The latest to resign was PAL senior vice president for planning and commercial group Angelito Alvarez, who was credited for the new flights launched by the airline since 2016. Alvarez was recruited by tycoon Ramon Ang in PAL when San Miguel Corp. acquired a 49 percent stake in the airline in 2012. A former commissioner of the Bureau of Customs, Alvarez was tapped to head the cargo business at t...
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Philippine businessman Manuel Pangilinan, otherwise known as MVP in the local business community, who ran into trouble with a borrowing binge two decades ago, is pursuing the biggest-ever Philippine initial public offering (IPO) in order to reduce the risk of a repeat. Pangilinan is attempting to pull off a giant share sale for Metro Pacific Investments Corp.’s (MPIC) hospital unit, one t...
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BUSINESSMAN Dennis A. Uy’s Global Gateway Development Corp. (GGDC) has engaged SM Prime Holdings, Inc. to be the first locator in its 177-hectare Clark Global City leasehold in Pampanga. In a statement issued Wednesday, GGDC said it has signed a sublease agreement with Sy-led SM Prime for up to 10 hectares inside the Clark Freeport Zone. “Having SM Prime as one of our anchor loca...
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