SINGAPORE Buyout firms KKR , Blackstone and CVC are among bidders competing for a stake in the hospital unit of Philippines' Metro Pacific Investments Corp , people with knowledge of the matter told Reuters.
* Metro Pacific offering 40% stake but could increase
SINGAPORE, Aug 16 Buyout firms such as KKR
, Blackstone and CVC are competing to buy a stake
in the hospital unit of Philippines' Metro Pacific Investments
Corp, people with knowledge of the matter said.
SINGAPORE Singapore slashed its full-year economic growth forecast on Tuesday as global conditions were seen worsening and data confirmed the slowest growth rate in a decade amid mounting fears of recession in the city-state.
SINGAPORE Singapore's central bank is raising its guard against money launderers increasingly using onshore shell companies to mask their transactions, a senior official said.
SINGAPORE Singapore's Oversea-Chinese Banking Corp Ltd reported steady earnings and profit jumped at United Overseas Bank in the second quarter, with improved margins and loan growth providing support in a slowing economy.
* Banks' outlook seen weakening as Singapore economy falters
(Recasts with comments, adds sector's performance)
MANILA/SINGAPORE Metro Pacific Investments Corp has received interest from many potential buyers for a minority stake in its hospital unit, which could be valued at up to $2.5 billion in the largest healthcare deal in the Philippines.
SINGAPORE Drug trafficking into Singapore, which has some of the world's toughest drugs laws, has risen recently, the law minister said on Wednesday, and he defended capital punishment for serious drug crime as reflecting public support.
SINGAPORE Prolonged turmoil in Hong Kong could jeopardize regional financial stability, and that would outweigh any short-term gain for Singapore from flows of funds from investors worried about protests there, a Singapore government minister said.