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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 »

PH conglomerates urged to tap UK institutions

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British Ambassador Asif Ahmad is urging diversifying Filipino businessmen to turn to the United Kingdom for fresh opportunities, including new inventions and startup projects from the laboratories of British universities and research institutions.

Posted: September 15th, 2014 in 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 »

Ang on the verge of sealing GMA deal

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San Miguel Corp. president Ramon Ang is expected to seal a deal to acquire a minority stake in television broadcast firm GMA Network Inc. by early September, or as soon as “essential” aspects of the transaction have been agreed upon, GMA chair and CEO Felipe Gozon said Thursday.

Posted: August 15th, 2014 in Headlines | Read More »

SMC swings to P18.4-B profit in H1

Conglomerate San Miguel Corp. chalked up a six-month net profit of P18.4 billion, a turnaround from the P2.4-billion loss in the same period last year, as its power and fuels businesses grew at a double-digit pace alongside the steady expansion of traditional food and beverage businesses.

Posted: August 12th, 2014 in Headlines | Read More »

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