AirAsia’s Philippine unit may postpone IPO to mid-2019


The low-cost airline had been seeking to raise up to $250 million in an IPO this year to fund its expansion programme.

PH Digest: ICTSI picks stake in Manila North Harbor; Berjaya buys into 7-Eleven

ICTSI has acquired additional shares in Manila North Harbor for $17 million while Berjaya paid $2.3 million for a stake in 7-Eleven Malaysia.

PH Digest: Premiere Horizon acquires mining firms; BPI raises $600m in senior notes

Premiere Horizon’s subsidiary, Redstone Construction and Developmentn Corp will carry out the acquisitions.

PH Digest: Revolution Precrafted bags $210m US deal; URC buys sugar milling assets

The US is the 17th international market for Revolution Precrafted.

San Miguel’s F&B unit seeks to raise $2.7b in share sale

The planned share sale comes after SMC merged three businesses to form the food and drinks unit, which is now worth $12 billion.

PH Digest: Foodtech startup BigDish acquires looloo; Dennison takes 45% of ISM

BigDish raised $2.3 million in its listing on the Main Market of the London Stock Exchange, ahead of its planned expansion in the UK.

Philippines: Megawide acquires WM Property Management for $6.45m

Megawide said, it has bought the entire 344.5 million shares of WM Property from various stockholders through a straight sale and in cash.

Philippine regulator approves Grab-Uber deal with caveats

Grab has been asked to improve fare transparency and acceptance rates for bookings, respond faster to complaints, and re-evaluate drivers incentives.

Blackstone buys stake in TaskUs said to be worth $250m, Philippine PE Navegar exits

The deal ascribes a pre-money valuation of more than $500 million to the outsourcer.

Philippines: Proptech unicorn Revolution Precrafted expands footprint to Peru

Revolution Precrafted will build 50 luxury curated country villas for the first phase.