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Meralco finalizes equity investment in Ghana firm

Manila Electric Co. (Meralco) is finalizing its investment in Ghana’s power distribution utility to start operations and management by early next year......»»

Category: financeSource: philstar philstarDec 7th, 2018

Meralco to spend US$40M for stake in Ghana power utility

Philippine electric distribution giant MERALCO will cough up US$40 million on planned equity acquisition at an electricity distribution firm in Ghana. Meralco to spend US$40M for stake in Ghana power utility Source link: Meralco to spend US$40M for stake in Ghana power utility.....»»

Category: newsSource:  manilainformerRelated NewsDec 8th, 2018

Private equity fund scouts for new PH projects

US-based private global investment firm TPG has raised more than $4.6 billion in commitments for a new Asia-focused private equity fund, some of which are seen to flow to new investments in the Philip.....»»

Category: newsSource:  philippinetimesRelated News14 hr. 30 min. ago

US investor ordered jailed in Russia

MOSCOW — A Moscow court has ordered a U.S. investment fund manager to be jailed for two months while facing fraud charges. Michael Calvey, founder and senior partner at Baring Vostok equity firm, was detained Friday morning along with two other fund managers. Prosecutors say Calvey is suspected of embezzling 2.5 billion rubles ($37 million) […].....»»

Category: newsSource:  tribuneRelated NewsFeb 17th, 2019

BDO teams up with Archipelago Capital in ONB

The country's largest lender BDO Unibank has signed a deal to sell 15 percent of its rural banking arm One Network Bank Inc. (ONB) to a unit of Singapore-based private equity firm Archipelago Capital Partners Pte. Ltd. In a press statement on Monday, BDO said it had entered into an agreement with Archipelago's Osmanthus Investment Holdings Pte. Ltd., formalizing a working relationship between these parties. Since last year, Osmanthus has helped ONB in developing the framework for its micro/small and medium enterprise (MSME) lending business, leading to the establishment of the initial pilot test sites before the end of 2017. "The partnership with Osmanthus will further strengthe...Keep on reading: BDO teams up with Archipelago Capital in ONB.....»»

Category: newsSource:  inquirerRelated NewsOct 1st, 2018

Court case blocking Meralco project in Ghana junked

The high court of Ghana has dismissed a case filed by a Chinese firm case against a state agency that favored Manila Electric Co. as possible concessionaire for electricity distribution in that country's capital region. The case arose when BXC Co. (Ghana) Ltd. hailed in April Ghana's Millennium Development Authority (MiDA) to court after the agency declared Meralco the preferred bidder for the concession. As a result, the court ordered a stop to the concession process. In a statement, the management of MiDA said the high court in Accra [Ghana's capital] dismissed on June 9 the application for interlocutory injunction filed by BXC. "The substantive matter is to take its normal...Keep on reading: Court case blocking Meralco project in Ghana junked.....»»

Category: newsSource:  inquirerRelated NewsJun 12th, 2018

Basic Energy raises investment in 2 Thai firms

BASIC ENERGY Corp. on Tuesday said its board of directors gave the go-signal to increase the company’s equity investment in two Thai companies to 15%. “The equity investment will enhance the project portfolio of [Basic Energy] as a renewable energy and power company,” the listed firm told the stock exchange on Tuesday. The company is increasing […] The post Basic Energy raises investment in 2 Thai firms appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 28th, 2018

Investment firm embarks on limestone mining

Investment firm Premiere Horizon Alliance Corp. has ventured into limestone mining exploration in Southern Palawan, seen to be its potential ticket to diversification into cement production. The board of Premiere Horizon approved a deal to acquire up to 85 percent of equity of Palawan Star Mining Ventures Inc. and Pyramid Hill Mining Industrial Corp., holders of mineral production sharing agreements (MPSAs) covering about 10,384 hectares. This MPSA area contains "probable commercial quality limestone deposits located in the mineralized area of Southern Palawan," it disclosed to the Philippine Stock Exchange. Premiere Horizon intends to fund the precommercial development of a "su...Keep on reading: Investment firm embarks on limestone mining.....»»

