Philippines: Puregold’s merger of three supermarket firms approved


Puregold has evolved from one hypermarket into developing an omni-market presence.

Philippines: Harbor Star acquires 60% of power firm ADGI for $6.3m

Harbor Star’s entry in the energy sector is part of its strategy to diversify its business interests.

PH Digest: UnionBank raises $400m via term notes; Vista Land secures $350m through bonds

UnionBank will use the proceeds to refinance its existing liabilities and expand its funding base.

Philippine tycoon Henry Sy’s grandson Howard aims to carve out his own niche with self-storage biz

The scion may explore dabbling in online business too.

Philippines: IFC investing $12.8m in Discovery World’s hotel, resort biz

IFC’s investment is meant to meet the growing demand for hospitality infrastructure in the Philippines.

Philippines: Payment ecosystem Salarium aims to raise $50m via ICO

The new ICO is expected to bridge the gap for small and medium BPOs, freelancers, and remittances in the Philippines.

PH Digest: Cebu Landmasters inks realty JV; BEC to buy stake in Thailand RE firms

PH Digest: Cebu Landmasters inks realty JV; BEC to acquire stake in Thailand RE firms

PH Digest: FDC, JG Summit form $16b airport JV; FNI, Vi Holding ink mining pact

Filinvest Development Corp (FDC) and JG Summit Holdings Inc (JGS) will invest over $16 billion in new development at the Clark International Airport, while Global Ferronickel Holdings Inc (FNI), and Russian company Vi Holding LLC have signed a cooperation agreement for joint business projects in mining. Filinvest, JG Summit to… Read more »

Philippines: Chelsea Logistics buys cargo firm WSI, completes Starlite acquisition

CLC bought WSI for an undisclosed sum, while it closed its 100 per cent acquisition of Starlite for up to $31.2 million (P1.6 billion).

Philippines: San Miguel buys Best Bottlers in Australia

The deal marks San Miguel’s sixth acquisition in the packaging industry in the Australia and New Zealand region.