Thursday, May 21, 2026
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Tag: Lucio Tan

PNB eyeing new license to operate a digital bank

Philippine National Bank, the fifth-largest lender in terms of assets controlled by tycoon Lucio Tan, is eyeing a new banking license from the Bangko...

Market retreats on Fitch’s rating outlook downgrade

The stock market slumped Tuesday in knee-jerk reaction to the move of Fitch Ratings to revise its credit rating outlook on the Philippines to...

PNB’s net profit increased by 34% to P1.8B in 1st quarter

Philippine National Bank, the fifth-largest lender in terms of assets and owned by tycoon Lucio Tan, said Friday net income in the first quarter...

LT Group reports P6.5b income in first quarter

LT Group Inc., the listed holding company of beer and tobacco tycoon Lucio Tan, said Tuesday attributable net income in the first quarter climbed 4.5...

New Philip Morris CEO pleased over partnership with Tan

The new chief executive of Philip Morris International described the company’s partnership with Lucio Tan’s Fortune Tobacco Corp. as “very successful” and expressed resolve...

Lucio Tan in stable condition at hospital

Beer and tobacco tycoon Lucio Tan is in stable condition at a hospital after being infected by COVID-19, according to his daughter. “He is in...

Lucio Tan stable after COVID-19 infection

Taipan Lucio Tan is in stable condition and recovering in a hospital after getting COVID-19. Tan's daughter Vivienne Tan relayed the information in her Instagram...

PNB plans to open digital bank, select technology partner

Philippine National Bank, the fifth-largest lender in terms of assets controlled by airline and tobacco tycoon Lucio Tan, plans to put up a digital...

LT Group declares P21B net earnings supported by tobacco, liquor revenues

LT Group Inc., the listed holding company of beer and tobacco tycoon Lucio Tan, reported an unaudited attributable net income of P21.02 billion in...

PAL pushes ahead with retrenchment of 2,300 employees

Philippine Airlines said Tuesday it is implementing the retrenchment of 2,300 employees or about 30 percent of its workforce in the first quarter. The airline...

Cavite drops $10-billion airport deal with MacroAsia and China firm

The Cavite provincial government said Wednesday it canceled a joint venture agreement with a consortium led by China Communication Construction Co. and MacroAsia Corp....

Lucio Tan, foreign partners pursue P82.5-b LNG project

Batangas Clean Energy Inc., a company led by US investors and airline and tobacco tycoon Lucio Tan, is moving forward with a P82.5-billion investment...

LT Group’s net income grew 9% to P16.1 billion in nine months

LT Group Inc., the listed holding company of tycoon Lucio Tan, said Friday net income grew 9 percent in the first nine months to...

Stock market rallies for fifth straight day

The stock market rallied for the for the fifth straight day, bolstered by hopes of a possible rebound in the economy in the fourth...
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