The group of Lucio Tan had sealed a deal with San Miguel Corporation to buy back the Philippine Airlines (PAL). The deal was done Tuesday, September 9, 2014. Lucio Tan is a Chinese-Filipino businessman. His interests are in banking, airline, tobacco, liquor and the real estate industries. He is known to be one of the … Read more
The richest Filipinos in the country, together with their respective companies and corporations made a huge donations to the victims of the super typhoon Yolanda that hits the central provinces of the Visayas region last week. The Philippines’ billionaire are generous enough, contributing in cash and in kind donations to the m(–foul word(s) removed–)ive relief … Read more
The Philippines richest men were already revealed by world-renowned Forbes magazine. The Top 50 richest people in the Philippines is still dominated by shopping magnet Henry Sy. The Philippines richest men Henry Sy increased it’s net worth to $12 billion, a $2.9 billion increase from last year. Here’s the Forbes list of the richest people … Read more
One of the Philippines leading business tycoon Lucio Tan, has reportedly sold his remaining shares in the country’s flagship air carrier, Philipppine Air Lines which leaves conglomerate San Miguel Corp. full control. According to a news report from Philippine Daily Inquirer, San Miguel bought Lucio Tan’s 51% stake of the Philippine airlines, with the deal … Read more
Forbes Magazine have already released the 2013 List of World’s Richest Billionaires which includes some of the Filipino businessman. Mall tycoon Henry Sy led the Philippine’s list of billionaires which as a net worth valued at $13.2 Billion. The 88-year-old Filipino-Chinese, Henry Sy and Family ranked 68th on the global billionaire’s list. He was way … Read more
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
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
Forbes Magazine recognized the business tycoon Henry Sy as the wealthiest man in the Philippines owning at least $7.2 billion at present. Forbes yearly features the list of wealthiest man in the world after analysing individual monetary information along with their public documents as well as their private business (–foul word(s) removed–)ets. Henry Sy, 86, was … Read more
