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LANDBANK: 43% of PDS shareholders accept offer

THE LAND BANK of the Philippines (LANDBANK) said shareholders representing 43% of the fixed-income bourse have accepted its offer to buy their shares, with the share purchase agreement (SPA) expected to be signed this week.

LANDBANK says nearly half of PDS shareholders accept share purchase deal

THE LAND BANK of the Philippines (LANDBANK) said that about 43% of shareholders in the Philippine Dealing System Holdings Corp. (PDSHC) have accepted the...

LBC acquires remittance, cargo firms abroad

LBC Express Holdings, Inc. has acquired remittance and cargo companies based in Singapore and Australia with the goal of upping its global revenue. In a...

SBS Philippines acquires properties in Quezon City

SBS Philippines Corp. will continue to diversify through its associate companies by acquiring prime real estate assets in Balintawak and Green Meadows in Quezon...

CitySavings’ bid for PR Savings gets green light

THE BANGKO SENTRAL ng Pilipinas has approved the plan of UnionBank of the Philippines’ savings lending arm to acquire Philippine Resources Savings Bank Corp. (PR Savings) of the Ropali Group.

City Savings Bank gets BSP approval to acquire PR Savings

The Bangko Sentral ng Pilipinas has approved the plan of UnionBank of the Philippines' savings lending arm to acquire Philippines Resources Savings Bank Corp....

PhilWeb buys two new e-Games sites

PhilWeb Corp. has acquired two new gaming sites operated by the Philippine Amusement and Gaming Corp. (PAGCOR) in Cebu City. In a disclosure to the...

Allianz’s deal hunt keeps mart guessing

A $94-BILLION financial behemoth is keeping the market on tenterhooks about its next move.

MPIC unit completes deal for Vietnam water firm

A UNIT of Metro Pacific Investments Corp. (MPIC) has completed the acquisition of a 49% stake in Vietnamese company that will allow its expansion into the Southeast Asian country’s industrial water concessions, the listed company told the stock exchange on Monday.

LTFRB: Uber operations until April 15

By Patrizia Paola C. Marcelo, Reporter The Land Transportation Franchising and Regulatory Board said Uber Philippines (Uber Systems Inc)'s operations as a ride-sharing company or...

Consumer group calls for LTFRB to stop meddling in review of...

Consumer group Laban Konsyumer Inc. on Tuesday told the Land Transportation Franchising and Regulatory Board (LTFRB) to stop meddling in the ongoing review of...

Grab Philippines: Uber app to continue working but with ‘limited functionality’

Uber users in the Philippines will still be able to book rides via mobile application as Grab Philippines announced that the Uber app will...

Grab Philippines willing to cooperate during PCC review

Grab Philippines has assured the Philippine Competition Commission (PCC) of its cooperation in divulging information the anti-trust body may need to complete the review...

Grab to ‘find roles’ for over 500 Uber employees

Grab said it will find roles for Uber employees in Southeast Asia following the upcoming integration of operations with the sale of Uber's operations...

LBC acquires two logistics firms

LBC Express Holdings, Inc. (LBC) is propping up its logistics business with the acquisition of two firms on Tuesday, March 20, valued at a...

PCC approves Chinese firm’s acquisition of Takata Corp

The Philippine Competition Commission (PCC) has approved the acquisition of Chinese firm Ningbo Joyson Electronics Corp. (Joyson Electronics) of Takata Corp., a Japanese firm...

UnionBank to acquire PETNET, Inc.

UnionBank of the Philippines group is set to acquire the controlling stake of transaction network PETNET, Inc. In a disclosure to the local bourse on...

Statement of Goldilocks on scrapped takeover deal with SM Retail

Below is a statement released by Goldilocks President Richard L. Yee on the scrapped acquisition deal with SM Retail: "I would like to confirm reports in the...

Ayala tightens hold on Tutuban Center owner

By Krista A. M. Montealegre, National Correspondent PROPERTY GIANT Ayala Land, Inc. (ALI) tightened its grip on the owner and developer of Tutuban Center in Divisoria...

Cirtek to spend up to $8M for capacity expansion

By Arra B. Francia, Reporter CIRTEK HOLDINGS Philippines Corp. will be spending up to $8 million in capital expenditures (capex) in 2018 to further support its...

BSP approves Landbank acquisition of postal bank

THE central bank has approved the acquisition of the Philippine Postal Savings Bank (PPSB) by Land Bank of the Philippines (Landbank), which intends to...

Harbor Star buys into GenSan solar power plant operator

LISTED logistics company Harbor Star Shipping Services, Inc. has acquired 60% of a solar power plant operator in General Santos City for $6.3 million...

Competition watchdog OK’s Chelsea’s Starlite acquisition

THE PHILIPPINE Competition Commission (PCC) has given the green light for Chelsea Logistics Holdings Corp. (CLC) to acquire domestic shipping firm Starlite Ferries, Inc. In...

Fried chicken king Jollibee chases McDonald’s with US, China hunt

MANILA/SINGAPORE — Jollibee Foods Corp., the fast food chain that controls more than half of the Philippines’ $4-billion market with its signature fried chicken,...

Landbank’s acquisition of Postal Bank gets green light

PHILIPPINE POSTAL Savings Bank (PPSB) has been directed to transfer all its assets, liabilities, records, systems and other appurtenant items to the Land Bank...

PCC approves GBP deal to buy 50% of Alsons unit

THE Philippine Competition Commission (PCC) has approved Global Business Power Corporation’s (GBP) acquisition of a 50% stake in Alsons Thermal Energy Corp. (ATEC), which...

Jollibee said eyeing bid for United Kingdom’s Pret A Manger

HONG KONG -- Jollibee Foods Corp., popular in the Philippines for its sweet-style spaghetti and fried chicken, is exploring a bid for Britain’s Pret...

Uy’s Udenna completes Enderun acquisition

THE HOLDING FIRM of Davao-based businessman Dennis A. Uy has finalized its acquisition of Enderun Colleges, Inc., furthering its foray into the education sector. In...