Ramco Systems, an India-based aviation software provider, has signed an agreement with Philippine Airlines, Inc. (PAL) to deploy its Aviation Suite V5.9 to help the Philippines’ national flag carrier automate and streamline business operations across its network. According to Ramco Systems, the Aviation Suite V5.9 solution will replace Philippine Airlines’ standalone legacy systems. This is […]
Akulaku, a Southeast Asian fintech company, has secured an investment of $200 million from Japan-based Mitsubishi UFJ Financial Group (MUFG), marking the second strategic investment for the banking and digital finance platform this year. The funding is expected to help Akulaku expand its banking services across Southeast Asia. Akulaku’s future growth plans complement MUFG’s, accelerating […]
GMR Airports International said that it has entered into an agreement to sell its stake in the Mactan Cebu International Airport in Lapu-Lapu City, Cebu in the Philippines to Aboitiz InfraCapital for INR 1389.9 crores. The deal involves GMR Airports’ stake in GMR Megawide Cebu Airport Corporation (GMCAC), which is a joint venture between the […]
Hero MotoCorp, an Indian multinational motorcycle and scooter manufacturer, has partnered with Terrafirma Motors (TMC), a part of the Columbian Group of Companies, to foray into the Southeast-Asian market. As part of the partnership and its expansion plans, Hero MotoCorp will commence its operations in the Philippines, launching its motorcycles in the archipelagic country. Terrafirma […]
Indian conglomerate Larsen & Toubro (L&T) said that its construction arm has won orders for its multiple businesses, worth in the range of INR 1,000 to 2,500 crores. Larsen & Toubro’s water and effluent treatment business has won a contract from the Rural Drinking Water & Sanitation Division, Karnataka. The contract is for constructing drinking […]
Hinduja Global Solutions (HGS), through its subsidiary HGS International Mauritius, has wrapped up the previously announced acquisition of Diversify Offshore Staffing Solutions. The deal was announced in late January and its financial terms remained undisclosed. Based in Australia, Diversify Offshore Staffing Solutions is engaged in providing business process management (BPM) services. The Australian company, which […]
Hinduja Global Solutions (HGS) said that its subsidiary HGS International Mauritius has agreed to acquire Australia-based Diversify Offshore Staffing Solutions for an undisclosed price. The deal is likely to close in the next few days, said the Indian IT service management company. Diversify Offshore Staffing Solutions offers business process management (BPM) services. The company, which […]
TVS Motor Company has launched TVS Apache RR 310 with Race Tuned Fuel Injection and connected scooter TVS NTORQ 125 in the Philippines. The Indian two-wheeler and three-wheeler manufacturer said that it has developed a couple of versions of fuel injection platforms — RT-Fi (Race Tuned Fuel injection) and ET-Fi (Ecothrust Fuel injection). The RT-Fi […]
Tiger Resort, Leisure and Entertainment (operating as Okada Manila), a casino resort in the Philippines, has agreed to merge with 26 Capital Acquisition Corp., a Miami-based blank check company, in a deal that values the former at $2.6 billion. The deal enables Okada Manila to become a publicly-traded company, which is expected to trade on […]
Infosys said that UnionBank of the Philippines (UBP) will move from an on-premises deployment to Infosys Finacle Digital Banking Solution Suite on Cloud. According to the Indian IT giant, more than eight million customer accounts will be considered for shifting to the new software-as-a-service (SaaS) platform. The migration is expected to help UnionBank of the […]