek further strengthens its grip on fintech and cashless payments.
EZAdvance intends to use Alconomy’s technology to provide digital banking services in the Philippines.
The Philippine transport regulator has denied Go-Jek’s application to launch ride-hailing services in the country over foreign ownership issues.
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.
This is FlySpaces’ second acquisition after it bought Malaysian work space platform 8Spaces in 2016.
JFC paid $10 million to acquire the remaining 15-per cent stake held by Smashburger Master LLC.