Philippines: MRC Allied buys stake in solar power firm Sepalco for $5m


The listed property developer ventured into renewable energy business in 2015

Filipino fast food group Jollibee eyes bid for Britain’s sandwich chain Pret A Manger

A successful bid by Jollibee would mark the biggest overseas deals to date by the Filipino company.

Philippines: Cocoon Capital makes seed funding in ecommerce startup Poundit

Poundit is Cocoon’s first investment in the Philippines recognizing dramatic improvement in the local ecommerce industry.

Philippines: Prime Metroline sells stake in Bloomberry Resorts for $74.6m

Post transaction, Prime Metroline remains Bloomberry’s largest shareholder with 65.58 per cent.

Philippines: Marcventures merges with two mining firms

Marcventure expects the merger to grow its business as a holding company engaged in mineral development in the Philippines.

Philippines’ Xurpas emerges as most active tech acquirer in SE Asia

Xurpas topped the list with its six acquisitions since 2012.

PH Digest: Ayala issues $400m perpetual notes; China Bank’s new president

Philippines: Ayala issues $400m perpetual notes; Chinabank’s new president

Philippines: Chelsea Logistics buying out local shipping firm Starlite

Starlite started operations in 1995 with the Batangas–Calapan route

Ayala completes acquisition of GFG’s stake in Zalora Philippines

The partnership will allow Zalora Philippines to keep investing in brand acquisition, marketing, and logistics infrastructure.

Philippines: BDO Unibank raising $700m via notes issue

This will be the second drawdown under the program following the $300 million issued in October last year.