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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 »

Henry Sy again tops list of 50 richest Filipinos

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richest-pinoys--

Forbes magazine on Thursday released the list of the 50 richest Filipinos for 2014.

Posted: August 29th, 2014 in Latest Business Stories | Read More »

PAL for the course

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Whether or not the family of taipan Lucio Tan would make good on their tender to get back the whole of Philippine Airlines from San Miguel, the financial markets would probably consider it as an insignificant development for San Miguel.

Posted: August 21st, 2014 in Columnists,Featured Columns,Headlines,Inquirer Columns | Read More »

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