By Momentum Works
Low bank penetration and high internet penetration, it is not difficult for investors to see the similarity between Indonesia and Philippines – opportunity.
This is the second time that Melco has withdrawn its application to delist the unit, amid minority shareholder opposition to the proposed price.
Proceeds will be used to finance climate-smart projects including renewable energy, green buildings, energy efficiency, and water conservation.
It also hopes to double its revenue in five years, as it expands its own chains and buys others, at a time when deal-making in the restaurant sector is heating up.
The sale of a minority stake in San Miguel Food and Beverage is part of a restructuring plan announced last year.
Ayala Corporation said, the investment in AIDE is part of AC Health’s strategy to invest in innovative health technology solutions.
The PCC’s decision comes less than a month after Singapore’s anti-trust commission fined Grab and Uber a combined $9.5 million.
The Vietnam solar projects are part of AC Energy’s overall goal of expanding beyond the Philippines and growing its presence in Southeast Asian markets.
Calbee’s exit comes as the Philippine joint venture continues to post losses since its establishment in 2014.
The micro-fund, which will focus on B2B e-commerce, platform-as-a-service (PaaS), health tech and logistic firms, marks Gobi Partners’ entry in the Philippines.