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AirAsia plans $500M infusion in PH operations

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In this photo released by Team Pacquiao, Filipino boxer Manny Pacquiao, left, and budget airline AirAsia owner Tony Fernandes, hold a cutout of the airline's new design designating Pacquiao as its new ambassador Wednesday, Nov. 12, 2014 at General Santos City. AirAsia is investing another $500 million to expand its Philippine operations should the group gain a long-delayed approval from Congress to consolidate its local business, Fernandes said on Wednesday.  AP PHOTO/MIKE YOUNG, TEAM PACQUIAO

Malaysia’s AirAsia Berhad, one of the region’s biggest budget carriers, is investing another $500 million to expand its Philippine operations should the group gain a long-delayed approval from Congress to consolidate its local business, its top official said on Wednesday.

Posted: November 13th, 2014 in Featured Gallery,Headlines,Latest Business Stories | Read More »

Tan consolidates property assets under Megaworld

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Property tycoon Andrew Tan has completed the consolidation of his real estate businesses under flagship Megaworld Corp. with the latter’s takeover of a controlling stake in the group’s leisure estate arm Global-Estate Resorts Inc. (Geri).

Posted: May 10th, 2014 in Headlines | Read More »

Global Estate Resorts consolidated into Megaworld

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Screengrab from www.global-estate.ph

Real estate tycoon Andrew Tan has completed the consolidation of property businesses under flagship Megaworld Corp. with the latter’s takeover of a controlling stake in the group’s leisure estate arm Global-Estate Resorts Inc. (GERI).

Posted: May 9th, 2014 in Latest Business Stories | Read More »

Present state of the market

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If there is a technical term that can generally describe the state of the market at present, according to a colleague, is the word “consolidation.”

Posted: March 25th, 2014 in Columnists,Inquirer Columns | Read More »

Gov’t consolidates statistics agencies

The country’s statistical agencies are now consolidated into one body called the Philippine Statistical Authority (PSA).   The PSA will absorb the National Statistics Office (NSO), National Statistical Coordination Board (NSBC), Bureau of Agricultural Statistics (BAS) and Bureau of Labor and Employment Statistics (BLES).   The PSA will be responsible for the conduct of national […]

Posted: January 3rd, 2014 in Headlines | Read More »

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