By Bhawna Gupta
This is the first investment by IFC in the region in 2017.
Ayala Land Inc, and the Philippine National Reinsurance Company (PhilNaRe) both appointed new finance chiefs.
Daiwa made the investment to capitalize on the Philippines’ fast-growing retail segment and young wealth builders.
CIP cited “income from disposition” as the reason behind the planned share sale.
The acquisition will increase GT Capital’s stake in Metrobank by 9.622 per cent from 26.47 per cent to 36.092 per cent.
Korea’s Military Mutual Aid Association (MMAA) has appointed Jae Dong Kim as its new chief information officer, while listed Philippine-company Manila Water Co has named Ferdinand dela Cruz as president and CEO, and appointed other key executives. Korea’s MMAA appoints new CIO Jae Dong Kim, former equity head of South Korea’s Military… Read more »
the share buyback program will replace the previous mandate which has already been exhausted, while its P2.5 billion agreement with Security Bank is a five-year fixed interest term loan.
It has earlier raised $1.2m seed in October 2o16 led by Key Capital.
China Banking Corp (Chinabank) is set to raise gross proceeds of over $300 million (P15 billion) through a stock rights offering (SRO) on the Philippine Stock Exchange (PSE) slated on April 24 to May 5, 2017. Chinabank intends to use the proceeds to fund the bank’s credit growth in the… Read more »
Besides Acudeen, three other startups in Asia made it to the top 14 finalists, namely Sri Lanka’s LayUp, Singapore’s uHoo, and PiQuant from South Korea.