LT - updates

Rappler's latest stories on LT


Lucio Tan's LT Group nets P14.7 billion in January-September 2019

Nov 14, 2019 - 8:55 PM

The LT Group's banking and tobacco businesses boost its earnings for the 1st 9 months of 2019, while figures of its alcohol and beverages drop

Q&A: Is General Sobejana the one to end the Abu Sayyaf?

Nov 02, 2019 - 10:00 AM

In this wide-ranging interview, Western Mindanao Command chief Lieutenant General Cirilito Sobejana talks to Rappler about foreign fighters in Mindanao, suicide bombers in Sulu, and the prospects for peace

FOCUS ON BANGSAMORO. Lieutenant General Cirilito Sobejana promises to focus on the Bangsamoro region in the remaining two years of his military career. Photo by Carmela Fonbuena/Rappler

LT Group's president dumps majority of shares

Jul 08, 2019 - 5:55 PM

The disclosure does not explain why LT Group president Michael Tan, one of the sons of Lucio Tan, disposed of majority of his shares

DISPOSED SHARES. LT Group president and chief executive officer Michael Tan only now has 1,100 shares left from the holding company.

Lucio Tan's LT Group eyes purchase of sugar mill in Batangas

Jun 17, 2019 - 6:15 PM

LT Group plans to bid for Central Azucarera Don Pedro Incorporated. A couple of energy projects are also in the pipeline for the conglomerate.

DIVERSIFYING. LT Group is branching out to sugar milling and entertaining more energy-related projects. Central Azucarera Don Pedro photo from RHI

Thai cops nab Pakistani passport forger with ISIS links

Jan 19, 2018 - 4:47 PM

Mohammad Iqbal is arrested on January 14 in a Bangkok suburb in possession of Singaporean and Indian fake passports as well as plates and laminates to forge entry visas to France, Italy and Spain

Conglomerates in talks for 'super consortium' to upgrade NAIA

Dec 07, 2017 - 3:50 PM

Andrew Tan's Alliance Global and Lucio Tan's LT Group confirm there are talks with other business groups, though no formal agreements have been reached

Big business winners, losers in Duterte's 1st year

Jul 24, 2017 - 5:03 PM

The stock price of Dennis Uy s Phoenix Petroleum increased about 92 from July last year while Ongpin associated Philweb s stock price fell 46 3

FIREBRAND. Though President Rodrigo Duterte has for the most part left businessmen on their own, his tirades against select businessmen have brought about  tremors at the Philippine Stock Exchange.

Asia Brewery to produce Tiger, Heineken beer locally this year

Jun 20, 2017 - 5:58 PM

We ll start producing Tiger beer first this year and then later move on to producing Heineken locally which we are trying for this year also says LT Group president Michael Tan

Duterte hosts intimate dinner for top businessmen

Jan 18, 2017 - 4:40 PM

The 3 hour dinner is organized by former president and now Deputy Speaker Gloria Macapagal Arroyo and Presidential Consultant for Entrepreneurship Joey Concepcion

DINNER WITH BUSINESSMEN. President Rodrigo Duterte hosts a dinner for the country's top businessmen on January 17, 2017. Photo by Rey Baniquet/Presidential Photo

Marcelino asks court for 'second hard look' at plea vs drug charges

Jan 04, 2017 - 3:45 PM

The former drug enforcement agent and his Chinese co accused urge the Manila RTC to lift the issuance of arrest warrants against them

LEGAL REMEDY. Marine Lieutenant Colonel Ferdinand Marcelino is seeking a dismissal of the drug charges against him. Photo by Joel Liporada/Rappler

Military seeks custody of Marcelino

Jan 04, 2017 - 8:44 AM

The ex PDEA agent s main defense in the case against him is that he was doing covert operations for the military when he was first arrested in January 2016

MILITARY WANTS CUSTODY. File photo of former PDEA official Marine Lt Col Ferdinand Marcelino (center). File photo by Ben Nabong/Rappler

