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Korea’s Woori Bank Acquires Philippines’ Wealth Development Bank
South Korea’s second-biggest bank by assets, Woori Bank, has announced receiving final approval to take over Philippine-based bank, Wealth Development Bank. In a statement, the South Korean lender said it…
Seven West Media Seeks to Acquire Perth Now, The Sunday Times
Seven West Media, an ASX-listed media company and Australia’s largest diversified media business, confirmed that it is in negotiations to acquire Perth Now and The Sunday Times from News Australia.…
Kyobo Life Joins Initial Bid for ING Life Korea
Kyobo Life Insurance, one of the big three life insurance companies in South Korea, has joined in the preliminary race to acquire ING Life Korea, the country’s fifth-largest insurance firm…
Irish Insurers Warn of Premiums Rise
The Motor Insurers’ Bureau of Ireland (MIBI) has warned of a possible increase in insurance premiums should the ruling related to the liabilities of defunct insurer stands. The MIBI said…
Bell Canada To Pay $11.82M for Unwanted Premium SMS
Bell Canada is paying a total of $11.82 million to eligible customers as part of a settlement reached with the Competition Bureau, the independent law enforcement agency said. Bell as…
Daio Paper Mulls New Hi-Tech Paper Plant
Daio Paper Corporation, the producer of Japan’s top brand household paper products, is planning to install a new state-of-the-art household paper production facility in order to strengthen our structure for…
UnionBank Net Income Up 28%
Union Bank of the Philippines (PSE: UBP) reported that net income has increased by 28.1% to Php2.4 billion in the first four months of 2016 as against the Php1.9 billion…
Asia Brewery Inks JV Deal with Heineken in the Philippines
Asia Brewery Incorporated (Asia Brewery, Inc.), owned by LT Group, Inc. (LTG), has signed a joint venture agreement with Heineken International B.V. Heineken is the world’s most international brewer with…
Ergo Acquires Stake in Thai Insurer
The ERGO Group is entering the insurance market in Thailand by acquiring a minority share of 40.26 percent of Thaisri Insurance from Pailuck Company Ltd., Bangkok. Representatives of both companies…
EU Firm Gets US Approval for Cannabis-based Cosmetic Products
MGC Pharmaceuticals, an EU-based specialist medical cannabis firm, announced that it has received FDA approval for its CBD based cosmetic range, MGC Derma Anti-Ageing line, allowing the Company to sell…
WAM Leaders Raises $394m in IPO
The WAM Leaders Limited (ASX: WLE) Board of Directors has authorised the allotment of 358.4 million shares and options raised through the Company’s $394.3 million initial public offering (IPO). The…
ANTAM Inks Forex Line Hedging Facility
PT ANTAM has announced that that it has signed a Forex Line Hedging Facility Agreement with PT Bank Mandiri (Persero) Tbk (Bank Mandiri), PT Bank Rakyat Indonesia (Persero) Tbk (BRI)…
Manulife Names Indren Naidoo as Indonesia CEO
Manulife Indonesia has announced the appointment of Indren S. Naidoo as the new Chief Executive Officer in Indonesia. Based in Jakarta, Indren will be responsible for leading the business, and…
Japan Tobacco’s Cigarette Sales Fall in April
Japan Tobacco Inc (TSE:2914), a leading Japanese cigarette manufacturing company, saw its cigarettes sales volume dropped 13.5% in April, year-on-year. In a disclosure to the Tokyo Stock Exchange, Japan Tobacco…
Nevada Iron To Acquire SportsHero
Nevada Iron Ltd (Nevada or the Company) is pleased to announce the signing of a Heads of Agreement for the acquisition of the SportsHero (sportshero.mobi), Asia’s first real-time fantasy sports…
Virtus Health Acquires Canberra Fertility Centre
Virtus Health (ASX:VRT), Australia’s largest assisted reproductive services (ARS) provider, has announced that it has acquired 100 percent of Canberra Fertility Centre (CFC). The acquisition adds to Virtus’ domestic growth…
Gage Roads Brewing Wins Highest Australian Brewing Award
Gage Roads Brewing Co. (ASX: GRB) was awarded trophies for Champion Australian Beer and Best New World Style Pale Ale at the Australian International Beer Awards in Melbourne for its…
Centuria Property Funds Acquires The Zenith
Centuria Capital (ASX: CNI), an ASX-listed specialist investment manager, has announced that subsidiary, Centuria Property Funds Limited (CPFL), has exchanged contracts to purchase The Zenith, an institutional grade office asset…
Hotel Lotte’s IPO To Be S. Korea’s Largest
The initial public offering (IPO) of Lotte Group’s hotel unit, Hotel Lotte, is expected to be the largest-ever IPO in South Korea. The retail giant’s hotel unit is set to…
Cebu Airport Opens Breastfeeding Room for Traveling Mothers
MACTAN, Cebu – In its thrust to become the world’s friendliest airport, GMR MEGAWIDE Cebu Airport Corp (GMCAC) announced the opening of the Breastfeeding Room at the Mactan-Cebu International Airport…