VENTURE CAPITAL POST

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. .

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.

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.

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.

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.