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Union Bank finalizes takeover of Cebu thrift bank

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citysavings blogo

Aboitiz-led Union Bank of the Philippines has obtained board approval to take over 99.54 percent of 32-branch Cebu-based thrift bank City Savings Bank (CitySavings) for P5.7 billion.

Posted: February 7th, 2013 in Latest Business Stories | Read More »

Proposed gov’t takeover of MRT line up for Palace OK

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The proposed government takeover of the Metro Rail Transit (MRT) train line, which deviates from the existing policy of privatizing infrastructure projects, is now up for the President’s approval.
Transportation and Communications Secretary Joseph Emilio Abaya on Thursday said the MRT takeover, spearheaded by the Department of Finance, was now “in its advanced stages and just a few steps away from fruition.”

Posted: November 23rd, 2012 in Headlines | Read More »

Gov’t to buy out MRT 3 owners

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An MRT 3 train waits for more passengers at the starting station in Pasay City on Oct. 20,2012. The government is preparing to take over the MRT line 3 as it draws up plans to buy out private groups invested in the commuter train system.  PHOTO BY RICK ALBERTO

The government is preparing to take over the Metro Rail Transit (MRT) line 3 as it draws up plans to buy out private groups invested in the commuter train system.

Posted: October 23rd, 2012 in Editor's Pick,Headlines | Read More »

MPIC acquires controlling stake in Asian Hospital from Thai group

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Asian Hospital

Infrastructure holding firm Metro Pacific Investments Corp. has inked a deal to acquire the controlling stake of Thai hospital group Bumungrad in the upscale 219-bed Asian Hospital in Filinvest Corporate City, Alabang.

Posted: November 8th, 2011 in Latest Business Stories | Read More »

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