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.
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.
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.
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.
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.
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.
San Francisco, California-based online car booking service Uber planned to venture into the Asia Pacific market and start hiring staff members across 14 cities, according to an Uber representative.
Former Philippine trade minister Roberto V. Ongpin and his associates have hiked their collective holding in real estate developer Alphaland Corp to 50.57%, diluting British fund Ashmore's interest to 24.41%.
Dubai, United Arab Emirates (UAE)-based oil and gas firm Dragon Oil Plc inked a deal to acquire the 40% stake of Australia-based firm Nido Petroleum Ltd in Service Contract (SC) 63, a petroleum block in Palawan, Philippines.
Philippine-based food and beverage manufacturer RFM Corp bought the Royal brand and pasta business from UK-based firm Unilever Group in a deal valued at approximately $47.8 million (PHP2.1 billion).
Philippine-based tollway developer Metro Pacific Tollways Development Corporation (MPTDC) acquired France-based tollway operator Egis Project SA stake in Manila North Tollways Corporation (MNTC) for PHP1.42 billion.
UK-based institutional currency investment manager Millennium Global Holdings Inc acquired a 51% stake in Philippine-based seafood exports business Millennium Ocean Star Corp in a deal valued at PHP137.91 million.
Cebu Air Inc., operating as Cebu Pacific Air, will acquire Tigerair Philippines from Singapore's Tiger Airways Holdings Ltd. for an undisclosed sum. Cebu Air and Tiger Airways also entered into strategic alliance to operate common routes between Singapore and the Philippines.
Singapore-based asset management company Black River Capital Partners Food Fund Holdings (Singapore) Pte Ltd has increased its holding in Philippine-based food exporter AgriNurture Inc, according to a stock exchange disclosure.
SMC Global Power Holdings Corp, the holding firm for San Miguel Corp's power generation assets, is eyeing for an initial public offering in 2014. SMC Global Power aborted its listing in September, citing adverse market conditions.
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