Lucio Tan's LT Group sets P10 billion capital spending in 2016

Jun 21, 2016 - 7:30 PM

LT Group has a generally positive outlook for 2016 as it eyes new growth drivers to surpass 2015 s P6 6 billion net income

SPENDING. LT Group Incorporated, the listed holding company of tycoon Lucio Tan (3rd from left) is spending close to P10 billion in capital expenditures for this year. File image from Absolut Distillers Incorporated

AFC Cup: Crunch time for Ceres, Kaya in final group stage matches

May 09, 2016 - 3:57 PM

Both Filipino clubs have plenty to play for in the AFC Cup on Tuesday Can Kaya join Ceres in the knockout stage?

BUSMEN. Manny Ott and the unbeaten Ceres La Salle can solidify a first place finish in their AFC Cup group with a win over Lt. Sheikh Jamal Dhanmondi Club Limited at home. File photo by Mark Cristino/Rappler

Lucio Tan group acquires more shares in VMC

Feb 19, 2016 - 2:19 PM

The deal will boost Lucio Tan s LT Group’s stake in VMC by 4 5 to 28 1

UPS INVESTMENT. Shares bought by Lucio Tan came from Hong Kong-based First Pacific Company Limited. File photo by AFP

MVP exits Victorias Milling Company

Feb 16, 2016 - 3:03 PM

An analyst says First Pacific s exit in VMC will allow the company to concentrate on its other sugar milling firm Roxas Holdings Incorporated

EXIT. All entities affiliated with the First Pacific group agree to sell shares for a for a total bloc price of P1.8 billion ($38.42 million). Photo by Rob Reyes/Rappler

Ayala, LT Group partner to build C5 mixed-use township

Jan 23, 2016 - 11:10 AM

The 35 hectare lot along the C5 corridor is envisioned to be a township development that spans portions of Pasig City and Quezon City

MORE PARTNERSHIPS. This will be the third partnership between the listed companies of Jaime Augusto Zobel de Ayala (left) and Lucio Tan (right)

Join the Family Travel Festival

Oct 17, 2015 - 10:00 AM

On October 24 in SM Megamall Fashion Hall experience the closest thing to travelling to cities like New York and Paris

Lucio Tan group spending P10B in 2015

Jun 23, 2015 - 6:23 PM

The conglomerate is optimistic despite cigarette beer units’ challenges

PAL, Canada’s WestJet ink code share pact

Feb 10, 2015 - 6:22 PM

Through a code share agreement with WestJet the Philippines legacy carrier can sell seats on 6 select routes operated by the Canadian airline

Ailing PAL defers aircraft orders

Jan 22, 2015 - 11:51 PM

The flag carrier is also launching new routes and seeking foreign strategic partner to bring the ailing flag carrier back to health

AFP spokesman, netizens in Twitter war over Sueselbeck

Oct 26, 2014 - 10:30 PM

Lt Col Harold Cabunoc tweets that the fiancé of Jennifer Laude should face the consequences of his actions

Lucio Tan Group offers PAL minority shareholders a ‘way out’

Oct 17, 2014 - 9:58 PM

PAL minority shareholders can sell their shares through a voluntary tender offer

First Pacific eyes majority ownership of Roxas Holdings

Oct 07, 2014 - 12:20 PM

The Hong Kong based firm of Manuel V Pangilinan eyes majority ownership of the diversified sugar company before 2014 ends

PAL buyback: Lucio Tan’s change of heart

Sep 16, 2014 - 3:55 PM

PAL is more than an airline company for me It goes beyond investing — it is like family PAL is never far from my thoughts says the tycoon during a party celebrating the buyback

LUCIO TAN. The tycoon is buying back the Philippine Airlines stake he sold San Miguel in 2012. File photo by AFP

PAL is back in the black

Aug 15, 2014 - 7:41 PM

The flag carrier books a P1 5 billion income for Q2 amid talks to buy back San Miguel’s 49 stake in PAL by the Lucio Tan group

Lucio Tan group again raises holdings in Victorias

Aug 08, 2014 - 11:32 AM

Tan’s additional interest is still seen as a move to foil the efforts of other entities in the sugar milling firm

