Manuel V. Pangilinan is ready to take his group’s business partnership with the Gokongwei family a step further, eyeing possible new projects in the power generation sector to meet the country’s growing demand.
The battle between the Chinoys and Castilaloys for the Ortigas central business district has become a reality after Ayala Land Inc. made a formal pitch to come in as a strategic partner of the Ortigas family, which, in turn, consolidated control of its holding firm last week by buying out the 34-percent stake held for the last 70 years by British banking giant HSBC.
PROPERTY giant Ayala Land Inc. is hatching an alliance with the Ortigas group for the development of the latter’s vast urban landbank, coming in as a prospective strategic partner in the family’s holding company in lieu of a takeover attempt by tycoon Henry Sy.
To prevent redundancy in program implementation and funding, various government agencies and national departments have forged alliances with local government units for the development of micro, small and medium enterprises (MSMEs) in the countryside. The alliance, dubbed Project Grace (short for Generating Resources of Agencies for Community Enterprise), will initially be implemented in Region 4B [...]
