Philippines to issue $230m panda bond, in a first for SE Asia


The proceeds will form part of the Philippines’ foreign exchange reserves and, when converted to pesos, can be used for budget spending.

Philippines: Manila Water completes stake buy in Thai firm; Pension fund to auction $384m property

Manila Water has acquired 18.72 per cent of Thailand’s Eastern Water Resources Development and Management Public Company Ltd (East Water).

Philippine unicorn Revolution Precrafted bags $3.2b deal in Dubai

Agreement involves the design, supply, and installation of 2- to 3-bedroom luxury condominium apartments and villas. 

Philippine central bank supervisor takes aim at male-dominated boards

In the Philippines, men hold 82% of the 265 board seats at the nation’s biggest lenders and some banks have no women on their boards at all.

CLSA eyes a piece of Belt and Road with $10b Manila airport project

“China has the capital, has the market. These countries have the need,” CLSA’s chairman said.

Philippines’ Manila Water to acquire 20% of Indonesia’s bulk water supplier Sarana

Manila Water’s acquisition in Indonesia comes after its foray into bulk water and concession projects in Thailand and Vietnam.

Philippine property developer DM Wenceslao files for $300m IPO

The company intends to sell 679.2 million shares, or about 20% of its total issued shares.

Philippine Digest: Cerebro Labs eyes millennial startups; Antitrust body ups mandatory M&A limit

Cerebro Labs was founded by professionals with backgrounds in law, accounting, and engineering.

Philippines: Landbank board okays 66.67% acquisition of PDS Holdings

Landbank’s board had approved during its meeting on February 27 the plan to acquire the stake at P360 ($6.9) per share.

Philippine govt’s $2b LNG import facility draws interest from Tokyo Gas, others

Tokyo Gas and the Philippines’ First Gen Corp , along with two other foreign companies, are looking to invest in the project.