MANILA, Philippines—The Gotianun-led East West Bank doubled the number of its branches to 245 in 2012 in line with plans to build a 350-strong local distribution channel to support further growth objectives by 2014. In a disclosure posted on the Philippine Stock Exchange on Monday, EastWest said it opened 123 new branches—which the bank [...]
The Lopez-led broadcasting giant ABS-CBN Corp. plans to offer one billion voting preferred shares to existing shareholders this December as part of its capital restructuring.
The Securities and Exchange Commission has approved the transformation of tycoon Lucio Tan’s beverage unit Tanduay Holdings Inc. into the “LT Group Inc.,” the vehicle for the group’s major assets.
The Manila Electric Co. (Meralco), the country’s biggest power distributor, has been given the green light by its board of directors to enter into power supply agreements with three power generation firms.
