Asset recovery efforts are now underway as the Department of Public Works and Highways (DPWH) and the Independent Commission for Infrastructure (ICI) prepare to initiate civil forfeiture proceedings linked to alleged multibillion-peso irregularities in flood control projects. In an interview on...
The Manila Police District (MPD) announced the arrest of one of the suspects involved in the fatal shooting of a 27-year-old woman in Barangay 312, Sta. Cruz, Manila on Aug. 21. The police identified the suspect as alias Ponggay, 36. According to witnesses, the victim was shot twice in the head...
Union Bank of the Philippines (UnionBank) and ATRAM Group (ATRAM) have appointed Deanno J. Basas as President of UnionBank Investment Management and Trust Corporation (UBIMTC) prior to its merger into ATR Asset Management, Inc. (AAMI). The bank said in a disclosure to the Philippine Stock Exchange...
Union Bank of the Philippines and the ATRAM Group have finalized their partnership, aiming to revolutionize the Philippine asset management landscape by merging their trust operations and leveraging digital innovation. Under the agreement, UnionBank will acquire a 27.5 percent stake in ATR Asset...
SINGAPORE —Energy transition trailblazer ACEN Corporation of the Ayala group will schedule a study to dissect and assess options for the ‘asset repurposing’ of its 246-megawatt South Luzon Thermal Energy Corporation (SLTEC) coal plant. The plant will be retired by 2030, way ahead of its...
CEBU CITY – A 20-year-old man suspected of being a police asset was shot dead here on Wednesday, Nov. 13. John Michael Ybañez died on the spot due to a bullet wound in the body. A SUSPECTED police asset was shot dead in Barangay Lahug, Cebu City on Wednesday, Nov. 13.(Contributed photo)...
Aboitiz-led Union Bank of the Philippines (UnionBank) and the ATRAM Group have entered into an investment agreement to merge their respective trust subsidiaries. In a disclosure to the Philippine Stock Exchange (PSE), UnionBank announced that it will hold a 27.5 percent ownership stake in ATR...
Metropolitan Bank & Trust Company (Metrobank) has approved the sale of its asset management unit to ATR Asset Management Inc. (ATRAM) while Union Bank of the Philippines is also in talks to merge its trust business with that of ATRAM. "These are bold moves by ATRAM to quickly scale up its trust...
The tides are turning in the deregulated downstream oil industry, as French multinational TotalEnergies is reportedly taking its exit from the Philippine downstream oil industry, with its planned asset sale to the Villavicencio group. TotalEnergies Philippines counts more than two decades of...
BACOLOD CITY – The Mount Cansermon Command of the New People’s Army-South Central Negros Guerrilla Front said it killed a resort employee in Barangay Oringao, Kabankalan City, Negros Occidental last Sunday for being an alleged government operative. READ:...
Chinabank Capital Corporation, the investment house of China Banking Corporation, was named as the Best Bond Adviser in the Philippines by The Asset for the 8th straight year. In a statement, the bank said “Chinabank Capital remains unmatched by local investment houses in effectively structuring...
BACOLOD CITY – The Leonardo Panaligan Command-New People's Army (LPC-NPA) has claimed the death of a civilian who was identified as a military asset in Barangay Aya, La Libertad, Negros Oriental on August 21. Police identified the victim as Julibe Sanoy, who was shot by unidentified armed men at...
