BusinessTimes Philippines

01/12/2023

In a significant move to bolster the Philippine agricultural sector, GCash (Mynt - Globe Fintech Innovations, Inc.) has partnered with the agri-fisheries platform Mayani.

In a significant move to bolster the Philippine agricultural sector, GCash, a leading finance super app operated by the country’s first duocorn Mynt, has partnered with the agri-fisheries platform Mayani. This collaboration aims to address the long-standing issue of rural financial exclusion, a cr...

01/12/2023

Juan Alejandro “Sandro” A. Aboitiz, recently appointed as the Chief Financial Officer of AboitizPower, expressed confidence in the company’s continued growth, driven by upcoming energy projects.

Juan Alejandro “Sandro” A. Aboitiz, recently appointed as the Chief Financial Officer of Aboitiz Power Corporation (AboitizPower), expressed confidence in the company’s continued growth, driven by upcoming energy projects. Aboitiz detailed the company’s progress and future plans in an interv...

01/12/2023

Listed property developer Filinvest Land, Inc. has successfully accessed the bond market to raise P11.431 billion in fresh capital.

Filinvest Land, Inc. (FLI), a full-range property developer, has successfully accessed the bond market to raise P11.431 billion in fresh capital. This funding is earmarked for capital expenditures and refinancing existing debts. The company’s 3.5-year peso fixed-rate retail bonds, awarded a PRS Aa...

01/12/2023

Databourg , an environmental data analytics startup, has successfully closed its $1M seed financing round, bolstered by investments from the Manila-based Asian Development Bank (ADB) Ventures and a research and development grant.

Databourg, an environmental data analytics startup, has successfully closed its $1M seed financing round, bolstered by investments from the Manila-based Asian Development Bank (ADB) Ventures and a research and development grant. The Luxembourg-based company, initially a spin-off from the University....

27/11/2023

In a remarkable journey from a single store at Glorietta 2, Makati, to a thriving empire of 200 stores with multiple brands, The Figaro Coffee Group proudly commemorates its 30 years of unwavering commitment to coffee excellence.

In a remarkable journey from a single store at Glorietta 2, Makati, to a thriving empire of 200 stores with multiple brands, The Figaro Coffee Group proudly commemorates its 30 years of unwavering commitment to coffee excellence. Since its inception in 1993, the Figaro Coffee Group has grown from st...

27/11/2023

The campaign to end violence against women and children (VAWC) in Mandaue City continues through the joint efforts of the Mandaue City government, the Zonta Club of Cebu II, and other concerned sectors.

The campaign to end violence against women and children (VAWC) in Mandaue City continues through the joint efforts of the Mandaue City government, the Zonta Club of Cebu II, and other concerned sectors. The Women’s Summit organized by the Zonta Club of Cebu II, in cooperation with MOVE Mandaue, an...

24/09/2021

Flash Coffee considers Philippine expansion in 2022

Tech-enabled coffee chain Flash Coffee mulls Philippine expansion in 2022 Flash Coffee, one of Asia’s fastest-growing tech-enabled coffee chains has announced plans to expand into the Philippines, Malaysia, and Vietnam in 2022 to broaden its reach further. The company made the announcement after i...

19/08/2021

Yield Guild Games (YGG), a decentralized gaming guild of players and investors who generate yield from NFT-based games, announced it has raised $4.6 million investment led by venture capital firm Andreessen Horowitz (a16z).

Yield Guild Games has raised $4.6 million investment led by venture capital firm Andreessen Horowitz (a16z).

19/08/2021

Sitel Group, a global leader in end-to-end customer experience (CX) products and solutions, encouraged its global roster of employees to get fit for a good cause.

Sitel Group, a global leader in end-to-end customer experience (CX) products and solutions, encouraged its global roster of employees to get fit for a good cause. Bringing back the highly successful Step Forward, Give Back Challenge, Sitel Group presented employees with a united global fitness chall...

08/02/2021

The move would allow local raisers to supply the requirements of their respective regions and help strengthen biosecurity protocols among smallholder farmers.

Business San Miguel Corp Mulls Transferring Hog Inventory, Facilities to Local Raisers The move would allow local raisers to supply the requirements of their respective regions and help strengthen biosecurity protocols among smallholder farmers. By Beth Laguna-Sy - February 9, 2021 5 Share on Facebo...

05/01/2021

Shakey’s will be opening its first Singapore store in Lucky Plaza mall, along iconic Orchard Road, following a seven-year deal with Singapore’s Brenrich Pte. Ltd.

Business Philippines’ Shakey’s Pizza To Open in Singapore’s Lucky Plaza By Michael Chen - January 5, 2021 MANILA, Philippines – Shakey’s Pizza Asia Ventures Inc (PSE: PIZZA), the Philippines’ leading chained full-service restaurant, recently signed a franchising agreement that will allow...

29/12/2020

Vista Land has restarted launching residential projects in its existing land banks.

Vista Land & Lifescapes Inc views 2021 with optimism following the company’s recent developments amid the pandemic.

21/06/2020

The State of Online Sports Betting in Asia - BusinessNewsAsia.com

We take a look at where online sports betting stands in Asia right now

The gambling industry is perhaps one of the fastest-growing sectors today and the industry is projected to grow to $66.7bn the end of 2020.

15/06/2020

Lilly Now in Phase 3 Clinical Trial for Covid-19 Drug Baricitinib

Study Will Further Understanding of Baricitinib's Potential as a COVID-19 Treatment.

Eli Lilly said the first patient has been enrolled in a Phase 3 randomized, double-blind, placebo–controlled study to evaluate the efficacy of baricitinib.

11/06/2020

PLDT, Asia Direct Cable Consortium Building New APAC Submarine Cable

The consortium has selected NEC Corporation to construct the 9,400-kilometer long ADC cable, which is expected to be completed by the fourth quarter of 2022.