Category: newsSource:  inquirerRelated NewsMar 14th, 2018

ADB invests $32 M In microfinance firm for Asian women

MANILA, Philippines - Manila-based Asian Development Bank (ADB) signed yesterday a $32-million equity investment agreement with CreditAccess Asia (CAA), an A.....»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2017

Silk Road eyes investments in Mindanao, Palawan

DAVAO CITY (MindaNews/18 February) – Chinese firm Silk Road Investment HK has expressed interest to invest in Palawan and Mindanao, Mindanao Development Authority (MinDA) public relations head Adrian Tamayo said. Tamayo said on Monday that MinDA Secretary Abul Khayr D. Alonto held a meeting with Madam Lam Guo, chairman of the Silk Road Investment HK, […].....»»

Category: newsSource:  mindanewsRelated News17 hr. 16 min. ago

PH posts 4th straight month of weaker long-term investment inflows

Long-term equity capital entering the Philippines from overseas slowed for the fourth straight month in November 2018a trend that reversed the record-high investment levels reported earlier that year,.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 12th, 2019

PH Venture Capital and Private Equity Players Form Investment Industry Association

Leading venture capital (VC) and private equity (PE) players in the Philippines have come together to create an investment industry association that will act as a unified voice representing professional and institutional investors in the Philippines. Called the Venture Capital and Private Equity Association of the Philippines (VCAP), this non-stock, non-profit corporation was the brainchild […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 7th, 2019

Outlier: Premiere Horizon shares up on market speculation

SPECULATION has made the Premiere Horizon Alliance Corp. (PHA) stock one of the most actively traded last week following their disclosure on plans to acquire companies engaged in real estate and tourism hospitality in the next two years – just a week after the news of the company securing P15-billion worth of funding from a Qatar-based investment firm......»»

Category: financeSource:  bworldonlineRelated NewsFeb 4th, 2019

Swiss firm denies investment plans in former MILF camp

Swiss mining firm Solway Investment Group yesterday denied reports it is planning to invest in a banana plantation at a former camp of the Moro Islamic Liberation Front (MILF) in Maguindanao......»»

Category: newsSource:  philstarRelated NewsFeb 1st, 2019

Singapore s CapitaLand in $8-billion deal creating Asia property giant

SINGAPORE – Singapore's CapitaLand said Monday, January 14, it has agreed to buy two real estate holding firms in an Sg$11-billion ($8.1-billion) deal that will create Asia's biggest property group with assets in dozens of countries. Under the agreement, CapitaLand will acquire two units from a subsidiary of state investment firm ........»»

Category: newsSource:  rapplerRelated NewsJan 14th, 2019

AboitizPower unit mothballs power plants due to lack of supply deals

THERMA Mobile, Inc. (TMO) notified Manila Electric Co. (Meralco) that it would physically disconnect from the utility’s system and will de-register as a trading participant in the wholesale electricity spot market, its parent firm Aboitiz Power Corp. said on Monday......»»

Category: financeSource:  bworldonlineRelated NewsJan 7th, 2019

Chinese steel firm plans to locate in Davao

DAVAO CITY (MindaNews/ 21 December) – A big steel manufacturing company from Davao City’s sister city, Jinjiang, China expressed interest to invest here, a move that will create job opportunities for locals, an official said. In an interview, Davao City Investment Promotions Center head Lemuel G. Ortonio said a Filipino-Chinese businessman signed a memorandum of […].....»»

Category: newsSource:  mindanewsRelated NewsDec 21st, 2018

Mindanao needs additional 300 MW annually starting 2022, says power firm official

DAVAO CITY (MindaNews/ 17 December) – At least 300 megawatts (MW) of additional capacity must be added to the Mindanao grid annually starting 2022 to meet the growing demand for power on the back of several ongoing developments taking place in the island, an official of the Aboitiz Equity Ventures (AEV) said on Monday. Milan, […].....»»

Category: newsSource:  mindanewsRelated NewsDec 17th, 2018

Power rates up in December

The Manila Electric Co. (Meralco) will increase power rates by P0.09 per kilowatt-hour (kWh) this month, the firm said on Monday. This means an upward adjustment of P10.1803 per kWh…READ The post Power rates up in December appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsDec 10th, 2018

Meralco set to run Ghana franchise in first quarter

Meralco set to run Ghana franchise in first quarter.....»»

Category: financeSource:  thestandardRelated NewsDec 7th, 2018

Japan electronics company Pioneer bought by Hong-Kong fund

  TOKYO, Japan – Japanese electronics firm Pioneer said Friday it will become a wholly owned unit of a Hong Kong-based fund to rebuild itself in a deal worth $904 million. Pioneer, known for its audio equipment as well as car electronics systems, said Baring Private Equity Asia has agreed on ........»»

Category: newsSource:  rapplerRelated NewsDec 7th, 2018