Harry Tan

PNB and Allied Bank Merger Announced Board Members Named

by in Categories Business
Allied Bank PNB Merger

Two of the Philippines largest banks, the Philippine National Bank and the Allied Banking Corporation have finally merged on Monday, February 11, 2013. According to a disclosure to the Philippine Stock Exchange, PNB, the surviving entity in the merger, made an interim set of officers and board of directors installed to serve until successors would … Read more

SMC’s Ramon Ang to buy stake at Lucio Tan’s Philippine Airlines

by in Categories Business, Featured
San Miguel Corporation to Acquire Philippine Airlines

Asia’s oldest airlines and the Philippines flag carrier Philippine Airlines will be on a potential buy-in deal with one of the Philippines’ largest conglomerates, the San Miguel Corporation. SMC President Ramon Ang’s group is interested in buying a controlling stake of the company with market capitalisation of 32.63 billion pesos ($744.4 million). According to the … Read more