By Mars Woo
PCC said it has begun a review on the acquisition by Grab Holdings Inc of the assets of Uber.
AboitizPower has launched AboitizPower Distributed Energy (APX) that will focus on the rooftop solar sector.
Malaysia’s Competition Commission would keep tabs on Grab, especially if the company imposed unfair practices or sudden fare increases.
The total consideration for the two acquisitions is about $3.4 million.
The three local ride-sharing companies are already in the process of complying with the necessary accreditation.
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.
The Robinsons Land-Shang Properties joint venture plans to build an upscale mixed-used complex.
ChatbotPH is the third tech acquisition Sterling Paper has made in the last six months.
LBC said the acquisition will diversify its businesses and realize returns on investments.
The proceeds will form part of the Philippines’ foreign exchange reserves and, when converted to pesos, can be used for budget spending.