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Leviste keeping stake in SPNEC
Businessman Leandro Leviste intends to continue playing a key role in SP New Energy Corp. despite the recent takeover of the group of tycoon Manuel V. Pangilinan in the company......»»
The future NAIA
A world-class Ninoy Aquino International Airport is soon to become a reality following the takeover of the airport by the San Miguel Corp.-led consortium by Sept. 14 this year, according to Transportation Secretary Jaime Bautista......»»
UnionBank income plummets in Q1
Union Bank of the Philippines booked a net income of P2 billion in the first quarter, down by 41.2 percent from the same period a year ago, as the bank continued to allocate resources toward its takeover of the retail banking business of global banking giant Citi in the Philippines......»»
NAIA deal signing set in Malacañang on Monday
Diversified conglomerate San Miguel Corp. will get the blessing of no less than President Marcos in its takeover of the Ninoy Aquino International Airport as the Chief Executive is expected to witness the signing of the concession on Monday......»»
Haiti: Urgent Action Needed amid Growing Lawlessness
(Washington, DC) - Haiti is on the brink of a total collapse or takeover of the state as violent criminal groups seeking to overthrow the government have attacked police officers and state institutions, including prisons, Human Rights Watch said today. The groups' actions have brought economic activity, the delivery of life-saving humanitarian assistance, and nearly.....»»
The best is yet to come
With the situation turning from bad to worse at the Ninoy Aquino International Airport (NAIA), it’s not surprising that there is growing anticipation for the takeover by the San Miguel Corp. (SMC) group of NAIA’s rehabilitation and operation......»»
Aboitiz Equity Ventures closed transaction to acquire 40% interest in Coca-Cola PH
The takeover of Coca-Cola Beverages Philippines Inc. by Aboitiz Equity Ventures and Coca-Cola Europacific Partners has closed upon completion of “all conditions precedent” to the transaction......»»
A glance at government s windfall from SMC’s NAIA takeover
The winning bid of the San Miguel Corp.-led consortium for the Ninoy Aquino International Airport translates to a government revenue share of P911.1 billion over a 25-year period, significantly higher than the other bidders’ revenue share offer of between P342.1 billion and P416.9 billion over the same period......»»
‘Hostile takeover 101’
Never come between a sabungero and his chickens or there will be hell to pay!.....»»
The deal of the century
That is how San Miguel Corporation’s takeover of the operations and management of the Ninoy Aquino International Airport in the next 25 years turns out to be......»»
‘Higher NAIA passenger fees loom upon private takeover’
Filipinos should brace for higher passenger service charges of as much as 95 percent at the Ninoy Aquino International Airport when its management goes to the hands of a private group......»»
UnionBank profit down 28 percent to P9.2 billion in 2023
The earnings of Union Bank of the Philippines dropped by 27.8 percent to P9.2 billion in 2023 from P12.74 billion in 2022, as the listed bank booked higher provisioning and integration costs from the takeover of the retail banking business of global banking giant Citi in the Philippines......»»
MGen completes takeover of SPNEC
MGen Renewable Energy Inc., a subsidiary of Manila Electric Co., has completed its P15.9- billion investment in SP New Energy Corp.......»»
Rodrigo Duterte denies leading destab: ‘I’m fine with Marcos’
Former President Rodrigo Duterte denied holding meetings with military officials on rumored destabilization plots against President Ferdinand Marcos Jr......»»
Trillanes files cyber libel, libel raps vs Roque, SMNI hosts, pro-Duterte vloggers
Former Sen. Antonio Trillanes IV on Tuesday filed libel and cyber libel charges against former presidential spokesman Harry Roque, pro-Duterte vloggers and hosts of Sonshine Media Network International over persistent attacks and "fake news"......»»
China warns Philippines over explusion of its diplomats amid South China Sea row
Beijing [China], May 11 (ANI): Following the Philippines' call for the expulsion of Beijing's diplomats, China's Ministry of Foreign Affairs warned Manila government and said that "any hasty action" could "potentially harm" the Philippines amid territorial tensions in the South-China Sea, reported by The Manila Times. Lin Jian, spokesman for China's Foreign Ministry, issued the statement after Defence Secretary Gilberto T.....»»
DA backs allowing NFA to sell rice in markets
The Department of Agriculture supports the move of Speaker Martin Romualdez to amend the Rice Tariffication Law (RTL) to allow the National Food Authority (NFA) to sell rice in the markets, DA Assistant Secretary and spokesman Arnel de Mesa said yesterday......»»
Seeing ‘red’ all over the places
“The Chinese government has always said there is a red line,” the PCG spokesman for WPS cited......»»
Xinhua world news summary at 0630 GMT, April 30
KABUL -- Six people were shot dead and another was injured following an attack at a mosque by gunmen in west Afghanistan's Herat province on Monday evening, spokesman for the Ministry of Interior Mufti Abdul Mateen Qani said Tuesday. The deadly incident happened after a shooter opened fire on worshippers offering evening prayers in the Shahrak area, Gozara district of the province, Qani posted on his X account......»»
China threatens US with response to missile deployment
Beijing has accused Washington of undermining peace and stability in the Asia-Pacific regionBeijing has condemned Washington's deployment of intermediate-range missiles in the Asia-Pacific region and will take all effective measures to prevent the US from "messing up" the South China Sea, Chinese Defense Ministry spokesman Wu Qian said on Thursday.His comments come after the US kicked off.....»»