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Biz Buzz: Solaire goes solo

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Last week’s shock announcement that Bloomberry Resorts was ending its relationship with Global Gaming Asset Management LLC—the service operator of the $1.2-billion Solaire Casino and Resort—came as a little surprise to industry insiders who said that the problems between the two parties had been brewing for some time now.

Posted: September 18th, 2013 in Headlines | Read More »

Forbidding rules

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Uh-oh, one simple racket at the Bureau of Customs now smells of another reeking diplomatic trouble for the Aquino (Part II) administration.

Posted: July 18th, 2013 in Columnists,Inquirer Columns | Read More »

Aurelio Montinola moves on after 31 years

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Aurelio “Gigi” Montinola III: There’s life after BPI

It’s not often that shareholders give a standing ovation at the end of the president’s annual report but Aurelio “Gigi” Montinola III got what he deserved as he bowed out as chief of Bank of the Philippine Islands on April 18.

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

SMDC on P71B expansion binge

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Residential property developer SM Development Corp. unveiled on Wednesday a P71-billion three-year expansion program and a top management change, as it affirmed its upbeat outlook on the affordable residential property segment of the sector.

Posted: April 25th, 2013 in Headlines | Read More »

Biz Buzz: Sending off Gigi

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In 10 days—or right after the annual stockholders’ meeting of Ayala-led Bank of the Philippine Islands—the country’s most valuable bank will have a new president, investment banker Cezar Consing, who certainly has very big shoes to fill.

Posted: April 8th, 2013 in Headlines | Read More »

Biz Buzz: Changing of the guard

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A leadership change is coming to Petron Corp. this week as the country’s biggest petroleum refiner and distributor will soon get a new president—a move expected to be confirmed by its board of directors in a meeting scheduled Tuesday, Feb. 19.

Posted: February 18th, 2013 in Headlines | Read More »

Biz Buzz: Reluctant bellwether

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The SM group isn’t too eager to celebrate—at least not yet—its latest milestone.

Posted: January 6th, 2013 in Headlines | Read More »

Cezar Consing named new president of BPI

Investment banker Cezar Consing will become the new president and chief executive of Ayala-led Bank of the Philippine Islands—the country’s most valuable and profitable bank—upon the retirement of banker Aurelio Montinola III in April next year.

Posted: December 13th, 2012 in Headlines | Read More »

Biz Buzz: ‘Filipinizing’ HSBC

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“The world’s local bank” will live up to its tagline once it names a Filipino executive as its new country manager.

Posted: October 15th, 2012 in Headlines | Read More »

Business Disclosures

Chemrez Technologies Inc. said it bought back 9,000 shares at P2.71 per share on September 27, in line with the company’s share buyback program.

Posted: October 4th, 2012 in Headlines | Read More »

Biz Buzz: DBP ins and outs

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One of the biggest challenges Gil Buenaventura will face when he reemerges from a short-lived retirement on October 22 to become the new president of Development Bank of the Philippines is to fill up a shrinking plantilla.

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

Biz Buzz: Banker’s big day arrives

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A big change is coming to this foreign bank this month after its big bosses overseas decided to finally put a Filipino in charge of local operations.

Posted: October 1st, 2012 in Headlines | Read More »

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