The Philippine Department of Transportation and Communications said it is eyeing the possibility of rebidding the LRT-1 Cavite extension project under revised terms.
Investors
Restorando scores USD 13.3 million in Series B funding
Latin American restaurant reservation platform scored USD 13.3 million in Series B funding round. Restorando raised USD 13. 3 million for its Series B round.
Cuadrilla Resources temporarily stops drilling as anti-fracking protests escalate
Cuadrilla Resources suspended its oil drilling exploration in Balcombe as anti-fracking protests intensified.
Shenzhen economic zone fails to lure HK property developers
Land auction for the economic zone in Shenzhen failed to draw property developers from Hong Kong. Despite the hype that accompanied the economic zone development in Shenzhen, Hong Kong property tycoons were not lured to bid in the recently-completed land auction.
Rostelecom readying share buyback - Russian media
Russian media that reported Rostelecom would be offering a 30% buyback of its shares worth USD 909 million from its minority stakeholders.
Latest News
China Resources Land Ltd bagged the right to buy a commercial site in Shenzhen for USD 1.8 billion. China Resources Land Ltd won the right to buy a commercial site in Shenzhen.
Formosa Plastics Group invests USD1 billion in Fortescue Metals Group's iron ore project. Formosa Plastics Group of Taiwan has agreed to buy one third of an iron ore project from Fortescue Metals Group and China's Baoshan Iron and Steel for a USD1.
Japan Tobacco International said they will continue to grow in the Philippines despite higher taxes on cigarettes.
Albay Governor Joey Salceda and two representatives preferred to have SMEC takeover Albay Electric Cooperative (ALECO).
Manuel B. Villar, Founder and Chairman of Vista Land & Lifescapes and Starmalls, revealed that they would be opening more malls and convenience stores in 2014.
Malaysia conglomerate DRB-HICOM announced move to sell shares for Uni Asia Life Assurance company. DRB-HICOM is seeking approval from Malaysia's minister of finance for its proposal to sell its 51% shares of Uni Asia Life Assurance Bhd for $158.
Fortescue Metals Group announced its continued efforts to sell minority stake of their port and rail assets.
Sources said Nimble Storage would go public later this year and chose Goldman Sachs Group Inc to lead the company's IPO.
Silver Lake Sumeru announced it would acquire a majority stake in BlackLine Systems, an accounting software company.
