Business Deals

Italy and China sign business deals worth USD10-B

MILAN/ROME - Italy and China signed business deals worth about 8 billion euros (USD10 billion) on Tuesday in sectors ranging from energy to engineering, deepening Beijing's commercial ties with the euro zone's No. 3 economy.

MPIC: We've been approached about PAL

The Lucio Tan group has approached Manual V. Pangilinan and Metro Pacific Investment for a possible "investment" in Philippine Airlines.

PAL in sale talks with San Miguel

MANILA, Philippines - Philippine Airlines (PAL) said Friday it was in talks to sell a stake in the loss-making flag carrier to local conglomerate San Miguel.

San Miguel says may sell part of power unit

MANILA, Philippines - Diversified conglomerate San Miguel Corp. said on Thursday it is in talks with investors interested in acquiring a portion of its power unit after it deferred a planned $850 million public offer due to market volatility.

Globe welcomes approval of PLDT-Digitel deal

MANILA, Philippines - Globe Telecom Inc., the country's second-largest telecommunications player, has welcomed the approval of Philippine Long Distance Telephone Co.'s (PLDT) acquisition of Digital Telecommunications Philippines Inc. (Digitel) on two conditions set by regulators.

Malaysia's CIMB in talks with San Miguel for bank stake

KUALA LUMPUR/MANILA - Malaysia's second-largest bank CIMB Group said on Thursday it was in early talks to acquire a stake in unlisted medium-sized Philippine lender Bank of Commerce from Philippine conglomerate San Miguel group.

Jollibee acquires major stake in Burger King

MANILA, Philippines

(UPDATE)

- Fast food giant Jollibee Foods Corp. has agreed to buy a major stake in the firm that operates the Burger King franchise in the country for P65.5 million.

Ongpin: I was a technocrat, not crony

Businessman Roberto V. Ongpin recently sat down with Pia Hontiveros for an interview on ANC's Strictly Politics. He talked about his struggles during the Martial Law years, his return to private life, the DBP loan and why he "resents" being called a Marcos crony.