By Cecilia Yap
San Miguel Corp. and a group that includes billionaire Henry Sy have competing proposals for new airports to service the capital.
Freeman FinTech is exploring investment opportunities in the Philippines while Netherlands-based Mulgrave Corp is raising its ownership in Rose Pharmacy.
San Miguel allocates $13.6bn capital expenditure while Ayala Corp is acquiring National Teachers College for an undisclosed amount.
Ayala Corp’s subsidiary, AC Industrial, has been picked as “preferred bidder” for Kia’s dealership in the Philippines
Mass housing developer 8990 Holdings is expanding its real estate portfolio with a Php60 billion ($1.1 billion) investment across the Philippines this year.
Del Monte will use the proceeds primarily for debt repayment and for general corporate purposes.
Proceeds from the IPO of Fruitas will be used for network expansion, facilities upgrade, and future acquisitions.
When all goes well within two years of our projected local expansion, we’ll be expanding to six other countries. – Ronn Mitchell Esguerra, CEO, Bliimo
The Philippine firm said the investment will be used to develop a genome sequencing facility in Asia.
Both SM and Goldilocks have jointly agreed not to pursue the transaction given changes in the general business environment.