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More articles about: Lucio Tan
LT Group, Inc. has built a diversified portfolio across banking, tobacco, distilled spirits, beverages, and property development. But the stock is currently far below its previous historical highs.
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The Founder and Chairman of LT group, Tan's journey from being a janitor to being on top of the Philippines' richest list is a testament to his perseverance. Here's everything we know about Taipan Lucio Tan.
Lucio Tan has been a mainstay of the Philippines' business elite since the '70s for a reason. An immigrant from the Fujian Province in China, Tan's life story tells us about sheer will, as well as the power of keeping the ...
Cheers!
Tanduay Rum bested all others to claim the top spot of The Spirits Business ranking of the top 10 bestselling rums in the world. The rum business of tycoon Lucio Tan's LT Group sold 27.4 million nine-liter cases in ...
The third-generation Tans are here.
Just a little over a week after the appointment of his brother, Lucio III, it has been announced that another one of Lucio Tan's grandsons, Kyle C. Tan, is set to become president and CEO of the Tans' property arm Eton ...
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It’s a deal.
Tanduay Distillers Inc has sold its Asian Alcohol Corporation (AAC) unit to listed Victorias Milling Company (VMC), the LT Group subsidiary announced on Friday (September 2). According to a disclosure to the Philippine Stock Exchange, VMC will pay P2.210 billion for ...
He’s 30 years old.
Lucio Tan III, the 30-year-old grandson and namesake of the Filipino-Chinese tycoon who owns and controls Philippine Airlines (PAL), Fortune Tobacco, Asia Brewery, and many others, has been named vice chairman and COO of the LT Group. The announcement ...
Happy 81st birthday PAL.
Philippine Airlines first took to the skies on March 15, 1941, making it the oldest airline in Asia that is still known by its original name. On its 81st year, the nation's flag carrier is embarking on an ambitious transformation that ...
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A new era for PAL.
After days of speculation, Philippine Airlines has officially named a new president to replace outgoing chief Gilbert Santa Maria. In an announcement on Monday (January 31), the nation's flag carrier said it has appointed Stanley K. Ng, SVP for Airline Operations, ...
Third time’s the charm.
A proposal by the consortium led by Lucio Tan and the Yuchengco family to develop Sangley Airport has been accepted by the provincial government of Cavite. SPIA Development Consortium was awarded original proponent status (OPS) for its $10.9-billion (P556.28 ...
Take three.
After two failed attempts to develop Sangley Point International Airport (SPIA), a new consortium led by taipan Lucio Tan and the Yuchengco family have submitted a new unsolicited proposal to the provincial government of Cavite. The proposed partnership worth $10.9 billion ( ...
The grandson also rises.
When Philippine Airlines announced its Chapter 11 bankruptcy filing and financial restructuring plan, it did so through a video that laid out all its cards on the table. One by one, the flag carrier's top officials appeared on camera and explained ...
But PAL will continue to operate.
Philippine Airlines has officially filed for Chapter 11 bankruptcy in the U.S. and has simultaneously executed a supporting filing under the Financial Rehabilitation and Insolvency Act in the Philippines. The twin filings are meant to ensure that the flag carrier will ...
PAL is still in the red.
The troubles aren't over for the country's legacy carrier Philippine Airlines. Earlier this week, the company reported that it had returned two aircrafts to their lessor last July. In addition, its new aircraft delivery schedule that had originally been scheduled ...
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