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Trans-Asia Oil buys out Holcim in power firm

Trans-Asia Oil and Energy Development Corp. has bought out its partner in Trans-Asia Power Generation Corp.

Posted: January 2nd, 2013 in Headlines | Read More »

Palace OKs proposed gov’t takeover of MRT-3

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President Aquino has approved the Department of Transportation and Communications’ plan to take over the Metro Rail Transit Line 3, which was estimated to cost the government roughly $1 billion.

Posted: December 19th, 2012 in Headlines | Read More »

Creditors accept Globe offer to buy Bayan debts

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Globe-Telecom-Bayantel

The Ayala group’s takeover of financially distressed Bayan Telecommunications Inc. is likely pushing through following huge acceptance of the latter’s creditors of Globe Telecom’s offer of a way out.

Posted: December 10th, 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 »

Metrobank unit eyes delisting from bourse

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First-Metro-Investment-Corp

The Metrobank group plans to bring its investment house, First Metro Investment Corp., back to private hands and is now preparing an offer to buy out the minority shareholders at P89 per share.

Posted: October 15th, 2012 in Latest Business Stories | Read More »

ALI buys out Saudis from new hotel complex

Local property giant Ayala Land Inc. has bought out Saudi conglomerate Kingdom Holding Co. from their partnership in the Fairmont Hotel and Raffles Suites and Residences project in Makati, thus taking 100 percent control of the project ahead of the opening of the newest hotel properties in the central business district.

Posted: October 3rd, 2012 in Headlines | Read More »

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