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 full...
CEBU CITY â€" 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)The...
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 business...
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...
Richest Filipino Manuel B. Villar Jr. is seeking to acquire the right to develop and extend the Light Rail Transit by seven stations all the way to Silang from Bacoor, Cavite as he will not have a hard time getting the right of way for the railway.In an informal chat with media, Villar said this...
Prime Asset Ventures Inc. (PAVI), the infrastructure business of richest Filipino Manuel B. Villar Jr. has signed implementing agreements for the P3.8 billion acquisition of the four-kilometer Muntinlupa Cavite Expressway (MCX) from Ayala Corporation.Villar Group acquires MCX - Villar-led Prime...
