Covering companies in the Philippines and other parts of Southeast Asia based in Manila.
Philippine Billionaire Enrique Razon’s New $1 Billion Casino Draws Local Crowds
Billionaire Enrique Razon Jr has hit the jackpot with his new $1 billion casino expected to breakeven in the first year of operations as thousands visit the upmarket property.
Philippines’ Jollibee Buys Stake In South Korean Coffee Chain For $340 Million
Billionaire Tony Tan Caktiong's Jollibee Foods agreed to pay $340 million for 70% of South Korea’s Compose Coffee chain as the Philippines’ largest restaurant operator accelerates its global expansion.
Philippine Tycoon Belo’s Wilcon Pivots To Smaller Stores After Profit Slump
Tycoon William Belo's Wilcon Depot is pivoting to small store formats to revive the big box home improvement retailer's profit growth.
Philippine Billionaire Ang Taps Son To Help Run San Miguel’s $20 Billion Infra Projects
John Paul Ang—son of billionaire and San Miguel's key shareholder Ramon Ang—has been appointed as president and chief operating officer of the beer-to-infrastructure conglomerate.
Philippine Tycoon Edgar Saavedra Gears Up To Build $3 Billion Solar Dream After Completing His Toughest IPO
Philippine tycoon Edgar Saavedra is building 5,000 megawatts in solar capacity in five years after raising funds to bankroll his $3 billion green energy project.
Philippine Billionaire Gokongwei Sells $580 Million Of Properties To REIT
Billionaire Lance Gokongwei is injecting $580 million of shopping malls and offices into his family’s REIT, narrowing the gap with country’s largest listed commercial property REIT.
TSMC-Backed Vanguard To Build $7.8 Billion Chip Plant In Singapore
Vanguard International Semiconductor and NXP Semiconductors will build a $7.8 billion chip wafer factory in Singapore.
Tycoon Lopez’s First Gen Plans To Invest $9 Billion To Boost Philippine Renewable Energy Capacity
Tycoon Federico Lopez's First Gen plans to invest $9 billion to almost quadruple its renewable energy capacity by 2030 as the country cuts its carbon footprint.