Taipan Lucio Tan’s investment holding company LT Group Inc. (LTG) reported a six percent dip in attributable net income to P19.25 billion for the first nine months of 2023 from the P20.41 billion earned in the same period last year due to a drop in profits from its tobacco business. In a...
The Philippine National Bank (PNB) announced that taipan Dr. Lucio C. Tan has moved up as its Chairman Emeritus while his wife and Director Carmen K. Tan will join the bank’s Advisory Board. PNB Chairman Emeritus Dr. Lucio C. Tan In a disclosure to the Philippine Stock Exchange (PSE), the bank...
Three months after Lucio Tan III took the helm as president of PAL Holdings Inc. (PHI), the parent company of the country’s premier flag carrier Philippine Airlines (PAL), he reinstated key management positions in a swift move to build a corporate structure that strengthens the airline’s...
Lucio Tan’s aviation services unit MacroAsia Corporation reported that its consolidated net income soared 667 percent to P382.2 million for the first half of 2023 from the P49.8 million earned the same period in 2022 on the back of revenge travel. In a disclosure to the Philippine Stock Exchange,...
Taipan Lucio Tan’s investment arm LT Group Inc. reported a 16 percent drop in attributable net income for the first half of 2023 to P13 billion from the P15.40 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its tobacco business...
Tanduay Distillers Inc. reported that its business continued to grow in 2022 as it improved its operations and distribution to increase market share and venture into new markets overseas. “With the help of the management and marketing teams, we were able to bring Tanduay to more people. Our...
Tanduay Distillers Inc. has partnered with Weisshaus, a leading distributor of international spirits, to bring the brand to Austria, making it the first Asian rum brand to enter the country. In a statement issued by Tanduay, Weisshaus Managing Director Andreas Osler said they see Tanduay’s...
Despite the challenges posed by the pandemic and a more competitive spirits market, Tanduay managed to outsell other rum brands and win its fifth consecutive World’s Number Rum 1 award. Billionaire Lucio Tan’s grandson, Lucio Tan III, who took the reins at Tanduay Distillers, Inc. as...
LT Group Inc. announced that its Board of Directors has appointed the founder’s grandson Lucio C. Tan III to replace his uncle Michael G. Tan as Vice Chairman and Chief Operating Officer (COO) of the conglomerate. In a statement, LT Group said Michael Tan will continue to serve in his capacity as...
71910 Fresh from its financial restructuring, Philippine Airlines (PAL) turns 81 today, March 15, and looks forward to "a comeback year" via network expansion, digital innovation, and a more cargo-driven strategy. “We look forward to a comeback year for Philippine Airlines and for our country,”...
Malacañang has underscored the importance of keeping the financially beleaguered Philippine Airlines (PAL) "in the air" amid the coronavirus disease (COVID-19) pandemic. (Photo from PAL Facebook page) Presidential Spokesperson Harry Roque said in a virtual press briefing Monday, Sept. 6 that the...
The coronavirus disease (COVID-19) vaccination of private employees will start in June as about 17 million AstraZeneca doses will start to arrive next month, Presidential Adviser for Entrepreneurship Secretary Joey Concepcion said on Tuesday, May 4. Presidential Adviser for Entrepreneurship...
