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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......»»
AboitizPower hikes stake in STEAG
Aboitiz Power Corp. has acquired an additional 15.6 percent stake in STEAG State Power Inc., boosting its equity to a majority of 85 percent......»»
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......»»
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......»»
REDC anchor investor buys secondary share stake
This transaction highlights the important differences between primary (new) and secondary (pre-owned) shares. In this case, had TOKAI purchased the stake in primary shares from REDC......»»
MGreen hikes stake in SPNEC
MGen Renewable Energy Inc. a wholly owned subsidiary of Meralco Powergen Corp., has raised its stake in integrated solar developer SP New Energy Corp......»»
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.....»»
Ayala Corp. is interested in selling LRT-1 stake to Villar Group
Bilyonaryo is reporting from a source that Ayala Corp. is interested in selling its 35% stake in Light Rail Manila Corp. to Manny Villar, but that Metro Pacific Investments, AC’s co-investor in LRMC, has a right of first refusal......»»
3 Chinese face raps for using fireworks display on Chinese New Year in Davao City
THREE Chinese nationals in Davao City will face legal cases for violating City Ordinance 060-02, also known as the Firecracker Ban, after their minute-long fireworks display during the Chinese New Year celebration on Friday night, February 9, 2024......»»
Pharma CEO denies illegal marketing, unethical practices
The Bell-Kenz pharmaceutical company does not use the multi-level marketing scheme and sells medicines at a lower cost compared to other brands, cardiologist and chief executive officer Dr. Luis Raymond Go said......»»
Gold watch of richest Titanic passenger sells for $1.46M
LONDON — A gold watch found on the body of the richest passenger on the Titanic was auctioned in England for £1.17 million ($1.46 million) on Saturday. It was a record sum for an object linked to the notorious 1912 shipping disaster, said auctioneers Henry Aldridge & Son. A US buyer won the bidding war,.....»»
RLC sells P8.5 billion shares in REIT unit
Robinsons Land Corp., the diversified real estate firm of the Gokongwei family, has sold P8.49 billion worth of shares in RL Commercial REIT Inc., increasing the listed REIT’s public float to 49.95 percent......»»
Boulevard Holdings sells 1.5-B shares to ownership group
Boulevard Holdings advised that its stockholders approved a measure to increase BHI’s authorized capital stock from 17 billion shares to 18.5 billion shares, and to sell the 1.5 billion shares to a company called Puerto Azul Landn Inc., which is also owned and controlled by the Panlilio family......»»
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......»»
Ayala Land sells P5.6-B worth of AREIT in discount block sale
Ayala Land disclosed that it sold 181 million shares of its subsidiary, AREIT, at P31.10/share which was a 7.2% discount to the previous day’s closing price......»»
Chowking Brings Halo-Halo Land to Cebu for 2024
Chowking has officially done it again. The Filipino-Chinese fast food chain has once again reinvented summer with another year of Halo-Halo Land in partnership with SM Supermalls, showcasing their new super-sangkap, kumpletong lamig-sarap Halo-Halo Supreme. Halo-halo is a Filipino staple. Its variety of ingredients dances on the pallet of your tongue as it gives you.....»»
PH media slam Chinese foreign ministry’s claims of manipulating WPS reports
Philippine media groups criticized the Chinese foreign ministry for suggesting that recent reports on Chinese harassment of Filipino vessels in the West Philippine Sea involved video manipulation and sensationalism to portray the Philippines as a victim. The Foreign Correspondents Association of the Philippines (Focap) and National Union of Journalists of the Philippines (NUJP) expressed offense.....»»
DFA summons Chinese envoy over latest sea confrontation
The DFA said in a statement that the agency summoned the chargé d'affaires of the Chinese Embassy to protest “aggressive actions” by the China Coast Guard (CCG) and Chinese maritime militia against a civilian boat supplying troops stationed at BRP Sierra Madre in Ayungin Shoal. .....»»
Celebrating 50 years of APCU
Last Monday, Feb. 26, 2024, the Association for Philippines-China Understanding celebrated its 50th anniversary at The Manila Hotel. As a new member of this organization, I was honored to meet more friends from the Filipino-Chinese community as well as the Chinese embassy in the Philippines, where it was very touching to be acknowledged for my Chinese roots, being part of the Lim family, as well as for the columns that I continue to write in The Philippine STAR, most especially when the original author of Roses and Thorns was my granduncle, Alejandro Roces......»»