BPI to sell its entire 15% GoTyme Bank stake back to the Gokongweis
Zobel Family banking unit BPI disclosed that its board of directors has approved the sale of BPI’s stake in GoTyme Bank to a subsidiary of JG Summit and a company called Giga Investment Holdings Pte. Ltd. at a price of P1.20/share......»»
BPI sells shares in GoTyme Bank
The Bank of the Philippine Islands sold its 752 million common shares of GoTyme Bank Corp. to GoTyme Financial Pte. Ltd. and Giga Investment Holdings Pte. Ltd, the bank said yesterday......»»
PAL denies that it has started the groundwork to sell a minority stake to strategic investor
Philippine Airlines issued a clarification to a news article that claimed PAL was looking to sell a 20% to 25% minority stake to a strategic investor, and that PAL “recently formed a team to ‘receive some offers’”......»»
Metro Pacific exploring purchase of Ayala Corp.’s LRT-1 stake
Back in mid-January, news broke that Ayala Corp. was looking to sell its 35% stake in Light Rail Manila Corp. to the Villar Group, but that AC’s co-investor, Metro Pacific Investments, had the right of first refusal under its shareholders agreement......»»
MPTC to sell stake in Vietnam firm
Metro Pacific Tollways Corp. (MPTC) will sell its Vietnam operations for at least P4 billion to simplify its business structure in preparation for the possible merger with the toll road operations of San Miguel Corp. (SMC)......»»
Germany mulling sale of stake in top gas importer - Bloomberg
Uniper was nationalized after facing 40 billion in losses due to the halt in Russian gas supplies The German government is preparing to sell part of its 99% stake in the country's main gas importer Uniper, which was bailed out during the energy crisis of 2022, Bloomberg reported on Wednesday, citing people familiar wi.....»»
Germany mulling stake sale in major gas importer - Bloomberg
Uniper was nationalized after facing 40 billion in losses due to the halt in Russian gas supplies The German government is preparing to sell part of its 99% stake in the country's major gas importer Uniper, which was bailed out during the energy crisis in 2022, Bloomberg reported on Wednesday, citing people familiar w.....»»
US House votes for possible TikTok ban if Chinese owners don’t sell
WASHINGTON — The House passed legislation Saturday that would ban TikTok in the United States if the popular social media platform’s China-based owner doesn’t sell its stake within a year, but don’t expect the app to go away anytime soon. The decision by House Republicans to include TikTok as part of a larger foreign aid package,.....»»
PAL revives stake sale to investors
Taipan Lucio Tan has revived plans to sell a significant stake in Philippine Airlines (PAL) to a strategic investor who could help the flag carrier soar to even greater heights, industry sources said......»»
BPI renews alliance with Mizuho Bank
The Bank of the Philippine Islands has renewed its alliance with Japan’s Mizuho Bank Ltd., expanding and strengthening the scope of business cooperation between the two banks......»»
BPI unit targets to onboard more wealthy clients
The wealth management arm of Ayala-led Bank of the Philippine Islands (BPI) aims to onboard more clients with high to ultra-high net worth by the end of the year......»»
BPI to hold annual stockholders meeting on April 23
Notice is hereby given that the annual meeting of stockholders of Bank of the Philippine Islands (BPI) will be conducted virtually on April 23......»»
The Wallenberg sphere
Marcus Wallenberg, the chairman of Swedish bank Skandinaviska Enskilda Banken, Saab AB, Wallenberg Investments AB, FAM AB, Patricia Industries and The Royal Swedish Academy of Engineering Sciences, quietly flew to Manila last week for a quick three-day visit to renew ties with Philippine government officials and meet with members of top conglomerates the Ayala Group, the Aboitiz, the Gokongweis, the Sys and the Lopezes......»»
BPI AIA named best life insurer in Philippines
BPI AIA Life Assurance Corp. has been recognized as the best life insurance company in the Philippines......»»
BPI, DSWD teach 4Ps beneficiaries how to save
BPI, DSWD teach 4Ps beneficiaries how to save.....»»
BPI, DSWD teach 4Ps beneficiaries how to save
BPI, DSWD teach 4Ps beneficiaries how to save.....»»
BPI, DSWD teach 4Ps beneficiaries how to save
BPI, DSWD teach 4Ps beneficiaries how to save.....»»
BPI, DSWD teach 4Ps beneficiaries how to save
BPI, DSWD teach 4Ps beneficiaries how to save.....»»
BPI strengthens partnership with ACEN to promote renewable energy
BPI strengthens partnership with ACEN to promote renewable energy.....»»
Davao Oriental under state of calamity
The entire province of Davao Oriental has been declared under a state of calamity following the impact of the shear line, allowing the provincial local government unit to access its Quick Response Fund for rehabilitation efforts. The unanimous resolution was approved during a regular session in Sangguniang Panlalawigan, based on comprehensive assessment and recommendation from the Provincial Disaster Risk Reduction and Management Council and Governor Niño Uy. This declaration is crucial for providing emergency aid to the affected constituents and enforcing price control on essential items. Rapid Disaster Assessment and Needs Assessment reports indicate that around 63,337 families are affected, with 645 families and 1,830 individuals currently displaced and in evacuation centers. The damages in agriculture, fisheries, and livestock are estimated to be significant. Several municipalities have already declared a state of calamity, and the entire province is yet to announce its final assessment on the value loss in agriculture. This declaration aims to expedite rehabilitation and recovery plans to restore normalcy in the affected areas......»»
MPIC to pursue buyout of Ayala stake in LRT-1
Metro Pacific Investments Corp. plans to buy out the 35 percent stake of the Ayalas in the operator of Light Rail Transit Line 1 to beef up MPIC’s portfolio for its eventual bid for other railways......»»