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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 »

Pancake House eyeing more acquisitions

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Pancake House Inc., the listed operator of the country’s biggest casual dining group, is looking return to acquisition mode in 2014, three years after it bought 100 percent of the Yellow Cab pizza chain.

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

STI buys Bacolod university

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sti college

Tanco-led education network STI Education Systems Holdings has struck a deal to acquire West Negros University in Bacolod.

Posted: April 16th, 2013 in Latest Business Stories | Read More »

Cirtek to buy Thai electronics firm

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Laguna-based semiconductor firm Cirtek Holdings Philippines Corp. is poised to post record profits in 2013 as it prepares for more acquisitions and another major supply deal with a big client from the United States.

Posted: January 27th, 2013 in Headlines | Read More »

Ramos firm to sell 7.728M treasury shares

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Global insurance giant Sun Life of Canada is on the lookout for acquisition opportunities in the Philippines, as rising capital requirement is seen prompting more consolidation in the local insurance industry.

Posted: December 31st, 2012 in Headlines | Read More »

Proposed gov’t takeover of MRT line up for Palace OK

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The proposed government takeover of the Metro Rail Transit (MRT) train line, which deviates from the existing policy of privatizing infrastructure projects, is now up for the President’s approval.
Transportation and Communications Secretary Joseph Emilio Abaya on Thursday said the MRT takeover, spearheaded by the Department of Finance, was now “in its advanced stages and just a few steps away from fruition.”

Posted: November 23rd, 2012 in Headlines | Read More »

BPI in talks to acquire majority stake in PNB

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The Bank of the Philippine Islands of the Ayala group is in advanced talks to acquire a majority stake in Lucio Tan-led Philippine National Bank in what could be a major banking consolidation that would make the Ayala banking arm as big as Banco de Oro Unibank.

Posted: November 21st, 2012 in Latest Business Stories | Read More »

Gov’t to buy out MRT 3 owners

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An MRT 3 train waits for more passengers at the starting station in Pasay City on Oct. 20,2012. The government is preparing to take over the MRT line 3 as it draws up plans to buy out private groups invested in the commuter train system.  PHOTO BY RICK ALBERTO

The government is preparing to take over the Metro Rail Transit (MRT) line 3 as it draws up plans to buy out private groups invested in the commuter train system.

Posted: October 23rd, 2012 in Editor's Pick,Headlines | Read More »

Big firms pursuing deals for food industry consolidation

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Bicol Express is one of several canned Moondish Foods products. Splash Corp. completed on Monday, Oct. 1, 2012, the acquisition of Moondish Foods, a Taguig-based manufacturing company that produces canned ready-to-eat Filipino food. PHOTO FROM MOONDISHFOODS.COM

Consolidation is looming within the food industry due to a strong local consumer sector.

Posted: October 1st, 2012 in Latest Business Stories | Read More »

George Ty-led GT Capital raises stake in Global Business Power to 51%

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Tycoon George Ty’s GT Capital Holdings Inc. acquired on Wednesday a total of 66.15 million shares of the Global Business Power Corp. (GBPC), worth an estimated P2.32 billion.

Posted: September 13th, 2012 in Latest Business Stories | Read More »

More big banks keen on buying up weak players

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A string of acquisitions in the banking sector may be in the offing, with several large banks expressing interest to take over undercapitalized rural banks.

Posted: September 9th, 2012 in Headlines | Read More »

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