Page 32 - Equity Ventures News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Published March 12, 2021, 2:03 PM Aboitiz InfraCapital, Inc. has increased its 2021 capital expenditures (capex) by 250 per cent to P13 billion, with P2.5 billion alloted for common towers. “COVID-19 may have affected our short-term plans, but we remain committed to our businesses, and to the same growth pathway and trajectory,” said Aboitiz Group President and CEO Sabin Aboitiz. “We are here for the long haul and we will continue to take bold and deliberate steps to achieve our growth objectives,” he added. Supporting government’s thrust to improve digital connectivity in the Phili...

MONEYWEB app instead? TymeBank gets R1.6bn injection from global partner New shareholders get around 20% of the bank, with joint venture GoTyme set to launch in the Philippines in Q2 next year. 00:01  Open: Malaysia, Vietnam and Indonesia might be next, with more product options coming on line for customers in SA. Image: Moneyweb TymeBank is set to substantially grow its South African offering and expand to the Philippines following a R1.6 billion investment injection. The investment by Philippines-based JG Summit Holdings and private equity firm Apis Growth Fund II will give the new sh...

By TED CORDERO, GMA News Published February 23, 2021 11:26am Gokongwei-led conglomerate JG Summit Holdings Inc. has acquired a stake in South Africa-based digital bank Tyme, which is eyeing markets in developing economies particularly in Southeast Asia. In a disclosure to the Philippine Stock Exchange on Tuesday, JG Summit said it has taken part in an estimated P5.3-billion or $110-million investment in Tyme, along with Apis Growth Fund II, a private equity fund managed by Apis Partners LLP, and South African investment holdings company African Rainbow Capital (ARC). Tyme, whose intern...

Published February 23, 2021, 4:58 PM The Gokongwei flagship JG Summit Holdings Inc. (JGS) has invested $5 million to acquire a minority stake in Tyme, one of the world’s fastest-growing digital banks based in South Africa. In a disclosure to the Philippine Stock Exchange, JG Summit said Tyme is seeking to explore emerging markets in developing economies particularly in the ASEAN. JG Summit has taken part in an estimated P5.3 billion (US$110 million) investment in Tyme, along with Apis Growth Fund II, a private equity fund managed by Apis Partners LLP, and South African investment holdings ...

Philippines-listed conglomerate JG Summit has participated in the $110 million funding in South Africa-based digital bank Tyme.