Philippine-based GT Capital Holdings Inc, which is owned by tycoon George Ty, announced its interest in contesting SM Group's PHP54.5-million proposal for the 300-hectare reclamation project in Pasay City.
Sectors
LightSquared sues Dish, Ergen over control of its broadband spectrum
According to a lawsuit filed by wireless communications firm LightSquared Inc, Dish Network Corp and its chairman, Charles Ergen had schemed to ensure that the latter would be able to obtain the former's broadband spectrum.
RRJ Capital starts campaign for China-focused USD 1 billion Asian real estate fund
Private equity company RRJ Capital said it has already began to market its Asian real estate fund which will focus on China. RRJ Capital is looking to raise USD 1 billion for the fund.
Lifting of government's ban on IPOs vital to reviving Chinese venture capital industry says Shanghai Venture Capital exec
Yuan Zhide, a Shanghai Venture Capital Senior Executive, said the Chinese central government's ban on initial public offerings needed to be removed if the country's venture capital industry is to be revived.
Government plans sale of 20% Air New Zealand stake
The New Zealand government said it planned to sell 20% of its stake in Air New Zealand to cut down public debt and spend on infrastructure projects.
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Spain's largest media firm Promotora de Informaciones or Prisa was close to reaching a refinancing agreement with its creditors for its EUR more than 3 billion debt, sources told Bloomberg.
England-based Thomas Cook's chief executive Harriet Green announced the sale of its foreign exchange unit to Moneycorp, a rival backed by the Royal Bank of Scotland.
Google Inc will be increasing its marketing reach by opening Winter Wonderlabs in six cities. The outlets will feature the search giant's products like the Nexus 7, Chromebook and Chromecast.
Washington-based private equity firm Carlyle Group LP expressed its interest on bolt-on acquisitions in Malaysia, citing its very good experience with the acquisition of Davex Holdings Bhd last year.
The National Bank of Greece is close to finalizing an agreement to sell its fully-owned real estate business Pangaia to private equity firm Invel Real Estate.
According to tech giant Sony, the company sold over 1 million PlayStation 4 game consoles, its first game system in seven years, just 24 hours it went on sale last Friday.
Venture capitalist have continued to pour money in new media firms despite the potential hazards in the hope that the startups will be able to lure advertising money, according to a Reuters report.
According to financial newspaper Calcalist, Apple had bought Israeli chip maker PrimeSense for a USD 345 million. However, PrimeSense said it did not relate to rumors made about its customers and partners.
A report from The Sunday Times said Aberdeen Asset Management was close to reaching a deal to acquire Scottish Widows Investment Partnership from Lloyds Banking Group.
