Grab bags e-money licence for mobile wallet service in Philippines


The Philippines is the fifth country in SE Asia where Grab rolls out its full suite of mobile wallet services.

Philippines: IFC proposes up to $20m investment in PayMaya operator Voyager

Voyager is 100% owned by PLDT Inc, a Philippine-listed entity, through its subsidiary PLDT Communications and Energy Ventures Inc.

Electronics maker Cal-Comp delays $125m Philippine IPO due to market conditions

Investor concerns about high inflation and worsening China-U.S. trade tensions have weighed on the Philippines’ broader stock index. It has fallen 15 percent this year, the worst performer in Southeast Asia.

Meloy Fund closes Indonesia, PH-focused impact investment vehicle at $22m

The Meloy Fund seeks to invest in fishing and seafood-related enterprises in Indonesia and the Philippines.

PH proptech unicorn Revolution Precrafted looks to raise $100m Series C next year

At the third edition of DEALSTREETASIA’s PE-VC Summit 2018, founder Robbie Antonio hinted at the possibility of Revolution Precrafted reaching a $10-billion valuation in three to four years.

San Miguel says investors keen to pick stake worth $2.7b in food unit

The feedback from investor roadshows in Asia, Europe and the United States has been positive, San Miguel Corp President Ramon Ang said

IFC to commit $40m debt facility to Fullerton Health Philippines

This acquisition grants Fullerton Health a presence in eight Asian countries.

Japan’s Universal plans backdoor listing for Philippine casino

Tiger, which owns the operator of the $2.4 billion Okada Manila integrated casino-resort, is a subsidiary of Universal.

AirAsia’s Philippine unit may postpone IPO to mid-2019

The low-cost airline had been seeking to raise up to $250 million in an IPO this year to fund its expansion programme.

PH Digest: ICTSI picks stake in Manila North Harbor; Berjaya buys into 7-Eleven

ICTSI has acquired additional shares in Manila North Harbor for $17 million while Berjaya paid $2.3 million for a stake in 7-Eleven Malaysia.