Philippines: Ayala’s IMI acquires 80% stake in UK-based electronics firm STI


It will enable the PH-listed firm to tap aerospace and defence.

Philippines: Sierra Madre hits first close of maiden fund at $50m

Sierra Madre expects to make 8-10 SME investments over the life of the fund.

Philippines: Jollibee, Singapore’s Blackbird form JV to enter European market

Jollibee subsidiary will own controlling stake in the JV

Philippines’ San Miguel plans $34b investments, eyes Saigon Beer stake

Vietnam may provide an anchor to increase its brewery biz, said President Ang

Philippines: SM buys stake in 2Go Group, enters logistics business

Conglomerate SM Investments Corp (SM) has forayed into the logistics business with the acquisition of a 34.5 per cent stake in supply chain operator 2Go Group. SM acquired over 884.4 million shares of 2Go’s majority shareholder Negros Navigation Co Inc, priced at $0.14 per share, for a total of $124.5 million…. Read more »

Philippines: PHA’s $10m private placement; Cemex, Sinoma ink pact

Premiere Horizon Alliance Corp (PHA) is looking to raise $10 million in the private placement offer for its West Palawan Premiere Development Corp (WPP) project, while Cemex Holdings Philippines Inc and Sinoma Energy Conservation Ltd have signed a deal to build and operate a waste-heat-to-energy (WHTE) facility. Premiere Horizon okays… Read more »

Philippines: MPI, Covanta, Macquarie in waste-to-energy JV with Quezon City

The facility will be capable of processing and converting up to 3,000 metric tons per day of the city’s solid waste into 42MWe of renewable energy ― enough to power between 60,000 to 90,000 homes.

Philippines’ ICTS in race for majority stake in Greek port

Dubai-based P&O and Deutsche Invest Equity Partners have submitted offers.

Philippines: PXP increases control interest in Forum Energy

PXP Energy Corp, an upstream oil and gas company in the Philippines, has increased its interest in UK-based Forum Energy Ltd which has the license to oil and gas exploration in the disputed waters between China and the Philippines. PXP disclosed on Thursday (March 23) that it has increased its… Read more »

Philippines: Atok buys stake in Forum Energy for $2m

Forum Energy holds the license to Service Contract 72, ― the disputed waters between China and the Philippines ― estimated to contain prospective resources of natural gas and oil.