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PBCom to acquire bank, on the lookout for more

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Philippine Bank of Communications (PBCom), the soon-to-be financial arm of businessman Lucio Co’s growing empire, is on the lookout for bargain acquisitions in the vast rural banking sector as it expands its footprint locally.

Posted: September 10th, 2014 in Headlines | Read More »

MPIC raises stake in Thai tollroad operator

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Infrastructure holding firm Metro Pacific Investments Inc. has raised its interest in Thai tollroad operator Don Muang Tollway Public Co. Ltd. (DMT) to 29.45 percent, from 7.36 percent, by buying out the indirect stake held by parent conglomerate First Pacific Co. Ltd.

Posted: June 2nd, 2014 in Headlines | Read More »

Meralco scans underserved areas for acquisitions

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The Manila Electric Co. (Meralco) is looking for possible acquisitions in underserved areas in Luzon, Visayas and Mindanao, according to its president and CEO Oscar S. Reyes.

Posted: June 2nd, 2014 in Headlines | Read More »

China Bank gets BSP nod to merge units

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chinabank

The China Bank group has obtained approval from the Bangko Sentral ng Pilipinas to merge its thrift and rural bank units.

Posted: November 29th, 2013 in Latest Business Stories | Read More »

PLDT keeps acquisition tack

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Philippine Long Distance Telephone Co., the country’s largest telecommunications firm, is keen on expanding via acquisitions or partnerships with domestic telco providers in the provinces, PLDT president Napoleon Nazareno said.

Posted: October 28th, 2013 in Headlines | Read More »

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