Tanduay unveils new team in MPBL ABS-CBN NewsPosted at Apr 23 05:40 PM Tanduay is renaming the team Batangas City Embassy Chill at it fields a new squad in the MPBL. Read more »
Tobacco industry sticks to game plan amid the pandemic Chi Liquicia, VERA FilesPosted at Apr 15 06:09 PM In the middle of a deadly health crisis, the tobacco industry scored a win in the country, sticking to a tried and tested playbook to protect its interests. Read more »
MacroAsia says invited in consortium for Sangley Airport ABS-CBN NewsPosted at Jan 12 12:20 PM MacroAsia Corp on Wednesday reiterated it has been invited as a non-equity partner in a consortium for the $10 billion Sangley Airport project in Cavite. Read more »
'Crackdown on cigarette smuggling must intensify with tax' ABS-CBN NewsPosted at Jan 06 11:43 AM The crackdown on smuggled cigarette products should also increase as the government imposes another tax hike on tobacco products, a stakeholder said. Read more »
Lucio Tan's LT Group posts P9.95B net income for Jan to Sept ABS-CBN NewsPosted at Nov 12 04:30 PM LT Group Inc said Friday its attributable net income for the first 9 months of 2021 hit P9.95 billion, lower by 38 percent compared to the P16.10 billion in the same period last year. Read more »
MacroAsia says invited as member in consortium for Sangley Airport project ABS-CBN NewsPosted at Nov 08 01:10 PM Lucio Tan's MacroAsia Corp said Monday it was invited to become a non-equity partner in a consortium proposing to develop the Sangley Airport in Cavite. Read more »
Lucio Tan's LT Group donates vaccine doses to Pasig ABS-CBN NewsPosted at Nov 04 06:12 PM LT Group Inc has donated 15,000 doses of AstraZeneca and Moderna vaccines to Pasig City through its Mayor Vico Sotto. Read more »
Lucio Tan throwing $505 million lifeline to PAL ABS-CBN NewsUpdated as of Oct 27 06:33 PM Tycoon Lucio Tan’s Buona Sorte Holdings will infuse $255 million in fresh capital into PAL, and extend the ailing airline a $250 million loan. Read more »
PAL says 'business as usual' after Chapter 11 ABS-CBN NewsPosted at Sep 06 02:37 PM PAL, Asia’s oldest airline, said it is business as usual for the company's employees, customers, suppliers, commercial partners, and local communities. Read more »
PAL announces restructuring amid pandemic impact Job Manahan, ABS-CBN NewsPosted at Sep 04 12:27 PM The Philippine Airlines (PAL) on Saturday announced its financial restructuring plan under the US bankruptcy code's Chapter 11. Read more »
LT Group income down 63 pct to P3.73-B in H1 ABS-CBN NewsPosted at Aug 11 03:42 PM LT Group on Wednesday said its attributable net income for the first 6 months of the year declined by 63 percent to P3.73 billion compared to the same period last year. Read more »
PAL says undergoing 'restructuring' amid reports it would file for Chapter 11 in US ABS-CBN NewsUpdated as of May 11 11:19 PM PAL said on Tuesday it is working on a comprehensive restructuring plan following reports that it is seeking court protection from creditors in the United States. Read more »
Tycoon Lucio Tan stable, recovering after hospitalized for COVID-19 ABS-CBN NewsPosted at Apr 18 12:46 AM MANILA - Business tycoon Lucio Tan is now stable and is recovering after being admitted to a hospital for COVID-19, his daughter said late Saturday. Read more »
Big businesses mount relief ops for victims ravaged by Rolly ABS-CBN NewsPosted at Nov 03 04:49 PM Some of the country’s biggest corporations are pitching in to help thousands of victims of super typhoon Rolly, the strongest storm worldwide so far this year, which cut a swath of destruction across Southern Luzon. Read more »
Asia Brewery, Heineken joint venture shifts to produce, distribute products in PH ABS-CBN NewsPosted at Oct 14 11:23 AM The LT Group Inc said Wednesday it approved the transition between its beer unit Asia Brewery and AB Heineken Philippines Inc from a joint venture to a new partnership structure that will produce and distribute Heineken products in the country. Read more »
Sangley Airport proponents get 90-day extension to submit requirements ABS-CBN NewsPosted at Sep 24 02:41 PM The Filipino-Chinese consortium, which won the bid to build the Sangley Airport, said its request for a 90-day extension of the deadline to submit requirements has been granted by the Cavite provincial government. Read more »
Tycoon Lucio Tan's spouse Letty passes away ABS-CBN NewsUpdated as of Sep 01 01:57 PM Tycoon Lucio Tan's wife Lucia "Letty" Gonzales Tan passed away, her family confirmed Tuesday. She was 77. Read more »
Lucio Tan group bucks pandemic, posts higher net income as tobacco sales rise ABS-CBN NewsPosted at Aug 11 05:42 PM LTG, which has interests in tobacco, alcoholic drinks, banking and real estate among others, said its tobacco unit accounted for P8.18 billion or 82 percent of the income. Read more »
Experts question Duterte's claim he 'dismantled' oligarchy in PH ABS-CBN NewsUpdated as of Jul 15 07:01 AM MANILA - Experts on Tuesday questioned what President Rodrigo Duterte meant when he said he has “dismantled the oligarchy” in the Philippines without having to declare martial law. Read more »
Tycoon Lucio Tan’s LT Group 'guarded' on growth as virus saps demand ABS-CBN NewsUpdated as of Jun 30 10:05 PM Tycoon Lucio Tan’s LT Group on Tuesday said it is maintaining a “guarded” outlook this year, as the pandemic saps demand for its products. Read more »