Ride-Hailing companies

Philippine antitrust body starts Grab-Uber deal review while Malaysia okays merger

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PCC said it has begun a review on the acquisition by Grab Holdings Inc of the assets of Uber.

PH Digest: AboitizPower in roof top solar venture; BPI prices $960m rights offer

AboitizPower has launched AboitizPower Distributed Energy (APX) that will focus on the rooftop solar sector.


Malaysia, Philippines put Grab on anti-competition watchlist post Uber deal

Malaysia’s Competition Commission would keep tabs on Grab, especially if the company imposed unfair practices or sudden fare increases.


PH-listed Basic Energy Corp to acquire 15% stake in two Thai firms

The total consideration for the two acquisitions is about $3.4 million.


Three new ride-hailing startups to challenge Grab’s ‘monopoly’ in PH

The three local ride-sharing companies are already in the process of complying with the necessary accreditation.


Philippines: Robinsons Retail to buy Rustans from Dairy Farm for $343m

Robinsons Retail is owned by the Gokongweis, the Philippines’ second richest family. It operates over 3,500 retail formats, including supermarkets, department stores, drugstores, international fashion and beauty specialty store, and specialty coffee shops.


Philippines: Robinsons, Shang Properties form $191m JV; PSE to not raise PDS bid

The Robinsons Land-Shang Properties joint venture plans to build an upscale mixed-used complex.


Sterling Paper acquires Philippines’ AI-powered chatbot startup ChatbotPH

ChatbotPH is the third tech acquisition Sterling Paper has made in the last six months.


PH Digest: LBC to pick 30% in Orient Freight; Philab gets nod to buy Sydenham Labs

LBC said the acquisition will diversify its businesses and realize returns on investments.


Philippines to issue $230m panda bond, in a first for SE Asia

The proceeds will form part of the Philippines’ foreign exchange reserves and, when converted to pesos, can be used for budget spending.