Philippine regulator approves Grab-Uber deal with caveats


Grab has been asked to improve fare transparency and acceptance rates for bookings, respond faster to complaints, and re-evaluate drivers incentives.

Blackstone buys stake in TaskUs said to be worth $250m, Philippine PE Navegar exits

The deal ascribes a pre-money valuation of more than $500 million to the outsourcer.

Philippines: Proptech unicorn Revolution Precrafted expands footprint to Peru

Revolution Precrafted will build 50 luxury curated country villas for the first phase.

Philippines’ Duterte to cancel Landing’s $1.5b casino project

A government spokesperson said the rental payment was “unconscionable”.

Philippine foodtech startup BigDish raises $2.3m in London IPO

The company admitted 49.4 million shares at 4.5 pence each, valuing BigDish at $16.70 million.

PH Digest: Meralco-led group to invest $581m in Ghana; Crypto Valley takes shape

Northern Star and a government unit are building a Crypto Valley in the Philippines with a committed gross investment of $100 million.

Philippine regulator approves Landing’s $1.5b casino project

This will be the fifth casino project in the Philippines’ smaller version of the Las Vegas strip, highlighting the growth prospects in one of Asia’s fastest-growing gambling markets.

Swiss GSG sells 75% stake in Singapore’s animal feed major Gold Coin to Aboitiz unit

GSG is selling 75% in Gold Coin to Pilmico International at an implied enterprise valuation of $550 million.

San Miguel to invest $1b in new breweries as Philippine beer demand grows

San Miguel is also looking to open its first production facility in the United States and build a second plant in Vietnam

Philippine unicorn Revolution Precrafted bags $460m deal in Brazil

Brazil becomes the 16th international market for the Philippine-based Revolution Precrafted.