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MVP camp seen buying into Victorias Milling


The group of businessman Manuel V. Pangilinan is keen on scaling up its interest in the local sugar industry by seeking a foothold in the country’s biggest sugar firm, Victorias Milling Corp.

Posted: April 3rd, 2014 in Headlines | Read More »

PLDT acquires 51% stake in Philippine Star—report

Manuel V. Pangilinan    INQUIRER FILE PHOTO

Philippine Long Distance Telephone Co. confirmed on Wednesday that its pension fund has acquired a controlling stake in The Philippine Star, one of the country’s largest newspapers, adding to its expanding media portfolio.

Posted: April 2nd, 2014 in Latest Business Stories | Read More »

First Pacific Co. Ltd gets 60% stake in Philippine Star

Manuel V. Pangilinan    INQUIRER FILE PHOTO

Hong Kong’s First Pacific Co. Ltd has sealed a deal to acquire a controlling stake in The Philippine STAR, further enlarging its media footprint in the Philippines, which already included stakes in various newspapers and a television station, CEO Manuel V. Pangilinan said on Monday.

Posted: April 1st, 2014 in Latest Business Stories | Read More »

Mitsubishi acquires Ford’s former PH assembly plant in Laguna

Screengrab from www.mmpc.ph

The Philippine unit of Japanese car-maker Mitsubishi confirmed Monday a Nikkei report that it has acquired the former assembly plant of Ford in Laguna province.

Posted: March 31st, 2014 in Latest Business Stories | Read More »

Ayala Land buying Puerto Azul property for P2.3B


Property giant Ayala Land Inc. has gained a foothold in seaside estate Puerto Azul in Ternate, Cavite, with a deal to buy parcels of land worth P2.3 billion from Panlilio-led Boulevard Holdings Inc.

Posted: March 15th, 2014 in Headlines | Read More »

Berjaya unit buys stake in UK firm

The local unit of Malaysian conglomerate Berjaya is acquiring a 50-percent stake in a British firm focusing on real estate development in London.

Posted: March 8th, 2014 in Headlines | Read More »

GT Capital acquires Toyota dealer stake


Tycoon George Ty-led conglomerate GT Capital Holdings Inc. has completed the takeover of a 60-percent direct stake in car dealership unit Toyota Manila Bay Corp. (TMBC).

Posted: March 6th, 2014 in Latest Business Stories | Read More »

Convergys beefs up capacity with Stream purchase

US-based Convergys Corp. expects to further cement its leadership in the Philippines and overseas with its recent acquisition of Stream Global Services Inc. for $820 million.

Posted: March 5th, 2014 in Headlines | Read More »

PLDT shelves plans to buy GMA 7 stake


Philippine Long Distance Telephone Co. (PLDT) has shelved for a third time plans to acquire a stake in GMA Network Inc., which operates one of the country’s biggest television networks, its top official said.

Posted: March 5th, 2014 in Headlines | Read More »

Max’s completes purchase of Pancake House


The Max’s restaurant group has completed its acquisition of a controlling stake in Pancake House.

Posted: February 25th, 2014 in Latest Business Stories | Read More »

Ayala Land buys Mitsubishi’s stake in Philenergy


Ayala Land Inc. has struck a deal to buy out the 40 percent stake held by Mitsubishi Corp. in Philippine Integrated Energy Solutions, Inc.

Posted: February 24th, 2014 in Latest Business Stories | Read More »

Aboitiz buys out Marubeni stake in Batangas industrial park


The Aboitiz group has taken full control of the 485-hectare LiMA Technology Center in Batangas by buying out the 40 percent stake held by the Japanese company Marubeni Corp.

Posted: February 21st, 2014 in Latest Business Stories | Read More »



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