PLDT said the Asia Direct Cable Consortium, of which it is a member, is building a high-performance submarine cable connecting the Philippines, China, Japan, Singapore, Thailand, and Vietnam.

30/05/2020

S&P Affirms Philippines 'BBB+' Rating, 'Stable' Outlook

Debt watcher cites buffers against COVID-19 crisis, forecasts strong recovery in 2021.

International debt watcher S&P Global upheld the Philippines' “BBB+" rating with a “stable outlook" in recognition its efforts in the COVID-19 pandemic.

26/01/2020

Del Monte Philippines Selling Shares to Singapore’s SEA Diner for $130m

Del Monte Philippines Inc is selling a 13-percent share to Singapore-based consumer sector-focused firm SEA Diner Holdings for approximately $130 million after shelving its planned $258-million initial public offering (IPO).

Del Monte Philippines Inc is selling a 13-percent share to Singapore-based consumer sector-focused firm SEA Diner Holdings for approximately $130 million.

21/12/2019

Business News Asia

Business News Asia

Adams Street Partners, a Chicago-based investment management firm, has announced the final close of its 2019 global fund – Adams Street 2019 Partnership Fund Program – at approximately $740 million in capital commitments.

10/12/2019

DHL, JG Summit Form Logistics Joint Venture in PH

The parties involved have agreed to invest approximately P60 million in the joint venture, which is expected to start commercial operations in June 2020.

Global contract logistics solutions provider DHL Supply Chain has formed a joint venture agreement with local conglomerate JG Summit Holdings.

09/12/2019

Cebu Landmasters Expands Landbank in VisMin by 36%

The properties will give rise to a range of projects with a projected investment of P50 billion, the company said in a disclosure to the Philippine Stock Exchange.

Cebu Landmasters, a listed housing developer in the Visayas and Mindanao areas, has expanded its landbank in key cities in the region to 1,245,485 sqm.

06/12/2019

SM Prime Gets Nod for 360-Hectare Reclamation Project in Pasay

Philippine-listed SM Prime Holdings Inc, one of the largest integrated property developers in Southeast Asia, has officially received approval to proceed with the 360-hectare reclamation project within the municipal waters of Pasay City.

Philippine-listed SM Prime Holdings Inc has officially received approval to proceed with the 360-hectare reclamation project in Pasay City.

06/12/2019

Ayala's AC Health Acquires Healthway Philippines

Ayala's AC Health Acquires Healthway Philippines

AC Health has acquired 100 per cent of Healthway, one of the leading clinic networks in the country, from Hong-Kong based HKR International (HKRI) Limited

06/12/2019

Telus International Acquires BPO Firm Competence Call Center for $1bn

Global customer experience firm Telus International has announced its acquisition of Competence Call Center (CCC), a Berlin-based business process outsourcing (BPO) service provider, for approximately 915 million euros (about $1 billion).

Global customer experience firm Telus International has announced its acquisition of Competence Call Center (CCC) for approximately $1 billion.

05/12/2019

Startup Accelerator IdeaSpace Invests P3m In Logistics, Tourism Firms

Philippine accelerator IdeaSpace has announced its investment in the top three teams for this year’s startup competition.

Philippine start-up accelerator IdeaSpace has announced its investment in the top three teams for this year’s start-up competition.

29/11/2019

F&B Kiosk Operator Fruitas Debuts on the Philippine Stock Exchange

Food and beverage kiosk operator Fruitas Holdings Inc today begins a new journey as a listed company with the traditional bell-ringing ceremony at the Philippine Stock Exchange, with the ticker symbol FRUIT.

Food and beverage kiosk operator Fruitas Holdings Inc debuts on the Philippine Stock Exchange, with the ticker symbol FRUIT.

23/07/2019

Co-living Operator Hmlet Raises $40M in Series B, Eyes APAC Expansion

The funds raised in Series B will continue to grow Hmlet’s presence in gateway cities – where housing is expensive – across the company’s existing markets of Singapore, Hong Kong and Sydney, Australia. Plans for launch in Melbourne, Brisbane and Tokyo, Japan are also in the pipeline.

Hmlet, the Singapore headquartered co-living operator, has raised $40 Million in a Series B round, funding its planned expansion in the Asia Pacific region.

20/07/2019

Scoot to Operate from Terminal 1 at Singapore Changi Airport from 22 October

Scoot, The low-cost arm of the Singapore Airlines Group, will operate from Singapore Changi Airport’s Terminal 1 (T1) from Tuesday, 22 October 2019.

Scoot, The low-cost arm of the Singapore Airlines Group will operate from Singapore Changi Airport’s Terminal 1 (T1) from Tuesday, 22 October 2019

18/07/2019

Co-founded by Warburg Pincus in 2014, Shanghai-based D&J China has built a sizeable portfolio, primarily focused on key markets in Beijing, Shanghai and Shenzhen.

18/07/2019

Philippines Port Operator ICTSI Wins Bid to Takeover Brazil's Libra Terminal Rio

Libra Rio holds the concession rights to operate, manage and develop the container terminal Terminal de Contêineres 1 (T1Rio) in the port of Rio de Janeiro City, Brazil.

Philippine-listed global port operator International Container Terminal Services Inc (ICTSI) said its subsidiary, ICTSI Americas BV, has won the bid to acquire Libra Terminal Rio from Boreal Empreendimentos e Participacoes SA.

08/07/2019

Hotel Okura Manila Set to Open By H2 in Resorts World Complex

Hotel Okura Manila will be the Japanese hotel group's first hotel to open in the Philippines. - TravelNews.ph

Japanese hotel group Hotel Okura Co said Hotel Okura Manila will open in the latter part of this year within the Resorts World Manila complex.