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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 »

PSE suspends trading in Chemrez shares

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AP FILE PHOTO

The Philippine Stock Exchange suspended trading in shares of Chemrez Technologies Inc. on Friday 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 10th, 2014 in Latest Business Stories | Read More »

Asian shares mixed after US jobs, Hong Kong protests subside

Malaysia Financial Market

Asian markets were mixed Monday after a strong US jobs report showed unemployment at a six-year low, while the dollar held on to most of the gains enjoyed at the end of last week.

Posted: October 7th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Hong Kong stocks flat at open

Hong Kong Financial Market

Hong Kong shares opened flat Monday as a strong batch of US jobs data was offset by concerns over a pro-democracy demonstration that has shut parts of the city

Posted: October 6th, 2014 in Latest Business Stories | Read More »

IMI eyes sale of shares

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Integrated Micro-Electronics Inc., the semiconductor and electronics manufacturing arm of the Ayala Group, is selling as much as P3 billion in shares this year at a premium to its market value to fund its expansion and a possible refinancing of debt.

Posted: September 26th, 2014 in Headlines | Read More »

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