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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......»»

Category: financeSource: philstar philstarMar 22nd, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

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’”......»»

Category: financeSource:  philstarRelated NewsFeb 29th, 2024

SPNEC confirms plans to sell 40% stake in Terra Solar project to foreign investors

SP New Energy, now a Meralco subsidiary under Manny V. Pangilinan’s chairmanship, confirmed reports that it plans to sell “up to 40% equity stake in the Terra Solar” project......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 22nd, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

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......»»

Category: newsSource:  philstarRelated NewsApr 2nd, 2024

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)......»»

Category: financeSource:  philstarRelated NewsMar 11th, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2024

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.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 3rd, 2024

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.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 3rd, 2024

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,.....»»

Category: newsSource:  inquirerRelated NewsApr 21st, 2024

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......»»

Category: financeSource:  philstarRelated NewsFeb 27th, 2024

Gwen: No ‘ayuda’ despite state of calamity in entire province

CEBU CITY, Philippines – Cebu Governor Gwen Garcia does not intend to give ‘ayuda’ or dole outs despite declaring a state of calamity in the entire province on Friday, May 17. The governor placed the entire province under a state of calamity after receiving reports of huge damages to agriculture amounting to over P176 million.....»»

Category: newsSource:  inquirerRelated NewsMay 18th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 12th, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 21st, 2024

BPI, DSWD teach 4Ps beneficiaries how to save

BPI, DSWD teach 4Ps beneficiaries how to save.....»»

Category: newsSource:  philstarRelated NewsApr 8th, 2024

BPI, DSWD teach 4Ps beneficiaries how to save

BPI, DSWD teach 4Ps beneficiaries how to save.....»»

Category: newsSource:  philstarRelated NewsApr 8th, 2024

BPI, DSWD teach 4Ps beneficiaries how to save

BPI, DSWD teach 4Ps beneficiaries how to save.....»»

Category: newsSource:  philstarRelated NewsApr 8th, 2024

BPI, DSWD teach 4Ps beneficiaries how to save

BPI, DSWD teach 4Ps beneficiaries how to save.....»»

Category: newsSource:  philstarRelated NewsApr 8th, 2024

BPI strengthens partnership with ACEN to promote renewable energy

BPI strengthens partnership with ACEN to promote renewable energy.....»»

Category: newsSource:  sunstarRelated NewsFeb 20th, 2024