SINGAPORE (Nov 13): Ayala Corporation, one of the oldest and largest conglomerates in the Philippines, is set to invest US$238 million ($324 million) to buy a 20% each in Singapore-listed Yoma Strategic Holdings and Yangon-listed First Myanmar Investment (FMI), according to Financial Times.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe