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Sy buys infra company
by Jenniffer B. Austria
Henry Sy Jr., eldest son of the richest Philippine tycoon, offered to buy all of UEM Development Philippines Inc. and use the company to invest in state infrastructure projects.
Metrobank unit sells cheap power to Iloilo retailer
by Alena Mae S. Flores
Panay Energy Development Corp., a unit of the Metrobank Group, has signed a 25-year supply agreement with Panay Electric Co. that is expected to reduce electricity rates in Iloilo City by over P1 per kilowatt-hour.
RFM board approves P2-b bond float
RFM Corp., the food and beverage unit of the Concepcion family, plans to issue up to P2 billion worth of floating corporate notes to refinance loans and fund capital requirements.
Lucio Tan, Gatchalian duke it out in Valenzuela
TAIPAN Lucio Tan and hotel magnate William Gatchalian are in the thick of a legal battle over the control of Plastic City, the 84-hectare, 44-warehouse compound in Valenzuela that used to be the largest integrated plastic manufacturing complex in the country.
Globe Telecom notes higher revenues
BPI studies 1st purchase since 2005
Multiplicity with purpose (Part 2)
Fiesta in Phuket
by Dino Ray V. Directo III
As a prelude to the Asean-wide roll out of the Fiesta compact auto in October, the Ford Group tested the waters in Phuket, Thailand in what has been labeled as Deep Dive and Test Drive event.
Navigation device gets the thumbs-up
Suzuki previews the future
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Manila aborts another row after detaining HK officer
by Eric Apolonio and Rey E. Requejo
THE already tense relations between the Philippines and Hong Kong nearly took a turn for the worse Thursday, after airport authorities prevented a Hong Kong investigator who was leaving the country with eight shells test-fired from the guns belonging to hostage taker Rolando Mendoza, even though local police had given the investigator clearance to take the shells.
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Whoops, parlor mixes up bodies of 3 victims
HONG KONG—Philippine authorities sent the bodies of three of the victims in the Manila bus hijacking to the wrong families, Hong Kong said Thursday, in the latest of a series of missteps in the handling of the crisis.
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Another day, another fumble. Justice Undersecretary Jose Vicente Salazar, upper left photo, shows the shell casings that Hong Kong Chief Inspector Li Kwai-wah, in white shirt at the upper right photo, was bringing with him to Hong Kong. In the third photo, Filipino-Chinese mourners pray in front of crates of Hong Kong victims whose names were later found to have been mixed-up. |
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