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Greenergy sells 60% stake in RE firm for P400M

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greenergy

Publicly listed Greenergy Holdings Inc. has sold its 60-percent stake in renewable energy developer Biomass Holdings Inc. for P400 million.

Posted: April 4th, 2014 in Latest Business Stories | Read More »

Chemphil sale of LMG stake gets court green light

chemphil

The Makati Regional Trial Court has cleared the legal hurdle to Chemical Industries of the Philippines Inc.’s (CIP) sale of a 66 percent stake in subsidiary LMG Chemicals Corp. by quashing the petition of a dissenting shareholder bloc.

Posted: March 25th, 2014 in Latest Business Stories | Read More »

Court’s help sought over Chemphil sale of LMG stake

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chemphil

Stockbroker Ramon M. Garcia, a shareholder and director at Chemical Industries of the Philippines Inc. (Chemphil), has petitioned the Makati Regional Trial Court to stop the company’s sale of its entire 66-percent stake in subsidiary LMG Chemicals Corp. to a new investor.

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

ICTSI completes sale of Cebu unit

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Enrique Razon Jr. FILE PHOTO

Ports operator International Container Terminal Services Inc. (ICTSI) has completed the sale of its controlling stake in Cebu International Container Terminal Inc. for P1.65 billion, a stock exchange filing showed Tuesday.

Posted: January 15th, 2014 in Latest Business Stories | Read More »

BTr to offer securities worth P135B in Q1

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us treasury logo

The government plans to sell P135 billion worth of treasury bills and bonds in the first quarter of the coming year, according to the Bureau of the Treasury.   The amount represents a nearly 10-percent rise from the P122.96 billion worth of government securities sold in the domestic market in the same period of 2013. [...]

Posted: December 29th, 2013 in Editor's Pick,Headlines | Read More »

PDIC puts up 118 ATMs for sale

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The state deposit insurer is putting up 118 automated teller machines (ATM) for sale next month as it liquidates assets seized from banks that were ordered closed by regulators.

Posted: November 20th, 2013 in Headlines | Read More »

Demand for Segways expected to surge

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The Philippine distributor of the popular Segway personal transporter expects a sharp increase in sales for the two-wheeled electric vehicle, given the growing local demand for environmentally friendly modes of transportation.

Posted: September 27th, 2013 in Headlines | Read More »

Digital company buying US publication Newsweek

The once-influential US publication Newsweek is being sold to the all-digital news publisher IBT Media, the company said in a statement.  AP FILE PHOTO

The once-influential US publication Newsweek is being sold to the all-digital news publisher IBT Media, the company said in a statement.

Posted: August 5th, 2013 in Latest Business Stories | Read More »

Bank of Commerce sale to CIMB falls on real estate issues

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In a disclosure to the stock exchange Bursa Malaysia dated June 21, CIMB Group Holdings said the bank would no longer push through with the purchase of a 59.98-percent interest in the Bank of Commerce.  PHOTO FROM CIMB’S FACEBOOK ACCOUNT

The sale of Bank of Commerce by conglomerate San Miguel Corp. (SMC) to Malaysian banking giant CIMB has been officially called off due to unresolved issues on real estate ownership.

Posted: June 24th, 2013 in Latest Business Stories | Read More »

SMC sells BoC stake to CIMB for P12.2B

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Conglomerate San Miguel Corp. has finalized a P12.2-billion deal to sell a controlling stake in Bank of Commerce to Malaysian banking giant CIMB, after resolving property ownership-related snags that had delayed the closing of the deal.

Posted: June 12th, 2013 in Editor's Pick,Headlines | Read More »

Ongpin girds for battle, sells PBCom stake

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Businessman Roberto Ongpin  INQUIRER FILE PHOTO

Former Trade Minister Roberto V. Ongpin sold his stake in Philippine Bank of Communications, citing the need to make a “financial sacrifice” and spare the bank from any backlash that could arise from his legal battle with a ranking central bank official.

Posted: January 6th, 2013 in Editor's Pick,Headlines | Read More »

PLDT selling SPi Global

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The largest Filipino-owned business process outsourcing (BPO) firm, SPi Global Holdings Inc., is set to be acquired by a foreign group as the former’s parent, Philippine Long Distance Telephone Co., looks to pare down its debts.

Posted: December 19th, 2012 in Headlines | Read More »

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