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Biz Buzz: The real score

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Many people remain intrigued as to why tycoon Lucio Tan went all out, financially speaking, just to be able to recover Philippine Airlines from his erstwhile partner Ramon Ang.

Posted: September 24th, 2014 in Columnists,Inquirer Columns | Read More »

SMC lost money on PAL investment

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San Miguel Corp. did not make a profit on its investment in Philippine Airlines despite having turned around the moribund flag carrier during the two years when the diversified conglomerate was running the firm, SMC president Ramon S. Ang (inset) said on Monday.  INQUIRER FILE PHOTOS / LEO M. SABANGAN II

San Miguel Corp. did not make a profit on its investment in Philippine Airlines (PAL) despite having turned around the moribund flag carrier during the two years when the diversified conglomerate was running the firm.     In fact, SMC president Ramon S. Ang said yesterday that the conglomerate—the country’s largest business group in terms […]

Posted: September 23rd, 2014 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

Biz Buzz: Change of command at PAL

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SMC president Ramon S. Ang: Confirmation

It was a busy Monday for the camps of San Miguel and Lucio Tan, as the final deal for Tan’s takeover of Philippine Airlines’ management was finally sealed.

Posted: September 17th, 2014 in Columnists,Inquirer Columns | Read More »

Lucio Tan group retakes PAL’s helm

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PAL. FILE PHOTO

Tycoon Lucio Tan on Monday officially reclaimed management control of flag carrier Philippine Airlines after executing the buyout of the 49-percent stake held by conglomerate San Miguel Corp.

Posted: September 16th, 2014 in Editor's Pick,Headlines | Read More »

Lucio Tan group buys back PAL

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PAL. FILE PHOTO

The group of tycoon Lucio Tan on Monday signed a $1-billion deal to buy back the 49-percent stake in Philippine Airlines (PAL) from conglomerate San Miguel Corp., ending a two-year-old alliance and regaining management control of the now-profitable flag carrier.

Posted: September 9th, 2014 in Editor's Pick,Headlines | Read More »

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