By Quynh Nguyen
MIT Media Lab, Barclays, the Mastercard Foundation, Ripple, Techstars, Mahindra Finance, 2020 Ventures, and 8 Decimal Capital joined the round.
This is the first Climate Bond certified infrastructure-focused fund to be listed in Southeast Asia.
The acquisition is in line with the Japanese group’s strategy of expanding its international network by 2022.
The sanction comes around four months after the first course of action the PCC had taken against Grab Philippines and Uber.
Europe’s biggest cement maker is considering the divestment as part of a broader strategic review of its Southeast Asia operations following the sale of its Indonesia business.
Proceeds from the share sale will fund the construction of a $200-million integrated casino-resort in a former U.S. military base north of the capital, and a $300-million megacasino in central Philippines.
The airlines is closing in on selling a minority stake to a foreign strategic investor, with a deal likely to be sealed in the first half of this year.
Very similar to its move in the Philippines, Gobi has also launched a $10-million micro-fund for Indonesia called the Gobi-Agung Fund.
The move by Go-Jek further strengthens its grip on fintech and cashless payments.
EZAdvance intends to use Alconomy’s technology to provide digital banking services in the Philippines.