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More articles about: Lucio Tan

 
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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 the company’s ...
 
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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 continue ...
 
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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 for 2020 ...
 
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Lucio Tan III is the son of Bong Tan.
A grandson of taipan Lucio Tan has just been appointed to a key position in the company that runs Philippine Airlines. Lucio Tan III, son of the late Lucio “Bong” Tan Jr. was named vice president of listed PAL Holdings Inc, according to ...
 
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The next-generation Tans are spearheading an expansion of the conglomerate’s spirits business.
It’s no secret that the world’s bestselling gin is made right here in the Philippines. In 2019, San Miguel Corp. sold nearly 30 million nine-liter cases of its Ginebra San Miguel, far outpacing second-placer British brand Gordon’s (at 6.7 million) and Bombay ...
 
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It’s to help improve the company’s revenue.
Philippine National Bank is selling off three prime properties collectively worth almost $1 billion to help reduce low-earning assets and improve revenue.Top Story: Who Are Philip and Small Laude? The bank owned by billionaire Lucio Tan said it is planning to dispose of a ...
 
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Cavite says it's up to the national government.
Proponents of the $10 billion (P550 billion) were elated when the provincial government of Cavite moved forward with the project by awarding it to a consortium of Filipino and Chinese companies earlier this year. Also read: Is Sharon Cuneta Really A Billionaire? The initial phase ...
 
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Losses wiped out cash infusion of P17.7 billion since last year.
PAL Holdings Inc., the parent company of the nation’s flag carrier Philippine Airlines, reported a comprehensive loss of P22.02 billion in the first six months of 2020. That’s P19.01 billion higher than the P3.01 billion loss it reported in the same period ...
 
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But PNB posted a 64% decrease in earnings during the same period.
Tycoon Lucio Tan’s listed LT Group reported total attributable net income of P10.03 billion in the first six months of 2020, up P790 million or nine percent compared to P9.24 billion during the same period in 2019. The company bucked the downward trend ...
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