Philippines: 8990 Holdings appoints new CEO, COO


Willibaldo Uy, and Alexander Sotto will take charge as as president and CEO, and chief operating officer of the company, respectively.

Philippines: Cirtek okays acquisition of tech promoter Multiplay

The planned acquisition is in line with Cirtek’s strategy to expand its business.

Philippines: Golden Haven acquires mass housing developer Bria Homes for $65 million

Philippine-listed Golden Haven Memorial Park is entering the country’s mass housing market through its acquisition of Bria Homes for $65 million.

Philippines: Metro Pacific bags $246m joint water project

The project cost for the duration of the 25-year concession is estimated at P12.35 Billion, with an initial equity investment of P600 million in 2018

PH conglomerates form consortium to upgrade NAIA international airport

The conglomerates plan to submit an unsolicited proposal to the Department of Transportation for upgrading the airport after years of battling with each other to grab the $1-billion project.

Philippines: PE industry remained nascent in 2017 but sees growing number of investable firms

PE firm Sierra Madre remains positive about the local market which it considers to be “underserved by global and regional PE funds, local banks, and large strategic players.”

Dennis Uy-backed Udenna to acquire Philippine H2O Ventures from Jolliville

H2O Ventures is an investment holding company engaged in the operation, maintenance, and distribution of water supply systems.

Philippines: San Miguel buys power firm Masin-AES for nearly $2b

Masin-AES owns/runs a 630MW coal-fired power plant in Zambales province, Philippines.

Philippines: Credit management firm Collectius acquires bank’s $350m NPL portfolio

The deal consists of 340,000 credit cards and personal loans.

Philippines: Qwikwire launching $9m ICO to aid property players to tap global market

Qwikwire founder and CEO Ray Refundo said the AQwire platform will empower property developers to be able to sell their units to any customer in the world.