DHL Forms JV with JG Summit in the Philippines

Global contract logistics solutions provider DHL Supply Chain has formed a joint venture agreement with local conglomerate JG Summit Holdings Inc to provide transport...
Healthway Philippines

AC Health Buys Healthway Philippines from HK’s HKR International

Ayala Healthcare Holdings, Inc. (AC Health) has acquired 100 per cent of Healthway Philippines, one of the leading clinic networks in the country, from...

Asia Offers Most Attractive Investment Opportunities for Emerging Market PE

The large majority (70-80%) of Asia-Pacific and North American LPs believe their private equity portfolios need modifying to prepare them for the next economic...
Banking Industry

Philippine Banks Remain Optimistic on Economic Prospects: Survey

The banking industry in the Philippines remains optimistic on the country’s economic prospect amid global uncertainties and market volatility, the latest Banking Sector Outlook...

Frasers Hospitality Bags World’s Leading Serviced Apartment Brand award

Frasers Hospitality, a member of Singapore's Frasers Property Group, emerged victorious and clinched two major awards at this year’s World Travel Awards (WTA) Grand...

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...

Lufthansa Technik Philippines Breaks Ground on New Hangar

Lufthansa Technik Philippines (LTP), the country’s leading provider of maintenance, repair, and overhaul (MRO) services, officially announced the construction of its latest hangar at...

Asian Development Bank Approves $10m Tourism Grant for Tajikistan

The Manila-headquartered Asian Development Bank (ADB) has approved a $10-million grant to help develop tourism in Tajikistan, according to an announcement. The project is ADB’s...

Revolution Precrafted Partners with Boulevard Holdings for Puerto Azul Residential Project

Unicorn startup Revolution Precrafted Inc. has partnered with publicly listed Boulevard Holdings Inc. to develop a new resort and residential complex in Puerto Azul...

World Bank Insures Philippines Against Natural Disaster-related Losses Up to US$225m

The World Bank (International Bank for Reconstruction and Development or IBRD) has issued two tranches of catastrophe-linked bonds (CAT bonds) in order to provide...
BCB Blockchain

Singapore’s BCB Blockchain Commits $300K for Philippine Startups

BCB Blockchain, a Singapore-based technology firm, has committed $300,000 to support incubators and startup accelerators in the Philippines under the Department of Science and...

Singapore Cancer Detection Firm Lucence Raises $20m in IHH-led Series A

Lucence, a genomic medicine company that invents blood-based tests for cancer screening and treatment selection, announced today the close of US$20 million in Series...

SG-listed Yoma To Acquire More Stake in Myanmar’s Wave Money for $6m

Yoma Strategic Holdings, a Singapore-listed, Myanmar-based diversified group, is acquiring a 10-per cent stake in Digital Money Myanmar (Wave Money), operator of the largest...

Singapore’s Far East Orchard Buys 2 UK Student Dorms for $85m

Singapore-listed Far East Orchard Limited has acquired two freehold student accommodation properties in the United Kingdom for approximately S$115.7 million ($85 million), according to...

GE Plans $60m Investment in Existing Global Repair Center in Singapore

GE announced its decision to invest up to $60 million over 10 years in its existing Global Repair Service Center in Singapore.  With the support of...

Singapore’s Life Insurance Industry’s New Premiums Dip to $2.2bn in 9 Mos

Singapore's life insurance industry recorded a total of S$3 billion in weighted new business premiums from January to September of this year, data from...

Hong Kong International Optical Fair opens today

HONG KONG, Nov 6, 2019 - (ACN Newswire) - Organised by the Hong Kong Trade Development Council (HKTDC) and co-organised by the Hong Kong...

PH Tech Firm Xurpas Acquires US Venture Capital Firm

Philippine-listed technology firm Xurpas Inc. has agreed to acquire Wavemaker Partners US, a venture capital management firm based in Los Angeles. Wavemaker US has been...

Singapore’s GIC Partners with Australia’s Charter Hall to Acquire Sydney Property

Listed Australian property developer Charter Hall has formed a joint venture with Singapore's sovereign wealth fund GIC to acquire the iconic 15-storey Jessie Street...
SM Prime Holdings

SM Prime Holdings Posts 18% Net Income Growth

SM Prime Holdings, one of the largest integrated property developers in Southeast Asia, recorded an 18% growth in its consolidated net income in the...