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SMC-Lucio Tan showdown over PAL looms

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The alliance between the San Miguel conglomerate and Lucio Tan group in Philippine Airlines is at risk of breaking up, with one group likely to buy out the other and consolidate control of the country’s flag carrier soon.

Posted: July 28th, 2014 in Headlines | Read More »

Biz Buzz: Mar’s man at SEC

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After the appointment of Ephyro Luis Amatong as new commissioner of the Securities and Exchange Commission—an agency under the supervision of the Department of Finance—another new commissioner will be named soon, this time to take over the post of Commissioner Juanita Cueto, who has finished two terms at the corporate watchdog. Cueto was first appointed to the SEC en banc on June 5, 2001.

Posted: May 28th, 2014 in Columnists,Featured Columns,Inquirer Columns | Read More »

Biz Buzz: Manila Bulletin rally

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The demise of the head of a listed company is usually followed by uncertainty over the firm’s future direction which, in turn, leads of investors selling of the company’s stock.

Posted: April 11th, 2014 in Headlines | Read More »

Lucio Tan consolidates control of Victorias

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Lucio Tan.  INQUIRER FILE PHOTO

The group of tycoon Lucio Tan has moved to increase its holdings in Victorias Milling Corp. in a move that is seen to be in line with a strategy to consolidate control of the country’s larges sugar milling company. The group already has management control of the sugar company.

Posted: April 8th, 2014 in Latest Business Stories | Read More »

LT Group net profit down on lower tobacco earnings

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Tycoon Lucio Tan-led conglomerate LT Group Inc. posted a net profit of P8.67 billion last year, 32-percent lower than a year ago on a pro-forma basis, on lower earnings from the tobacco, banking and liquor businesses.

Posted: March 22nd, 2014 in Headlines | Read More »

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