Genting Hong Kong’s Philippine Travellers postponed its IPO due to negative market conditions stinging emerging markets.
Philippines
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A US$120 million fund was put up by Swedish firm Brummer and Partners and 20 other investors.
The Philippines NEDA Director said that the administration will be easing its restrictions on foreign investments.
Philippine-based company AG&P closed its Series C investment round.
Tiger Airways will pioneer a new route in the Philippine budget airline market.
Robinsons Retail Group is planning to undertake the largest IPO in the Philippines.
Due to high unemployment rates, the Philippines Stock Exchange Index fell 4.6 percent, its biggest loss since September 2011.
