Consortium Invests USD 685 Million in Metro Pacific Hospitals
Metro Pacific Investments has revealed it will sell a 42.5% stake in the country’s largest hospital chain, Metro Pacific Hospitals Inc., to a consortium led by private equity firm KKR & Co for around USD 685 million. The sale, which values the whole unit at...
PayPal and Tinder Co-Founders Raise Seed Capital for Filipino Fintech Startup
PayPal and Tinder’s Co-Founders, together with other venture capital firms Y Combinator, Global Founders Capital, and Soma Capital, have granted a total USD 2.7 million in seed funding to PayMongo, a Filipino fintech company which helps small entrepreneurs set up...
Philippines Receives Record Funding from ADB
The Philippines becomes the third largest recipient of loan funding from the Asian Development Bank (ADB), as the multinational donor aims to support the government in its massive Build, Build, Build (BBB) program to address issues brought by rapid urbanization. The...