Siblings Shiela T. Pascual and Vivienne K. Tan, daughters of tycoon Lucio Tan, have been elected as new members of Philippine Airlines Inc. (PAL)’s board.
ANA Holdings is expected to lose half of its stake in Philippine Airlines (PAL) with bilyonaryo Lucio Tan’s initial $255 million (P12.75 billion) bailout to
Cash-strapped Philippine Airlines got a much-needed boost after it obtained the nod of a US bankruptcy court to access financing to stave off collapse.
One man’s trash is another man’s treasure.
Businessman Antonio Tiu believes sister firms should be helping each other out especially in a crisis.
With still little hope of a travel turnaround even with the rollout of vaccines across the world, bilyonaryo Lucio Tan’s Philippine Airlines assured that it would remain in business despite massive losses due to the Covid-19 pandemic.
Diversified engineering conglomerate DMCI Holdings Inc. suffered a 44-percent drop in net earnings last year to P5.9 billion as it battled with the fallout related to the Covid-19 pandemic.
The world’s most popular virtual unit Bitcoin rallied Wednesday to a 13-month peak after US online payments provider PayPal announced that it would enable account holders to use cryptocurrency.
Philippine Airlines crash landed in the first half of 2020 as it discharged close to P4 billion a month and wiped out the P17.7 billion in cash pumped by in by its majority owner, bilyonaryo Lucio Tan.
At 86 years of age, bilyonaryo Lucio Tan should be enjoying retirement after working so hard to build one of the country’s business empires since starting Fortune Tobacco more than a half century ago.
