Philippines: San Miguel buys power firm Masin-AES for nearly $2b


Masin-AES owns/runs a 630MW coal-fired power plant in Zambales province, Philippines.

Philippines: Credit management firm Collectius acquires bank’s $350m NPL portfolio

The deal consists of 340,000 credit cards and personal loans.

Philippines: Qwikwire launching $9m ICO to aid property players to tap global market

Qwikwire founder and CEO Ray Refundo said the AQwire platform will empower property developers to be able to sell their units to any customer in the world.

Philippine apex bank reviewing 12 applications for bitcoin exchange

The use of bitcoin for remitting money to the Philippines, one of the world’s biggest recipients of cash sent home by its citizens working abroad, has risen dramatically, prompting the central bank to issue guidelines for Virtual Currency exchanges.

Philippines: Robinsons Retail invests in e-commerce site BeautyMNL

The Gokongwei-led firm made the investment to further expand and strengthen its presence in the beauty format and e-commerce space.

Philippines: Japan’s SBI Investment leads $2.3m series A in tech startup Venteny

Other investors were Tokyo-based VC firm SV-FINTECH Fund, an independent firm from Singapore, and also key figures in Japan’s fintech community.

Philippines: Venture Capital, Kickstart back $550k round in ZAP

A rewards and loyalty platform startup, ZAP now plans to make a push into the payments space.

Philippines: Healthtech venture Philab to acquire controlling stake in pharma firm SLI

Philab’s investment in SLI is in line with its goal to foray into precision medicine.

China Telecom poised for Philippines foray, could become country’s third carrier

China Telecom will have to look for a local partner with an existing franchise and a significant presence in the Philippines.

Philippines: Cirtek Holdings raises $67m in local capital market

Cirtek’s dollar-denominated preferred shares chiefly gained demand from retail investors.