Meralco Ghana

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.

Grab Philippines fined for overcharging, vows to challenge ruling

Grab Philippines said that the additional charge was “legal” and that the regulatory body knew about it.

Asia’s newest millionaires switch out basket-case economy for fine art

While the Philippines still lags the likes of S Korea and Taiwan in dollar millionaires, rapid wealth creation is prompting finance firms such as Credit Suisse to tap what was once Asia’s economic basket case.

Southeast Asia-focused Altus Capital to raise $272m distressed assets fund

The fund will invest in distressed assets projects in Philippines, Thailand, Indonesia and Vietnam.

PH Digest: Revolution Precrafted enters El Salvador; Megaworld buys Stateland

El Salvador becomes the 15th international market that Revolution Precrafted is foraying into.

Philippines: Consumer tech firm Cal-Comp files for $127m IPO

It will use the IPO proceeds for expansion and building of new factories in the Philippines.