Business

PH SMC-Holcim acquisition agreement canceled

[ad_1] Conglomerate San Miguel Corp. is no longer moving forward with its $ 2.15 billion acquisition of leading cement maker Holcim Philippines Inc. as the deal expired without obtaining authorization from the Philippine Competition Commission (PCC). SMC told the Philippine Stock Exchange on Monday that its agreement to acquire 85.73 …

Read More »

Ayala Land’s first-quarter earnings fell 41%

[ad_1] L-R from top to bottom: ALI Vice President Jaime Augusto Zobel de Ayala, President Fernando Zobel de Ayala, President Bernard Vincent Dy, Chief Financial Officer Augusto Bengzon at the ALI 2020 Shareholders Meeting via Zoom Real estate giant Ayala Land Inc. saw a 41 percent annual drop in first …

Read More »

ABS-CBN chair defied Charter – The Manila Times

[ad_1] (First of two parts)ABS-CBN Broadcasting Corp. was, for decades, headed by an American citizen, records in the Bureau of Immigration (BI) show, a clear violation of the constitutional statute that media companies must be 100-percent Filipino-owned. Documents obtained by The Manila Times from an unimpeachable source revealed that ABS-CBN …

Read More »