Revolution Precrafted

Philippine unicorn Revolution Precrafted bags $300m Caribbean deal


Revolution Precrafted’s initial franchise deal with NOVO Development involves the supply of at least 1,000 units in the region that would create sales revenues of as much as $300 million.

Asia Digest: Aboitiz eyes $1.5b capex; Halcyon completes Indonesia acquisitions

AEV said the bulk of this year’s capital expenditure will be used to finance projects in power and food.

Indonesia’s Go-Jek eyes Philippine expansion, to meet transport regulator

Go-Jek executives have requested for a meeting with the regulator next week, Aileen Lizada, a board member at the transport regulator, said.

IFC may extend $40m loan to finance acquisitions by Fullerton Health Philippines

Fullerton Health is acquiring 60% stake in Intellicare group of companies in the Philippines.

Credit Suisse secures nod to launch wealth management business in Philippines

The Swiss bank intends to tap the growing onshore wealth in the Southeast Asian country.

Philippines: PLDT to sell part of its Rocket Internet stake for $202m

PLDT, through PLDT Online, currently owns about 6.1 per cent of Rocket Internet.

Asia Digest: Jollibee closes Smashburger deal; Singapore family fund backs LimFlow

Philippine fast-food giant Jollibee has completed its acquisition of additional 45 per cent stake in American burger chain Smashburger.

Philippines: Boxing icon Manny Pacquiao invests in car rental startup Graventure

Pacquiao’s latest investment comes barely a month after he invested in Singaporean blockchain startup Global Crypto Offering Exchange.

San Miguel seeks up to $3.6b in share sale at merged F&B unit

San Miguel Food and Beverage Inc., which combined three businesses of the group, is now worth $12 billion.

Grab Philippines says can keep Uber app running only until April 15

Grab has clarified that although the Uber app continues to operate, it has limited functionality and little or no support