Philippines: Antitrust watchdog clears Udenna’s $120m takeover of 2GO shareholder


The approval comes after both parties paid a fine for consummating the deal without clearance from the antitrust commission.

Philippine ride-hailing firm U-Hop secures investment from boxer Mayweather

Mayweather has partnered with U-Hop through his company The Money Team (TMT), which has made its first Southeast Asia investment.

Philippines: Jollibee to acquire 45% of Singapore PE fund Titan Dining for $34m

The investment will give JFC a substantial ownership in Tim Ho Wan Pte Ltd, the Asia Pacific master franchise holder of the Tim Ho Wan brand.

Philippine edtech startup Edukasyon closes pre-Series A funding

Manila-based Edukasyon has raised an undisclosed amount in a funding round backed by KSR Ventures and French Partners, ahead of its planned Series A in the fourth quarter of this year.

Ride-hailing ventures take on Manila streets, undeterred by Grab-Uber dominance

Grab now controls more than 90% of the ride-hailing market in the Philippines but struggles to keep up with demand.

PH Digest: Puregold exits retail JV with Lawson; Unionbank eyes $193m rights offer

The convenience store business represents less than 10 per cent of Puregold’s portfolio.

Philippine proptech unicorn Revolution Precrafted bags Japan deal

The Japan deal follows a string of international deals worth over $3.5 billion that Revolution Precrafted has sealed so far this year.

NZ’s Tegel Group gets $309m buyout offer from Philippine poultry firm

If successful, this would be the biggest outbound deal from the Philippines in almost two years.

Philippines to allow cryptocurrency operators in economic zone

The Philippines will allow 10 blockchain and virtual currency companies to operate in an economic zone to take advantage of tax perks while generating employment.

Philippines: Kickstart leads $1.6m seed round in HR-tech startup Sprout Solutions

Sprout Solutions said it will use the funds to accelerate expansion in the Philippines.