Covering companies in the Philippines and other parts of Southeast Asia based in Manila.
Philippine Tycoon Andrew Tan’s Megaworld Selling $437 Million Of Properties To REIT Unit
The transaction—comprising 303,900 square meters of offices, shopping malls and a hotel—will expand MREIT’s portfolio to 950,000 square meters.
Billionaire Lucio Tan’s Philippine Airlines Orders Up To 34 Aircraft From Airbus, Boeing
With a fleet of more than 80 aircraft, Philippine Airlines operates across the archipelago and 40 international destinations in Asia, North America, Australia and the Middle East. It has been expanding and upgrading its fleet amid a post-pandemic travel rebound.
Indonesian Billionaire Prajogo Pangestu Offers $5 Billion To Buy Philippine Geothermal Company
Billionaire Prajogo Pangestu is seeking to buy Energy Development Corp., the largest geothermal company in the Philippines, as the Indonesia energy tycoon expands across Southeast Asia.
Thai Tycoon Revamps Property Business To Unleash Growth
Panote Sirivadhanabhakdi, son of liquor tycoon Charoen Sirivadhanabhakdi, has been making moves to revamp the family’s real estate portfolio held by Singapore-listed Frasers Property.
Billionaire Lucio Tan’s Philippine Airlines Raises $300 Million In First Bond Sale Post Bankruptcy
Philippine Airlines is raising $300 million from the bond sale to help fund the flag carrier's fleet modernization and international expansion.
Jollibee Tycoon-Backed Hotel101 Plans To Invest $200 Million In Thailand Push
Nasdaq-listed Hotel101, a Philippine-based hotel operator, expands into Thailand, Southeast Asia's top tourist destination.
Fintech Unicorn GCash To Raise $1.5 Billion In What Could Be The Philippines’ Biggest IPO
GCash was originally launched by Globe Telecom in 2004 as a text messaging-based payments platform before becoming one of the Philippines' biggest fintech players.
Philippine Tycoon Lance Gokongwei Bets On Online Gaming With PhilWeb Deal
Online gaming exploded in the Philippines following the broad adoption of mobile Internet gambling during the pandemic. It rose 30% to 201 billion pesos ($3.3 billion) last year.
Philippine Tycoon Federico Lopez-Led First Gen To Invest $407 Million In Geothermal Project
Energy Developement Corp.—the renewwable energy unit tycoon Federico Lopez and his family’s First Gen Corp.—is doubling down on its geothermal investments as the Philippines accelerates its transition to clean energy sources.
30 Under 30 Asia’s Next Icons: The Gen Z Athletes And Music Artists Rewriting The Playbook
From breaking records on the court to packing arenas and bringing a taste of Asia abroad, this year’s 30 Under 30 Asia Entertainment & Sports stars are unstoppable.