RAISING STAKES. The group of tycoon Lucio Tan ups again its stake in Victorias Milling. File photo by Agence France-Presse

MVP, Ayala groups not interested in PAL

Aug 05, 2014 - 8:03 PM

The groups say they are not interested in the flag carrier whose major shareholders are in sale talks

BUYBACK. The LT Group is reportedly raising close to $1 billion to buy back the 51% of SMC and to pay the advances made by the diversified conglomerate to PAL for the purchase of brand new aircraft. File photo by Agence France-Presse / Jay Directo

San Miguel eyes Philippine Airlines buyout

Jul 31, 2014 - 4:48 PM

San Miguel confirms local news reports that its president Ramon Ang and PAL were hopeful to buy out the rest of the carrier s shares by end September

San Miguel confirms local news reports that its president Ramon Ang and PAL were "hopeful" to buy out the rest of the carrier's shares by end-September. File photo by Agence France-Presse

LT Group raises stake in Victorias Milling

Apr 08, 2014 - 7:45 PM

The transaction is seen as a defensive move amid reports that MVP led First Pacific is interested in buying into the sugar milling firm

The group of tycoon Lucio Tan ups its stake in Victorias Milling. File photo by AFP

World Vision recognizes the diplomatic community

Mar 27, 2014 - 6:53 PM

The role of the diplomatic community is highlighted by World Vision for their support in relief efforts

GRATITUDE. World Vision officials and embassy representatives (L-R) Glicerio Abad, Board Member, World Vision; Josaias dela Cruz, National Director, World Vision; Raphael Hermoso, Executive Director, Office of the United Nations and other INGOs, Department of Foreign Affairs;  Luke Myers, Counsellor (Development) and Head of Cooperation/Conseiller (Développement) et Chef de la cooperation, Embassy of Canada;  Anne Orquiza, Portfolio Manager, Australian Aid;  Michael Hasper, Charge d’ Affaires, German Embassy; Liwayway Vinzons-Chato, Chairman, World Vision Board of Trustees; (Ret.) Chief Justice Reynato Puno, World Vision Board Member; Remedios Baclean, Board member, world Vision; Jack Pan, Executive Assistant to the Representative, Political Division, Taipei Economic and Cultural Office in the Philippines; Kentaro Yamane, Second Secretary, Economic Section, Embassy of Japan;  Milton Amayun, MD. MPH, Senior Health Advisor, USAID. All photos submitted by World Vision

Grammy winner Ashanti to sing national anthem at Pacquiao-Bradley II

Mar 04, 2014 - 8:48 PM

Grammy Award winner Ashanti will sing the National Anthem at the rematch between WBO welterweight titleholder Timothy Bradley and Manny Pacquiao

NOT A FOOLISH CHOICE. Singer Ashanti poses with Manny Pacquiao at a Knicks game last month. Photo by Chris Farina/Top Rank

NPA ransacks police station in Misamis Occidental

Dec 14, 2013 - 8:33 PM

The NPA attackers were clad in military uniform on Saturday taking with them guns and ammunition

3 AFP generals in critical posts retiring in November

Oct 07, 2013 - 6:35 PM

Selection is on for the successors of AFP deputy chief of staff Lt Gen Gregorio Macapagal Wesmincom chief Lt Gen Rey Ardo Army 2nd Infantry Division commander Maj Gen Nonato Alfredo Peralta

RETIRING: Wesmincom chief Lt Gen Rey Ardo (Leftmost) played a critical role in drafting the military strategy in the Zamboanga City Crisis. Government photo

Preparedness key to disaster risk reduction

Sep 22, 2013 - 6:36 PM

When it comes to disasters preparedness is always better than response

Helping out: Disaster response and volunteerism

Sep 22, 2013 - 12:39 AM

The Social Good Summit s afternoon panels discuss disaster readinesss and response and the power of volunteerism

HELPING OTHERS. Ros Juan talks to the crowd about #RescuePH and volunteerism.

When will the crisis end?

