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Long wait is over for PNB, Allied Bank merger

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pnb-allied

The long-awaited merger of Philippine National Bank (PNB) and Allied Banking Corp. will finally push through on Feb. 9, nearly four years after plans were first made public.

Posted: January 22nd, 2013 in Editor's Pick,Headlines | Read More »

19 firms still below PSE’s minimum public float 2 weeks before deadline

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While inclement weather continued to sideline Philippine markets, Asian emerging markets are likewise battling a “storm” arising from a capital flight to developed markets in anticipation of the US Federal Reserve’s tapering of its easy money policy. INQUIRER FILE PHOTO

With two weeks to go before the ultimate deadline, 19 listed companies are still below the 10-percent minimum public ownership required for continued listing on the Philippine Stock Exchange.

Posted: December 19th, 2012 in Latest Business Stories | Read More »

Lucio Tan seeks P300M from gov’t in damage suit

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Claiming that state prosecutors have failed to prove that his assets are ill-gotten after more than two decades of trying, ethnic Chinese businessman Lucio Tan has filed a P300 million counter-claim for damages from government.

Posted: April 12th, 2012 in Latest Business Stories | Read More »

Stock exchange told PNB, Allied merger done by 2012

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Philippine National Bank and Allied Bank

Lucio Tan’s banking units, Philippine National Bank and Allied Banking Corp., expect to complete their merger by 2012 after resolving the remaining stumbling block to this much-delayed union.

Posted: December 2nd, 2011 in Latest Business Stories | Read More »

Allied bank transfers holdings in US to expedite PNB merger

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Lucio Tan banks’ Allied Banking Corp. and the Philippine National Bank moved another step closer towards their long-awaited merger as Allied announced the transfer of its holdings in a California bank to a trust fund, to be later sold to third-party investors.

Posted: October 11th, 2011 in Latest Business Stories | Read More »

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