By Mars Woo
Northern Star and a government unit are building a Crypto Valley in the Philippines with a committed gross investment of $100 million.
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.
GSG is selling 75% in Gold Coin to Pilmico International at an implied enterprise valuation of $550 million.
San Miguel is also looking to open its first production facility in the United States and build a second plant in Vietnam
Brazil becomes the 16th international market for the Philippine-based Revolution Precrafted.
Grab Philippines said that the additional charge was “legal” and that the regulatory body knew about it.
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.
The fund will invest in distressed assets projects in Philippines, Thailand, Indonesia and Vietnam.
El Salvador becomes the 15th international market that Revolution Precrafted is foraying into.
It will use the IPO proceeds for expansion and building of new factories in the Philippines.