Yoma Strategic said Monday it has completed the placement of 332.5 million new shares to an indirect wholly owned subsidiary of Ayala Corp.
Smartphones may be hailed as the game-changer in efforts to bring more people into the formal banking system, but it’s not living up to the hype.
Ayala Corp. will invest up to US$237.5M to take an up to 20% stake in each of Yoma Strategic and its affiliate, First Myanmar Investment (FMI), Yoma said Thursday.
Singapore state-owned investment company GIC and KKR have entered a deal to invest as much as US$680M in Metro Pacific Hospitals, the parties said Tuesday.
Yoma Strategic has entered a tie-up with AC Energy to develop renewable energy projects in Myanmar via Yoma Micro Power (S), the two companies Monday.
Keppel Philippines Properties said Friday it sold its stake in Buena Homes (Sandoval), or BHSI, to Jetson Realty & Dev. Corp. (JRDC).
Southeast Asian streaming service iflix said Tuesday it switched to Google’s Open Bidding service for advertising in Malaysia, Indonesia and the Philippines.
These are Singapore companies which may be in focus on Wednesday, 11 September 2019: Olam, Starhill Global REIT, Isetan Singapore, Keppel and Accordia Golf.
Del Monte Pacific reported Friday a fiscal 1Q net loss of US$38.26 million on one-off items related to closing plants in the U.S.
Frasers Property said Friday it sold Frasers Hospitality Investment Holding (Philippines) to Bond Capital Partners for around S$45.3 million.
Del Monte Pacific said Tuesday it plans to shutter and divest some production facilities of its U.S. subsidiary, Del Monte Foods.
Del Monte Pacific reported Thursday its fiscal 4Q net profit jumped 59.2% on-year to US$6.30M amid lower capital expenditure and higher gross margins.