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Sale of foreclosed assets nets P118M for PDIC

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The state deposit insurer has raised over P100 million from the sale of foreclosed assets, which will help it fund payouts of claims of depositors who have lost money due to the closure of mismanaged lenders.

Posted: July 5th, 2014 in Headlines | Read More »

BCDA set to bid out 5,000-square-meter lot in Bonifacio South

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Bonifacio Global City. AFP/JAY DIRECTO

The state-run Bases Conversion and Development Authority (BCDA) is set to bid out this month a prime 5,000 square-meter lot at the Bonifacio South area, as part of the government’s asset disposition program.

Posted: May 2nd, 2014 in Latest Business Stories | Read More »

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

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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 »

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