BEIJING—Underlining the trade and investment slant of his state visit to China, President Benigno Aquino III arrived here with a 270-strong business delegation, including the Philippines’ top industry leaders. It is the biggest business contingent of Mr. Aquino’s foreign trips. John Gokongwei, Jr., founder and chair emeritus of JG Summit Holdings, Lucio Tan, founder and [...]
The Filipino rich are richer than ever thanks to the “booming” stock market, and mall magnate Henry Sy remains on top for the fourth year in a row, according to the latest list by Forbes magazine. It said the stock market boom expanded the Philippines’ billionaires’ list to a record 11, with the combined wealth [...]
A string of resignations has hit Philippine Airlines (PAL), forcing the Lucio Tan-led flag carrier to hire about 60 new customer service agents (CSA) to man check-in counters at local airports. This comes amid an ongoing labor dispute that has stalled PAL’s plan to outsource most of its ground services. “The flag carrier intends to [...]
The Presidential Commission on Good Government (PCGG) has asked the Sandiganbayan to allow it to include the Philip Morris Fortune Tobacco Corp. (PMFTC) and its officials as defendants in the ongoing forfeiture case against tycoon Lucio Tan. Tan’s Fortune Tobacco Co. (FTC), which is part of the forfeiture case, earlier merged with Philip Morris to [...]
Indigenous leaders from Palawan on Monday night condemned what they said was the use of “fake” tribal leaders by MacroAsia Corp. and the National Commission on Indigenous Peoples (NCIP) to undermine procedures for the approval of mining operations in protected tribal lands. In a press conference at the House of Representatives, the tribal leaders decried [...]
