PwC Philippines said 2024 was a promising period for M&A in the Philippines, fueled by progressive investment policies and strong performances in key industries.
In a report, PwC Philippines said the Philippines registered 113 M&A deals in 2024.
"The energy and natural resources sector led in deal making activity with 21 transactions, driven by renewable energy investments such as Terra Solar Philippines' solar power expansion and Meralco PowerGen's renewable energy infrastructure projects, underscoring the push for green energy," PwC Philippines said.
The report said the sector registered $3.7 billion worth of deals in 2024, adding that this was largely driven by investments in solar and wind projects.
"A notable transaction was Aboitiz Power Corp.'s $2.2 billion acquisition of multiple power stations, aligning with its strategy to expand generation capacity and meet increasing energy demand while also focusing on sustainable energy and enhancing power supply reliability," it said.
This story is from the January 04, 2025 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 04, 2025 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Sales of private label food, beverages to hit $900 M
The country's sales of private label products in the food and beverage sector are expected to hit nearly $900 million this year, driven by Filipinos' growing demand for such brands, according to an international agency.
IPO proceeds to fund lending, global expansion - GCash
E-wallet giant GCash will spend the proceeds from its initial public offering (IPO) on expanding the lending business and speeding up international growth, its top executive said.
Senate OKs three-year fixed term for PCG chief
The Senate has approved a proposed measure seeking a three-year fixed term for the Philippine Coast Guard (PCG) commandant.
Retail price growth in NCR picks up in December
Retail price growth of goods in Metro Manila rose in December 2024 from the previous month due mainly to the slower decline in fuel prices, according to the Philippine Statistics Authority.
Let's talk about sex
In certain private schools, sex education is provided in fourth grade. The lessons are timed to coincide with mass circumcision for the boys, which the schools sponsor for free. The event gives teachers an opportunity to explain the male and female anatomy, the reproductive system and how babies are made.
5 Fearless Auto Industry Forecasts for 2025
Barely a week has gone by, and it looks like 2025 is shaping up to be a solid year for the Philippine automotive industry.
BBM looks forward to working closely with POTUS
President Marcos joined other world leaders in congratulating US President Donald Trump on his inauguration, saying he is looking forward to working closely with the Trump administration, particularly in maintaining stability and economic prosperity in the region.
RENEWAL AND TRANSFORMATION FOR THE YEAR OF THE SNAKE
There couldn't have been a better mascot for fashion than the snake, which is slithering its way into the Lunar New Year as the dragon sashays away.
DBM Approves Release of P30-B Military Pension
A P30.41-billion fund for the regular pension requirements of military and uniformed personnel (MUP) for the first quarter has been approved for release by the Department of Budget and Management (DBM).
Comelec defers anew printing of ballots
The resumption of printing of the 73 million ballots for the May midterm elections was deferred anew, as the Supreme Court (SC) issued another temporary restraining order (TRO) against the disqualification of a senatorial aspirant.
