Philippine real estate developer Megaworld Corporation would be adding PHP10 billion to its PHP25 billion development fund for the 72-hectare Iloilo Business Park located in the Visayas region.
Sectors
Hyundai Rotem, the railway manufacturer withdraws IPO indefinitely
In a surprise decision, Hyundai Rotem withdrew its IPO citing weak market conditions and industrial disputes.
Hamilton Lane closes third secondary fund with USD 900 million
Hamilton Lane raised USD 900 million for its third secondary fund Hamilton Lane Secondary Fund III. Private equity asset management company Hamilton Lane announced the success of its Hamilton Lane Secondary Fund III with USD 900 million in capital commitments.
Parkway Properties agrees to merger with Thomas Properties Group
Today, Parkway Properties Inc. announced that it had agreed to merge with Thomas Properties Group Inc. in a stock-for-stock transaction.
Pet Food Experts buys Zeus and Company Pet Supply Distributors
SDR Ventures announced the acquisition of Zeus and Company Pet Supply Distributors by Pet Food Experts.
Latest News
Qualcomm and Samsung offered to the public the Toq and Galaxy Gear as an alternative to the smartphone.
A source told Reuters that Naguib Sawiris, America Movil and AT&T made preliminary contact with the core investors in Telecom Italia who wanted to exit the company.
Tele2 said it would want to increase its market share in the mobile telephone market in the Netherlands to 20% after the roll out of its own network.
Osram Licht AG, RTL Group and Evonik Industries would be moved to the MDAX of the Frankfurt bourse. Three major German firms would be added to the country's mid-cap index MDAX after their stocks were floated in the Frankfurt Stock Exchange in the earlier part of the year.
In a town hall meeting, Jeff Bezos reassured the editorial staff of his recently purchased Washington Post of optimism in the digital age and continued independent journalism.
Impax Asset Management announced its acquisition of two wind farms in Northern Finland. London-based Impax Asset Management Group said it had purchased two wind farms from Fortum Oyg and Metsahallitus.
China National Petroleum Corp bought a 20% stake in Novatek's Yamal liquified natural gas venture.
The European Union Chamber of Commerce in China said there was unfair treatment to foreign firms in the China bribery probe.
A source told Reuters that La Caixa would be selling 51% of its stake in Servihabitat, a real estate firm, to TPG.
