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Golden Week

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City of Dreams Manila, the integrated gaming and entertainment partnership between the SM group and Macau’s casino giant Melco Crown, is expected to open its doors on Oct. 1 this year instead of the earlier announced mid-year opening.

Posted: April 20th, 2014 in Headlines | Read More »

Third time lucky?

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After being revived late last year, word went around that the deal for the PLDT group’s acquisition of GMA Network Inc. was nearing completion. In fact, the buzz reached a frenzy just before Christmas week when information surfaced that both parties had agreed on a price of P48 billion for a lock-stock-and-barrel deal for the country’s second largest broadcast firm.

Posted: January 5th, 2014 in Editor's Pick,Headlines | Read More »

Bali’s tallest Christmas tree

Filipino holiday-makers heading to Bali, Indonesia, this season will be pleasantly surprised to see the tallest Christmas tree at Kota Beach carrying the branding of San Miguel.

Posted: December 24th, 2013 in Headlines | Read More »

Peace in McKinley West

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Ahead of the Christmas holidays, cooler breeze is now blowing over the McKinley West complex in Fort Bonifacio after the group of property tycoon Andrew Tan and the state-controlled Bases Conversion Development Authority (BCDA) resolved their dispute over their 34.5-hectare joint venture at the former Jusmag site.

Posted: December 17th, 2013 in Headlines | Read More »

New BFF?

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As the group of businessman Roberto V. Ongpin parts ways with London-based Ashmore group, several prominent names in the region have cropped up as potential new strategic partners in property firm Alphaland Corp.

Posted: October 15th, 2013 in Headlines | Read More »

Nadecor corporate melee

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Here’s another case in the growing list of companies being fought over by their shareholders.

Posted: September 3rd, 2013 in Headlines | Read More »

Veto power up for grabs

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So San Miguel Corp. has finally decided that it was open to suitors wanting to acquire its 32.8-percent stake in Manila Electric Co. Given that the share price of the country’s biggest electricity distributor is now P384, such a sale makes a lot of sense for SMC head honcho Ramon Ang.

Posted: June 4th, 2013 in Editor's Pick,Headlines | Read More »

‘Game changer’

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What’s turning out to be a game changer for the country’s fledgling gaming industry—and not necessarily for the better—is a shift in the tax regime from the 5-percent franchise tax on gross gaming revenues to a 30-percent tax on net income. This is seen affecting the bankability of the industry especially as investors had come in on the assumption of a competitive cost structure versus regional gaming hubs.

Posted: April 30th, 2013 in Headlines | Read More »

Missing affidavit

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SM Prime Holdings Inc. president Hans Sy, the designated representative to the SM group’s public-private partnership (PPP) initiatives, did not realize that a lot of manual labor was required to participate in these auctions.

Posted: April 23rd, 2013 in Featured Columns,Headlines,Inquirer Columns | Read More »

Biz Buzz: Electrocuted

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This Western Visayan electricity distributor is now sending shockwaves to stakeholders as P825 million of hard-earned funds—equivalent to more than half of its total cash holdings and more so of its equity—have been trapped in Export and Industry Bank, which was shut down by the Bangko Sentral ng Pilipinas last year.

Posted: February 26th, 2013 in Featured Columns,Headlines,Inquirer Columns | Read More »

Sweet sale

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The single biggest stockholder of Victorias Milling Corp. unloaded its 24-percent interest in the sugar firm last Friday, possibly cashing out ahead of further tariff cuts under the Asean Free Trade Agreement (Afta). No, it’s not the Lucio Tan group but a foreign fund named CVI GVF Lux Masters, which has a more substantial (compared [...]

Posted: December 25th, 2012 in Columnists | Read More »

Unexpected holiday present

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BUSINESSMAN Bobby Ongpin received an unexpected gift a couple of days before Christmas when regulatory agencies gave their final approval for his group’s acquisition of 97 percent of Philippine Bank of Communications (PBCom).

Posted: January 1st, 2012 in Headlines | Read More »

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