Bilyonaryo - Business

Andrew Tan raises share buyback program by P3B

December 13, 2022

Bilyonaryo.com

Alliance Global Group (AGI) of bilyonaryo Andrew Tan has approved an increase in the the company’s ongoing share buy-back program aimed at enhancing shareholder value.

AGI said its board has authorized the company to repurchase an additional P3 billion worth of common shares under the same terms and conditions of the present buyback program approved on October 8, 2021.

Last October, AGI’s board approved a plan to buy back up to P4 billion worth of common shares from the open market.

The share repurchase plan will be implemented over a period of two and a half years starting from October 8, 2021 to April 8, 2024.

AGI is an investment holding company which has stakes in property development, liquor, gaming and fast food.

Related News Tags: Alliance Global Group (AGI), Andrew Tan, buyback program, share

Marcos told: Privatize PAGCOR, PCSO for Maharlika Fund

The Marcos administration should consider selling government-owned gaming assets to raise capital for the Maharlika Wealth Fund (MWF) instead of pulling money from the Landbank of the Philippines and Development Bank of the Philippines, former senator Franklin Drilon said

BSP: More rate hikes on the horizon

The Bangko Sentral ng Pilipinas (BSP) has vowed to continue hiking its key policy rates “as necessary” to help prevent a further increase in the second-round effects of the elevated inflation rate.

Video analysis in limbo: NBI probe on death of Julian Ongpin’s GF goes cold

The family of the late artist Bree Jonson has expressed dismay over the National Bureau of Investigation’s snail-paced probe into her death despite the wealth of physical and video evidence submitted to investigators.

Jerry Ngo, Joji Yap, Jon Gotianun: East West Bank’s top brass buy P180 million shares

EW chief executive officer designate Jerry Ngo bought a total of 19.9 million shares in the Gotianun-controlled bank at P6.5 on December 12.

Makati Med pays courtesy visit to Philippine Navy

The Makati Medical Center Foundation (MMCF) paid a courtesy visit to Philippine Navy chief, Rear Adm. Toribio Adaci Jr.

Marcos told: Privatize PAGCOR, PCSO for Maharlika Fund

BSP: More rate hikes on the horizon

Video analysis in limbo: NBI probe on death of Julian Ongpin’s GF goes cold

Jerry Ngo, Joji Yap, Jon Gotianun: East West Bank’s top brass buy P180 million shares

Makati Med pays courtesy visit to Philippine Navy

Ricky Razon’s Manila Water launches P5.6B aqueduct in Quezon City

Consunjis’ DMCI and Aboitiz-led UnionBank in, RLC and Megaworld out in PSEi

Habol na! BPOs given until Jan 31 to transfer registration under BOI

RCBC: Normalization of economic activities, lower taxes to fuel GDP

Recommended from sister websites

→ Abogado
Another inmate-witness comes forward vs Bantag, Remulla confirms

→ Abogado
Catapang confirms Bantag looking for Yamashita treasure

→ Politiko
Paolo Duterte pushes for better employment terms, benefits for security guards

→ Politiko
Romualdez: ‘We can build on our stellar economic performance’

→ Bankero
China Bank receives corporate governance awards

Power

Elon Musk, White House discuss electric vehicles

Tesla head Elon Musk met with senior White House officials Friday to discuss the Biden administration’s push to grow the electric vehicle market, Press Secretary Karine Jean-Pierre said.

Money

Cooling US inflation lifts hope for smaller Fed rate hike

Slowing inflation and a cooling property sector are fueling expectations that the US central bank can adopt a smaller interest rate hike this week, as policymakers assess current efforts to rein in prices.

Business

BSP: More rate hikes on the horizon

Property

Let’s-a-go (to Hollywood)! First US ‘Super Mario’ theme park to open

Nintendo’s first theme park outside of its native Japan will open in California next month, just weeks before Mario gets the big-screen treatment in a major new Hollywood film.

Latest on Bilyonaryo

Usapang Bilyonaryo by Ces Drilon

“Usapang Bilyonaryo” is a digital-first, hybrid magazine show hosted and produced by veteran broadcast journalist Ces Oreña-Drilon in cooperation with the Bilyonaryo.com team. The 30-minute TV cut airs on CNN Philippines at 8 PM every Monday, starting January 16. The full version or producer’s cut of each episode, as well as interview splices, will be posted on Bilyonaryo.com’s Youtube and Facebook accounts.