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East West Bank doubles branches to 245

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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 calls […]

Posted: January 2nd, 2013 in Latest Business Stories | Read More »

ABS-CBN to offer 1B voting preferred shares in line with capital restructuring

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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.

Posted: October 4th, 2012 in Latest Business Stories | Read More »

SEC approves Tanduay Holdings’ shift into LT Group Inc.

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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.

Posted: October 3rd, 2012 in Latest Business Stories | Read More »

Meralco to enter into power supply deals with 3 firms

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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.

Posted: December 12th, 2011 in Latest Business Stories | Read More »

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