PH Digest: Puregold exits retail JV with Lawson; Unionbank eyes $193m rights offer


The convenience store business represents less than 10 per cent of Puregold’s portfolio.

Philippine proptech unicorn Revolution Precrafted bags Japan deal

The Japan deal follows a string of international deals worth over $3.5 billion that Revolution Precrafted has sealed so far this year.

NZ’s Tegel Group gets $309m buyout offer from Philippine poultry firm

If successful, this would be the biggest outbound deal from the Philippines in almost two years.

Philippines to allow cryptocurrency operators in economic zone

The Philippines will allow 10 blockchain and virtual currency companies to operate in an economic zone to take advantage of tax perks while generating employment.

Philippines: Kickstart leads $1.6m seed round in HR-tech startup Sprout Solutions

Sprout Solutions said it will use the funds to accelerate expansion in the Philippines.

Philippine unicorn Revolution Precrafted bags $300m Caribbean deal

Revolution Precrafted’s initial franchise deal with NOVO Development involves the supply of at least 1,000 units in the region that would create sales revenues of as much as $300 million.

Asia Digest: Aboitiz eyes $1.5b capex; Halcyon completes Indonesia acquisitions

AEV said the bulk of this year’s capital expenditure will be used to finance projects in power and food.

Indonesia’s Go-Jek eyes Philippine expansion, to meet transport regulator

Go-Jek executives have requested for a meeting with the regulator next week, Aileen Lizada, a board member at the transport regulator, said.

IFC may extend $40m loan to finance acquisitions by Fullerton Health Philippines

Fullerton Health is acquiring 60% stake in Intellicare group of companies in the Philippines.

Credit Suisse secures nod to launch wealth management business in Philippines

The Swiss bank intends to tap the growing onshore wealth in the Southeast Asian country.