GMA7 buys back PDRs | Inquirer Business
GMA Network Inc. is buying back its Philippine Depositary Receipts (PDR) in a preemptive bid to protect its foreign investors. GMA Network said in a Philippine Stock Exchange filing on…
Phinma buys Rizal College of Laguna
PHINMA Education Holdings, Inc. (PEHI), the education services subsidiary of PHINMA Corp., acquired a controlling stake in Rizal College of Laguna Inc., the eighth in its local education network. PEHI…
BDO buys out Nomura’s stake in PH stock brokerage
BDO prexy Nestor Tan The country’s largest lender, BDO Unibank Inc. (BDO), will buy out the 49 percent stake held by Japanese conglomerate Nomura Holdings Inc. in their Philippine stock…
Asian stocks follow Wall Street higher after Fed ups bond buys
TOKYO — Asian shares rose Tuesday, cheered by fresh moves by the U.S. Federal Reserve to support markets battered by the coronavirus pandemic. A man wearing a face mask to…
Sumitomo buys into MPIC’s railway business
Light Rail Transit (LRT) Line 1. FILE PHOTO Infrastructure holding firm Metro Pacific Investments Corp. has taken Japanese conglomerate Sumitomo Corp. as a strategic partner in its elevated railway business…
CEO buys ailing New Zealand media giant for one dollar
WELLINGTON — Struggling New Zealand media giant Stuff Limited was sold in a management buy-out deal for the symbolic fee of NZ$1.00 (US$0.61), the group’s Australian owners Nine Entertainment announced…
SMC buys 69M kilos of corn as farmers struggle with sales
Conglomerate San Miguel Corp. (SMC), a leading local food and beverage producer, continued to help alleviate the challenges brought about by the new coronavirus disease pandemic to the agriculture industry…
SEA Diner buys into Del Monte PH
Campos family-led food conglomerate Del Monte Pacific Ltd. (DMPL) has consummated a deal to sell 12 percent of its Philippine business to SEA Diner Holdings Pte Ltd , a Singapore-based…
Japanese group buys 10% of MPIC’s Indonesian tollroad unit
Metro Pacific chair Manuel V. Pangilinan and chief finance officer David Nicol The Metro Pacific group led by businessman Manuel V. Pangilinan has sold a 10.32 percent stake in Indonesian…