Naughton to head DMFI’s strategic planning

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Del Monte Pacific Limited (DMPL) has appointed Jeanette Beatrice Naughton  as the executive director and vice president for strategic planning, of its principal subsidiary Del Monte Foods Inc (DMFI). According to the Singapore and Philippine-listed company, DMPL’s board of directors has reviewed, assessed and approved the appointment of Naughton as… Read more »

Anglo Holdings sells NTDCC stake for $28.5m

Anglo Philippine Holdings Corporation raised $28.5 million (P1.26 billion) from the sale of its entire stake in North Triangle Depot Commercial Corp (NTDCC) to the local realty firm Ayala Land Inc (ALI). The deal was a completed transaction that began last December 3, 2014 when the Ramos-led investment holding firm… Read more »


PH startup Salarium wins $500k Seedstars prize

Philippine payroll service tech startup Salarium on Thursday took home the grand prize of $500,000 after winning the global Seedstars World (SSW) Competition held in Geneva, Switzerland. A total of 12 Asian startups and 36 companies in total, were competing for at the Seedstars World (SSW) Grand Final Competition. All in all,… Read more »


PH startup Hiraya mulls regional expansion

Philippine-based startup Hiraya Water Solution is looking at expanding overseas.


Universal Robina gets $576m loan for NZ buyout

Philippine-listed snack and beverage company Universal Robina has raised NZ$742.32 ($576 million) from a total of 14 foreign banks to fund its acquisition of New Zealand’s top snack foods maker, a report said. The five-year bullet loan arrangement will be used to finance URC’s $609 million acquisition of New Zealand… Read more »


PH co GT Capital raises $222m in block share sale

Philippines company GT Capital Holdings Inc (GTCAP), a listed holding company in the Philippines, announced Tuesday, that it had raised P9.848 billion ($222.9 million) through an  overnight share sale by major equity holders of the company. GTCAP reported to the local stock exchange that its largest shareholders — Grand Titan Capital… Read more »


Standard Chartered ‘to sell Philippines retail unit’

London-listed international banking group Standard Chartered is said to be planning to sell its retail business in the Philippines, according to a Reuters report. The report quoted a source as stating that the move could be one of the strategies that Standard Chartered CEO Peter Sands is planning for in… Read more »


PH firm ABCI sells its chalet, hotel business to Angelus Agri

A Brown Group of Companies Inc (ABCI), a listed holding firm in the Philippines, announced on Monday that it has sold completely its chalets and hotel business amounting to $618,000 (P27.3 million). ABCI informed the stock exchange that related to its October 2014 announcement, it has executed on the sale… Read more »


Del Monte’s rights offer shrinks to $149.9m

From its targeted $180 million stock  sale in both the Singapore Exchange (SGX) and the Philippine Stock Exchange (PSE), Del Monte Pacific Ltd is now likely to raise only $149.9 million based on its latest stocks rights offering (SRO) and expense deductions. In its disclosure to the PSE on Monday,… Read more »


PH startup MobKard eyes Asia expansion

Philippine tech startup MobKard is gearing for an Asia expansion as it continues to gain a local foothold after securing ‘hundreds’ of merchant partners availing of its digital privilege card services or mobile card offerings for customers. Minor as it may seem, the issues of failing to bring or losing… Read more »