Thursday, February 2, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Economy & Trade

PCC clears acquisition of BDO Leasing by Lim’s group

Othel V. CamposbyOthel V. Campos
August 11, 2020, 7:00 pm
in Economy & Trade
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

The Philippine Competition Commission approved the acquisition of BDO Leasing and Finance Inc. by an investor group led by real estate businessmen Vittorio Lim, Victor Lim Jr. and Luis Yu Jr.

The transaction involved the proposed acquisition by the Lims and Yu of 88.84 percent of the total outstanding capital stock of BLFI from BDO Unibank Inc. and subsidiary BDO Capital & Investment Corp. under a share purchase agreement. 

It said it approved the transaction after its Mergers and Acquisitions Office found that the transaction would not result in the substantial lessening of competition in their relevant markets. 

Based on the commission’s market investigation, “there are no horizontal and vertical overlaps between the parties’ respective business activities, pre-and post-transaction.” 

MAO found that the sale of the subsidiary was a part of BDO group’s restructuring in response to new regulations affecting lease transactions and the parties’ portfolio adjustments. 

ADVERTISEMENT

BDO Unibank is a full-service universal bank while BDO Capital is an investment house.

BDO Unibank’s operational portfolio includes corporate and consumer lending, deposit-taking, credit cards, foreign exchange, remittances, brokering, trust and investments and cash management services; while BDO Capital is engaged in the business of securities trading and underwriting, loan syndication, debt and equity placement and financial advisory. 

BDO Leasing and Finance is a publicly-listed company engaged in direct leases, real estate leases, sale and leasebacks in the Philippines. 

PCC is mandated under the Philippine Competition Act to review big-ticket mergers and acquisitions, including joint ventures falling within the thresholds set by the agency to protect the interest of consumers. 

The commission has received 215 notifications, prohibited one anti-competitive merger and approved 197 M&As with a combined value of P3.85 trillion. 

Tags: BDO Leasing and Finance Inc.Luis Yu Jr.PCCPhilippine Competition CommissionVictor Lim Jr.Vittorio Lim
ADVERTISEMENT
Othel V. Campos

Othel V. Campos

Related Posts

BSP expected to increase rate by 25 bps to match Fed action

byJulito G. Rada
February 2, 2023, 7:55 pm
0
8
Policy rate kept at 2% in MB’s last meeting this year

The Bangko Sentral ng Pilipinas may be compelled to match the latest 25-basis-point hike in interest rate by the US...

Read more

National gov’t debt slightly fell to P13.42 billion in December

byJulito G. Rada
February 2, 2023, 7:00 pm
0
8
Revenue collection up 16.6% in November

The government’s total outstanding debt declined to P13.42 trillion as of end-December 2022 from P13.644 trillion in November, thanks to...

Read more

PH, Cambodia eye rice supply deal

byOthel V. Campos
February 2, 2023, 6:55 pm
0
8
Binance’s Changpeng Zhao, the undisputed king of crypto

By Othel V. Campos The Philippines is studying a rice supply deal with Cambodia under an open trade system, according...

Read more

HK economy shrank 3.5% on exports plunge, COVID impact

byAFP
February 2, 2023, 6:45 pm
0
8
Banaag assumes post as Bright Kindle director

HONG KONG, China—Hong Kong’s economy shrank by 3.5 percent in 2022, with exports plunging and the city’s worst-ever coronavirus outbreak...

Read more

Manufacturing index sustained growth in January

byOthel V. Campos
February 1, 2023, 6:55 pm
0
8
Manufacturing index sustained growth in January

The manufacturing industry’s purchasing managers index rose to 53.5 percent in January from 53.1 percent in December 2022, according to...

Read more

PEZA-approved investments grew 83% to P6.4b in January

byOthel V. Campos
February 1, 2023, 6:50 pm
0
8
PEZA expects major investment projects to  seek registration in Q1

Investment pledges approved by the Philippine Economic Zone Authority climbed 83.69 percent in January to P6.39 billion from P3.48 billion...

Read more

Print Edition

View More

Recent Posts

  • Ousted Albay gov seeks SC status quo ante order
  • NHA gives away homes to 216 poor families in Orion, Bataan
  • DFA turns over ATN functions to fledgling DMW
  • DOJ: 2 more complaints vs. Bantag
  • Bill on mental health likely to be approved
  • Mayor’s portrait
  • The Speaker and the new DSWD Chief
  • Protest actions

Advertisement

Latest News

Mayor’s portrait

byNorman Cruz
February 2, 2023, 10:39 pm
0
8
Protest actions

A portrait of Maria Sheilah Honrado Lacuna-Pangan by renowned visual artist and Philippine Navy Reservist CMO2 Kristine Lim PN (Res)....

Read more

The Speaker and the new DSWD Chief

byManny Palmero
February 2, 2023, 10:37 pm
0
8
Protest actions

Newly-appointed Department of Social Welfare and Development (DSWD) Sec. Rex Gatchalian pays a courtesy call on Speaker Ferdinand Martin G....

Read more

Protest actions

byManny Palmero
February 2, 2023, 10:34 pm
0
8
Protest actions

Members of Bagong Alyansang Makabayan hold protest actions at Camp Aguinaldo in Quezon City to oppose the visit of US...

Read more

Solon: Gov’t needs more SIM reg centers

byMaricel Cruz
February 2, 2023, 10:30 pm
0
8
House set to approve SIM card bill

Camarines Sur Rep. Luis Raymund Villafuerte on Thursday proposed an inter-agency panel tasked to accelerate the listing of Subscriber Identity...

Read more

‘Social costs outweigh benefits in allowing POGOs to operate’

byMacon Ramos-Araneta
February 2, 2023, 10:20 pm
0
8
House thru Speaker Romualdez has BBM Bill as priority agenda

Senator Win Gatchalian stressed that the social costs of allowing Philippine Offshore Gaming Operators (POGO) in the country outweigh the economic...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App