Less than two months before the deadline set by the Philippine Stock Exchange (PSE) for publicly traded companies to comply with the minimum public ownership rule, several firms are opting for a delisting instead and are currently in the process of making a tender offer.
It’s confirmed: Ramon Ang of San Miguel Corporation (SMC) is interested in acquiring a substantial interest in the country’s carrier Philippine Airlines. Ang himself confirmed this in a report by ABS-CBN News. San Miguel Corp. is said to be in the middle of due diligence
Manny V. Pangilinan (MVP) is on a buying spree. Through his holding firm Metro Pacific Investments Corp. (MPI), MVP acquired the following: telecommunication company PLDT in 1988; water concessionaire Maynilad in 2006; the Manila North Tollways in 2008; the Philippines’ largest mining company Philex in
And now there are eleven. From five (5) Pinoy billionaires in last year’s list of the 40 Richest People in the Philippines, the 2011 Forbes magazine’s list of Filipino billionaires now has a total of eleven (11). The five billionaires from last year are still
Last year, we posted a list of the Top 10 Banks in the Philippines, based on total assets and deposits at year-end 2008. We now bring you the list of the Largest Banks in the Philippines, in terms of assets, deposits, and net income, as
The 2010 list of Richest People in the Philippines is once again dominated by old-timers but they are much wealthier now compared to last year. For three consecutive years now, Henry Sy of SM Malls remains to be the country’s richest and also the year’s
In this day and age, can you really judge a person’s financial capability based merely on appearance? Some staff of Banco de Oro (BDO), one of the country’s leading banks, seem to think they can. Several PMT members narrated in the forum’s Discriminating BDO bank
The SM Advantage Card program is playing tricks on us — and it’s not at all amusing. Last week, we wrote that SM Advantage Card (SMAC) is automatically enrolling members into the Philam Personal Accident Insurance Program by automatically debiting 20 points from one’s account.