The government of the Philippines would be launching an online portal designed to provide information on how foreign assistance had been spent, especially for the government's response to help the victims of Typhoon Haiyan.
Philippines
JG Summit raises more funds for Meralco stock purchase
Philippine-based JG Summit Holdings Inc raised PHP8.8 billion through an overnight equity placement to fund a stake acquisition in Manila Electric Company (Meralco) and other corporate purposes.
Discovery World Corp drops over 7% in public debut
Resort developer Discovery World Corp dropped as much as 7.6% in its public debut. The IPO was set just barely two weeks after Typhoon Haiyan devastated the central part of the Philippines.
Philippines Pension fund to invest extra $46M in stocks
The Philippines' state-run pension fund Government Service Insurance System (GSIS) allotted PHP2 billion of its cash for additional investments in local stocks, according to the firm's president Robert Vergara.
Formerly-called YouSendIt file-sharing services nabs USD34 million in Series E investment
Hightail, which was formerly known to many as the file-sharing service name YouSendIt, has raised a total of USD83 million after it nabbed USD34 million in new funding from an investment round led by Western Digital.
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Vancouver-based gold producer B2Gold Corp said it signed a definitive agreement with Canadian resource company Volta Resources Inc for the business combination of the two companies.
The following bids, mergers, acquisitions and disposals were reported on Thursday including Sigma Alimentos, Fastjet, Rostelecom, DNB, Caixabank, Cyfrowy Polsat, America Movil, Alitalia, Telecom Italia.
An article pointed out how the donation of the state of Hong Kong paled in comparison to donations and efforts by HSBC Group and KGLI Asia.
Analyst Andrew Temming of US-based investment firm Renaissance Investment Management said the firm had yet to find a stock on the Philippine Stock Exchange that they'd like to invest on.
Typhoon Haiyan's devastation would also lower the growth of the Philippine economy. The Philippine benchmark index had its largest decline in the last six weeks amidst concerns from the consequent devastation from Super Typhoon Haiyan would affect the economic growth of the country.
Ayala Land Inc has pursued its plan to acquire a portion of IRC Properties Inc's lot in Binangonan, Rizal in the Philippines.
Typhoon Yolanda (International Name: Haiyan) devastated several provinces over the weekend as it cut across the Philippines packing gust winds of 275 kph.
Kampac International Chairman Charles Ampofo lauded the Philippines' economic growth. It was recently reported that a Dubai based oil firm is negotiating a deal to develop a USD5 billion Energy City project located in the Philippines.
Philippines' Robinsons Retail Holdings Inc. had decided to cut its public offering debut price by up to a third, said a report from Reuters.
