Philippines: Carret Private to acquire 20% stake in Maestro Holdings

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Maestro Holdings Inc is a Filipino financial services firm under the Tanco Group of companies.

PH Digest: DoubleDragon raises $191m in debt market; PhilRealty buys Meridian properties

DoubleDragon says it has fully funded all its capex requirements for its 2020 plans after raising $191 million in the debt market.


Philippines: San Miguel enters luxury car biz with BMW distribution JV

The new SMC Asia Car Distributors Corp is a 65:35 joint venture company between San Miguel and businessman Jose Alvarez.


Philippines: Chelsea Logistics all set for $157m IPO

The company’s offer period is slated from July 24 to 31. Its tentative listing date is August 8.


Grab, Uber at receiving end as Philippines cracks down on 50,000 unauthorised vehicles

Transport regulator has said Grab and Uber continue to allow drivers without permits to operate.


San Miguel president Ang to buy Philippine Daily Inquirer publisher

The newspaper is among the country’s top three by circulation.


Philippines: CashCashPinoy decries ‘shutdown’ reports even as it remains offline

Firm says it is updating its technology and undergoing a brand transformation.


Philippines: San Miguel unit buys Australian wine bottler Barossa

SMC expects the business to contribute up to A$300 million.


Philippines: SEC approves Chelsea Logistics’ $157m IPO plan

Under its preliminary prospectus, Chelsea Logistics plans to list 546.59 million new shares at a maximum price of P14.63 apiece.


Startup Digest: ServeHappy wins Seedstars Manila; Globe picks 10 finalists under GFM

ServeHappy will have a chance to win up to $1 million equity investment in the Seedstars World global finals in 2018 in Switzerland.