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Phinma education unit takes in investment from private equity firm, ADB

PHINMA Corp. said on Friday that a private equity fund and the Asian Development Bank (ADB) are investing P1.625 billion in its education subsidiary, giving the investors board representation in the unit.

Phinma Education invests P278M in Indonesia JV

THE education arm of Phinma Corp. is investing P278 million in a joint venture (JV) firm in Indonesia, marking its entry into the Southeast Asian country.