Top Japan brokerage invests P1.3B in COL Financial

 News
Apr 252017
 

Daiwa Securities Group has acquired a 14.9% stake in COL Financial Group, the leading online brokerage company in the Philippines.

The Japanese brokerage firm announced to media the acquisition of shares valued at 3 billion yen (USD 27.4 million, PhP 1.32 billion).

In a media release Daiwa said the investment in COL Financial provides Daiwa with an opportunity to participate in the fast-growing Philippine economy and further allows Daiwa to have a platform for further expansion in other Asian countries.

“The securities market in the Philippines is currently significantly under-penetrated with less than one percent of population owning a brokerage account, which to our view, is an extremely good opportunity to work together with COL to help grow the retail brokerage industry in the country,” said Daiwa.

“With this investment, we aim to build a stronger relationship with COL Financial and leverage the resources and networks of each other in future business development.”

Daiwa brings its investment to the Philippine online brokerage firm reputed to be the fastest growing online stockbroker with over 200,000 customers and PhP 61 billion in customer assets.

 

The post Top Japan brokerage invests P1.3B in COL Financial appeared first on Good News Pilipinas.

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Japan’s Sogo Sosha to invest almost P 200B in PH economy

 News
Mar 072017
 
Japan’s Sogo Sosha to invest almost P 200B in PH economy

Japan’s Sogo Sosha group is investing Php198.5 billion in the Philippines’ railway and transportation, energy, water management, and security sectors. The projects include mass transportation development for Light Rail Transit (LRT) Line 1 South extension, LRT Line 2 East extension, North-South Commuter Railway Project, and possible development of transit systems in Davao, Cebu and Clark. The Japanese investment will also look into Philippine Coast Guard multi-role response vessels and a coal power plant. The Department of Trade and Industry (DTI) discussed the trade partnership with Japan during a meeting between Trade Secretary Ramon Lopez and Sogo Sosha executives at the 35th annual Japan-Philippines Economic Cooperation Committee and Philippines-Japan Economic Cooperation Committee meeting, according to a Philippine Star report. The Sogo Sosha group of Japan’s major trading houses include: Mitsubishi Motors, Toyota Tsusho and Sojitz Corp., Marubeni Corp., Mitsui & Co. Ltd., Sumitomo Corp., and Itochu Corp. “Japanese investor remains confident of business prospects in the Philippines. We urge Japanese investors to take the chance to invest in the Philippines as it experiences its momentous economic takeoff in the region,” Lopez said. DTI also identified other Japanese investments from Tsuneishi Shipbuilding Co. Ltd. and an expansion project of Ichijo Co. Ltd., worth Php25 billion. Tsuneishi is investing in an international ship recycling facility fitted with state of the art green technologies, a 120-hectare ship reuse center in Negros Occidental,and a biomass fuel project in Mindanao. The DTI expects the investments coming into the country until 2018.   The post Japan’s Sogo Sosha Read More …