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Union Bank gets BSP nod to triple capital

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unionbank

Union Bank of the Philippines has obtained approval from the Bangko Sentral ng Pilipinas (BSP) to triple its authorized capital to P23.1 billion in line with the bank’s goal to become one of the country’s top three banks by 2020.

Posted: October 20th, 2014 in Latest Business Stories | Read More »

Tan consolidates hold on PAL

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Lucio Tan.  INQUIRER FILE PHOTO

Businessman Lucio Tan is offering to buy out the interests of minority shareholders in flag carrier Philippine Airlines and its listed holding firm PAL Holdings Inc.

Posted: October 18th, 2014 in Editor's Pick,Headlines,Latest Business Stories | Read More »

Share prices down

A Filipino trader blows a horn during the last day of trading this year at the Philippine Stock Exchange in the financial district of Makati, south of Manila, Philippines on Friday Dec. 28, 2012. The Philippine Stock Exchange index was up 0.31% or 17.84 points to close at 5,812.73. (AP Photo/Aaron Favila)

Philippine stocks sank on Friday as investors stayed on the sidelines, amid risk-averse sentiments overseas.

Posted: October 18th, 2014 in Editor's Pick,Headlines,Latest Business Stories | Read More »

PSE halts trading of Chemrez shares

By
AP FILE PHOTO

The Philippine Stock Exchange suspended Friday the trading of shares of Chemrez Technologies Inc., following the completion of a tender offer made by food and plastic input manufacturer D&L Industries, which made the former a 99-percent owned subsidiary.

Posted: October 11th, 2014 in Headlines,Latest Business Stories | Read More »

Stocks slip on global woes

A trader looks at the electronic board showing the downward graph of the stocks price index at the Philippine stock exchange. AFP

The local stock index Friday slipped as concerns over Europe’s growth weighed down regional markets.

Posted: October 11th, 2014 in Editor's Pick,Headlines,Latest Business Stories | Read More »

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