Sep 19, 2013 - 11:28 AM

Residents of Zamboanga City say things are a bit better now but they hope to bring it back to normal soon

BUSINESS RESUMES: Vendors crowd a small marketplace. Photo by Carmela Fonbuena/Rappler

Habier Malik leading MNLF attacks in Zambo

Sep 09, 2013 - 7:12 PM

The military says it spotted MNLF commander Ustadz Habier Malik in Sta Catalina Zambonga City

LEADER. Habier Malik, known as the top aide of Nur Misuari, has been spotted in Zamboanga City. Photo by Therence Koh/AFP

Lucio Tan, George Ty firms join PSEi

Aug 28, 2013 - 4:59 PM

Meralco and Belle Corp are excluded in the PSEi a basket of 30 most traded most liquid and well capitalized listed firms

Lucio Tan holding firm reports higher first-half profit

Aug 15, 2013 - 4:54 PM

Strong banking beverage and property segments drive LT Group s earnings growth

LUCIO TAN. The tycoon's holdings firm reported higher first-half earnings on strong banking, beverage and property performances. File photo by AFP

Edita B on LT portrayal: 'Nagulat ako'

Aug 12, 2013 - 10:16 AM

On Lorna Tolentino s remarkable job in Burgos: A Mother s Love

NUANCED TURN. Mrs. Burgos said she was amazed to see herself in LT's performance. Screen grab from YouTube (John Wong)

Army chief goes after officers behind 'white paper'

Aug 05, 2013 - 11:33 PM

Army chief Lt Gen Noel Coballes faces the media to respond to allegations of favoritism

Army chief Lt Gen Noel Coballes. Photo by Carmela Fonbuena

'Burgos' marks Cinemalaya premiere

Aug 04, 2013 - 6:30 PM

CCP filmfest closes with a bang with Joel Lamangan s politically charged film starring Lorna Tolentino

LT'S 'FIRST INDIE.' Mrs. Burgos is all praise for Lorna's portrayal. Photo from the film's Facebook page

US blacklists Myanmar general over N. Korea arms deals

Jul 02, 2013 - 11:23 PM

The United States placed a Myanmar general on its sanctions blacklist for arms deals with North Korea

Asia Brewery goes into yoghurt and soy milk

Jun 21, 2013 - 5:45 AM

The LT Group is looking to expand its market share by distributing and manufacturing pasteurised yoghurt and soy milk

NEW VENTURES. The LT Group is looking to increase its market share with dairy products. Photo by Jum Balea/Rappler

Tanduay to be sold in US soon

Jun 20, 2013 - 2:56 PM

The company will start selling rum products in the US during the summer months of June to August

US MARKET. Lucio Tan-led LT Group plans to introduce its bestselling rum brand Tanduay in the US market. Photo from Tanduay Rhum's official Facebook page

PNB may sell shares to boost capital

Jun 19, 2013 - 5:39 PM

PNB wants to shore up capital ahead of Basel 3 a more stringent international regulatory framework for banks

New P55-M forfeiture case filed vs Ligot, family

Jun 04, 2013 - 12:13 AM

The Ombudsman says Ligot and his relatives had no sufficient means to open bank deposits or make investment placements in significant sums

SEVEN ACCOUNTS. The Ombudsman seeks to forfeit investments and cash stashed by Ex. Lt. Gen Jacinto Ligot and his family in 7 banks. File photo from Newsbreak

LT Group Q1 earnings grow 53% to P5.8-B

May 21, 2013 - 1:04 PM

The strong performance of the company s banking and property units lifted its bottom line

9 killed, 14 hurt in N. Luzon from May 1-14

May 15, 2013 - 2:10 PM

Less violence in May 13 than in 2010 polls says Nolcom

Horrors of war in Spec Ops: The Line

May 14, 2013 - 6:11 PM

Spec Ops teaches us that there is a steep price to pay for using weapons of mass destruction

SANDBLASTED. The only way to fight a sandstorm is to wait it out. All images taken from the official Spec Ops: The Line ( website