Philippines: San Miguel buys Best Bottlers in Australia


The deal marks San Miguel’s sixth acquisition in the packaging industry in the Australia and New Zealand region.

PH Digest: 3 startups win Taiwan competition; Govt partners Revolution Precrafted

Three Philippine startups bagged top awards at a startup competition in Taiwan, while the local science and technology department has partnered the Philippines’ first unicorn, Revolution Precrafted, to showcase R&D in the development of construction materials for prefabricated homes. 3 Philippine startups sweep STSP Taiwan tourney Three Philippine startups bagged top… Read more »

Philippines: San Miguel to consolidate food, beverage units in share swap  

The conglomerate is combining its core food and beverage assets valued at $6.6 billion.

PH Digest: Vantage Equities to inject $4.8m in investment firm; Chinabank president

Investment and financial holdings firm Vantage Equities Inc is investing up to $4.8 million in the pre-incorporation of a new funding company, while private universal bank Chinabank has named William Whang as its new president. Vantage Equities putting $4.8m in new investment firm Vantage Equities Inc, an investment and financial… Read more »

Philippines: MPTC acquires stake in Indonesia infra firm Nusantara for $132m

PT MPTI will now hold a total of about 47.08 per cent of the total issued capital stock of PT Nusantara on a fully-diluted basis.

Australia’s ANZ quits retail banking in the Philippines

Big Australian banks are shedding capital-intensive assets amid stiffer bank capital rules.

Philippines-listed Jollibee Foods closes 12 Hotpot restaurant chain in China

Jollibee Foods Corp aims to focus on building its larger and fast-growing businesses in China and other parts of the world.

Fintech startup AsiaKredit raises pre-Series A from Fintonia; launches in PH

AsiaKredit seeks to spread out to other countries across Southeast Asia with plans to expand into Indonesia in 2018.

Philippines: Phoenix Petroleum buys FamilyMart chain from Ayala, SSI

In the Philippines, FamilyMart has a network of 67 company-owned and franchisee convenience stores.

Philippines: BEC okays renewable energy investments in Japan, Myanmar, Thailand

There are two equity investments in Japan – 10 per cent each in Solmax Power Limited and in an undisclosed local investor of a 25 MW biomass power plant project.