Monday, May 4, 2026
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Tag: joint venture

URC to sell 21% stake in Nissin joint venture to Japanese partner

Food manufacturer Universal Robina Corp. (URC) is selling its 21 percent stake in an instant noodle joint venture to Nissin Foods Asia Ltd. (NFA). URC...

URC to sell majority stake in noodle venture to Nissin Foods Asia

Food manufacturer Universal Robina Corp. (URC) is selling its 21-percent stake in an instant noodle joint venture with Nissin Foods Asia Ltd. (NFA). URC said...

TikTok establishes joint pact to end US ban threat

WASHINGTON—TikTok announced Thursday it has established a majority American-owned joint venture to operate its US business, allowing the company to avoid a ban over...

Ayala’s ACX, CP AXTRA expand partnership to reintroduce Makro in Philippines

ACX Holdings Corp., the retail arm of Ayala Corp., and CP AXTRA, Asia’s leading operator of wholesale and retail chains Makro and Lotus’s, have...

ACEN unit drops planned P60-b Batangas power plant project

Ayala-owned Enex Energy Corp. (Enexor) is terminating its joint venture with GenX Energy LP for the proposed P60 billion, 1,100-megawatt combined-cycle gas turbine in...

Burger King to enter China joint venture

BEIJING – US fast-food chain Burger King will rapidly expand its China operations in coming years, its parent company said, selling its controlling stake...

Batangas forum backs Meralco-BATELEC II joint venture

A group of Batangas business and civic leaders has thrown its support behind the proposed joint venture between Manila Electric Company (Meralco) and Batangas...

EDC unit, Sinar Mas subsidiary sign geothermal venture in Indonesia

PT FirstGen Geothermal Indonesia, a subsidiary of Lopez-led Energy Development Corp. (EDC), and PT DSSR Daya Mas Sakti (DSSR), a subsidiary of PT Dian...

Concrete Stone teams up with Chinese firm to build P1.36-billion Bataan factory

Concrete Stone Corp. (CSC), an affiliate of Asiabest Group Inc., has teamed up with China's Jiangxi GETO New Materials Corp. Ltd. to build a...

Mitsubishi, Security Bank form joint venture on auto financing

Mitsubishi Motors Philippines Corp. (MMPC) and Security Bank Corp. formed a new joint venture, Mitsubishi Motors Finance Philippines Inc. which will serve as a...

Mitsubishi gets PCC nod to acquire stake in GCash, Fuse Lending

Mitsubishi Corp. has received approval from the Philippine Competition Commission (PCC) to acquire a 50-percent stake in AC Ventures Holding Corp., Ayala Corp.’s venture...

BCDA reopens bidding for P2.5-b ICT projects in New Clark City

The Bases Conversion and Development Authority has re-opened the competitive bidding for the commercialization of passive information and communications technology infrastructure in New Clark...

Globe’s Yondu, NCS form joint venture

Globe Telecom Inc. said Thursday it formed a joint venture with NCS Pte Ltd. (NCS) to strengthen the operations of its subsidiary Yondu Inc. Under...

Vivant subsidiary announces exit from joint venture with Israeli firm

Vivant Hydrocore Holdings, Inc. (VHHI), a subsidiary of publicly listed energy and water conglomerate Vivant Corp., is exiting its joint venture with Israeli company...
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