Philippines

Berjaya Philippines to buy half of London's RBW in PHP3.7M cash deal

Makati, Philippines-based holding firm Berjaya Philippines Inc will buy a 50% stake in London, UK-based property firm RBW Holdings Ltd in a cash deal valued at PHP3.7 million.

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Earth Hour joins forces with Singaporean crowdfunding site Crowdonomic for environmental endeavors

Singapore-based non-profit organization Earth Hour joined forces with Singaporean crowdfunding site Crowdonomic to raise funds for tech projects that aim to assist environmental endeavors in Southeast Asia.

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Japanese messaging app Line to launch open sticker marketplace and Skype rival

Japan-based mobile messaging app Line will launch an open sticker marketplace called Line Creators Market in April and will also release a Skype-like service in five countries.

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New social night life app allows Philippine party-goers to join a club list hassle-free

Philippines-based social night life app Guestlist allows party-goers to get included in a club's guest list to lessen the hassle of falling in line or paying for an entrance fee to gain entry.

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Ayala buys out Mitsubishi's stake in Philippine energy firm

Makati, Philippines-based real estate investment firm Ayala Land Inc (ALI) bought out the 40% holding of Tokyo, Japan-based trading giant Mitsubishi Corp in Philippine Integrated Energy Solutions Inc (PhilEnergy) for an undisclosed amount.

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Aboitiz group takes over Marubeni's stake valued $360 million from indistrial park in Philippines

Philippines-based Aboitiz Equity Ventures property unit Aboitiz Land Inc had purchased the remaining 40% of common shares from Maurbeni, Japanese trading firm, worth 360 million from LiMA Land Inc (LLI). LiMA Land is the company that owns and runs the LiMA Technology Center, the filing detailed from Philippine Stock Exchange. .

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Cosco Capital agrees to acquire Philippine-based firm Office Warehouse

Philippine conglomerate Cosco Capital agreed to acquire Quezon City-based office and school supplies seller Office Warehouse Inc for an undisclosed amount as part of its efforts to expand its retail business.

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Philippines' Aboitiz Group completes exit from shipping business

Aboitiz Group, a conglomerate based in the Philippines, has exited completely from the shipping business by selling the interests it held in joint ventures with Norway-based Jebsen Group.

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Thailand's Asiasoft buys out Philippines online publisher IP E-Games' stake in Level-Up

Thailand-based online entertainment firm Asiasoft Corporation Public Company Ltd is buying out the entire 30% stake of Philippine-based online game publisher IP E-Game in Level-Up to gain a 70% controlling stake in the latter.

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Total Gaming Technologies Inc, buys into parent firm Pacific Online- a Philippine lotto operator

Total Gaming Technologies Inc (TGTI), a subsidiary of Philippine-based lotto operator Pacific Online Systems Corp (LOTO) purchased 1,544,700 common shares of its parent firm for PHP23.29 million for investment purposes.

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Philippine central bank governor Amando Tetangco says policy rate changes not the best response to US taper

According to Central Bank of the Philippines Governor Amando Tetangco, the policy of increasing rates to cope with volatile currencies set in place by fellow emerging markets would be more harmful, the Financial Times reported.

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Bangalore startup Lumos builds solar powered backpacks that charge mobile devices

Bangalore, India-based startup Lumos Design Technology made unbreakable waterproof bags with a built-in battery than can charge mobile gadgets with the use of solar power.

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Philippine chemical manufacturer Chemphil gets approval for sale of entire stake in LMG

Philippine-based industrial chemical manufacturer received approval from its board for the sale of its entire 69.92% stake in LMG Chemicals Corp to businessman Norman Ng.

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Glencore-Xstrata to divest stake in Tampakan copper-gold mine in the Philippines

Baar, Switzerland-based mining giant Glencore-Xtstrata is preparing to divest its stake in the Tampakan copper-gold mine in South Cotabato, Philippines, according to a disclosure to the Australian Stock Exchange.

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Philippine retail chain Robinsons acquires Jaynith's Supermarket

Philippine-based multi-chain retailer Robinsons Retail Holdings Inc agreed to acquire three-store supermarket chain Jaynith's Supermarket for an undisclosed amount to further boost its retail network.

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