Philippine Digest: PLDT GSIS

Philippine Digest: PLDT inks $300m deal with Amdocs; GSIS seeks overseas investment manager


PLDT and its wireless unit, Smart Communications, have partnered with Amdocs in a $300-million deal to upgrade the telecom firm’s digital capabilities.

Philippines: Ayala’s AC Energy in pact with Vietnam’s BIM Group for solar projects

Ayala said it has agreed with BIM Group to jointly develop over 300 MW of solar power projects in Vietnam’s Ninh Thuan province.

Car classifieds startup Carmudi secures $10m to expand SE Asia ops

The bulk of the fund will go to Carmudi’s Philippine operations.

Philippine Digest: Landbank gets nod to buy PDS Holdings, Shenzhen’s investment in PSE faces hurdles

Land Bank of the Philippines has received approval from its board to go ahead with the plan to acquire at least 66.67% stake in PDS Holdings.

Philippine Digest: Kombi Land sells 19.68% stake to Baesa, PAL denies re-IPO report

Baesa Redevelopment is paying $1.2 million for a 19.68% stake in Kombi Land.

Philippine Digest: Landbank eyes majority stake in PDS; Ayala teams up with Eton

Government-owned Land Bank of the Philippines seeks to acquire majority stake in Philippine Dealing System Holdings to increase profits while property giants Ayala Land and Eton Properties are co-investing P53 billion in a township project. Landbank seeks to acquire majority stake in PDS Holdings State-run lender Land Bank of the… Read more »

Philippine Digest: Metrobank, SM Prime to raise fresh funds

Banking giant Metrobank is raising fresh capital through a stock rights offering while SM Prime is offering as much as P20 billion in new bonds.

TCS sells PDS Holdings stake to Philippine Stock Exchange for $3m

The acquisition of the 500,000 common shares of stock of TCS in PDS Holdings gives PSE a total of 69.03 per cent ownership in the fixed-income exchange operator.

Philippine Stock Exchange buys San Miguel’s stake in PDS Holdings

The latest deal will boost PSE’s stake in PDS Holdings to 61.03 percent.

Philippine Digest: Phoenix Petroleum completes FamilyMart buy, AboitizPower invests in 4 new plants

Phoenix Petroleum will put up FamilyMart stores in central business districts, targeting BPO employees.