Japan Tobacco International said they will continue to grow in the Philippines despite higher taxes on cigarettes.
Investors
Rostelecom readying share buyback - Russian media
Russian media that reported Rostelecom would be offering a 30% buyback of its shares worth USD 909 million from its minority stakeholders.
Hess Corp and Newfields Exploration Co get offers for Asian assets
Hess Corp and Newfields Exploration Co receive substantial offers for Asian assets. Hess Corp. (HES) and Newfields Exploration Co. (NFX) are reportedly selling Asian assets.
Frasers Centrepoint makes highest bid in state land auction in Singapore
Frasers Centrepoint of Frasers and Neave makes the top offer for a recent government land sale in Singapore.
Possible rebidding of LRT-1 with revised project terms: DOTC
The Philippine Department of Transportation and Communications said it is eyeing the possibility of rebidding the LRT-1 Cavite extension project under revised terms.
Latest News
Albay Governor Joey Salceda and two representatives preferred to have SMEC takeover Albay Electric Cooperative (ALECO).
Manuel B. Villar, Founder and Chairman of Vista Land & Lifescapes and Starmalls, revealed that they would be opening more malls and convenience stores in 2014.
Malaysia conglomerate DRB-HICOM announced move to sell shares for Uni Asia Life Assurance company. DRB-HICOM is seeking approval from Malaysia's minister of finance for its proposal to sell its 51% shares of Uni Asia Life Assurance Bhd for $158.
Fortescue Metals Group announced its continued efforts to sell minority stake of their port and rail assets.
Sources said Nimble Storage would go public later this year and chose Goldman Sachs Group Inc to lead the company's IPO.
Silver Lake Sumeru announced it would acquire a majority stake in BlackLine Systems, an accounting software company.
Leonard Green is exploring sale of Brickman, which is valued at about USD1.5 billion. Los Angeles private equity company, Leonard Green & Partners LP had asked Barclays and Morgan Stanley to handle an auction for Brickman Group Holdings Inc.
David Blitzer and Joshua Harris just purchased the New Jersey Devils hockey team. David Blitzer, Senior Managing Director of Blackstone Group and Joshua Harris, co-Founder of Apollo Global Management just bought the New Jersey Devils hockey team from former Lehman Brothers executive, Jeffrey Vanderbeek's ownership controlled group.
Kelso in advance talks to sell Custom Building Products in what could be a multi-million dollar buyout.
