Lucio Tan - updates

Rappler's latest stories on Lucio Tan

ARTICLE FINDER

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

Lucio Tan to merge PNB, PNB Savings Bank

Sep 28, 2018 - 8:18 PM

The banks, once merged would have an asset base of P932.7 billion

Henry Sy still leads Filipinos on Forbes' 2018 billionaires list

Mar 07, 2018 - 9:55 AM

The number of Filipinos on the list drops from 14 last year to 12 this year, but their combined net worth increases from $45.8 billion to $55.2 billion

Duterte on Tan, SWS survey on love and career, PH-China meeting | Midday wRap

Feb 14, 2018 - 12:55 PM

Watch the midday newscast with Mara Cepeda

Duterte tells helpful Lucio Tan he'll forgive and forget

Feb 13, 2018 - 8:00 PM

After PAL provides planes for OFWs, President Rodrigo Duterte tells tycoon Lucio Tan: 'I am going to shut up forever. Okay na sa akin, tapos na.'

PAL certified as 4-star airline

Feb 09, 2018 - 12:18 PM

The Philippine flag carrier earns the rating upgrade from London-based Skytrax after an extensive audit of its in-flight and on-ground services. It joins 40 other airlines on the list.

RATING UPGRADE. PAL President Jaime Bautista poses for a photo with Skytrax CEO Edward Plaisted following the official awarding of the upgrade in a ceremony in Singapore on February 8, 2018. Photo from PAL

PAL hopeful to become 4-star airline this 2018

Jan 02, 2018 - 5:42 PM

This is part of its efforts to earn 5-star status as a globally competitive full-service airline by 2020, along with carriers like EVA Air and Garuda Indonesia

BECOMING 5-STAR. PAL is currently rated as 3-star airline by London-based air transport rating organization Skytrax. Photo courtesy of PAL Corporate Communications

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

Lucio Tan denies ever funding destab plots vs gov't

Oct 19, 2017 - 8:16 PM

President Rodrigo Duterte has insinuated the tycoon has been supporting efforts to undermine past administrations, and dares the businessman to do the same now

LUCIO TAN. This photo taken on May 11, 2016, shows Filipino-Chinese tycoon and owner of flag carrier Philippine Airlines Lucio Tan arriving in Davao City, on the southern island of Mindanao to meet Philippines' president-elect Rodrigo Duterte. File photo by Noel Celis/AFP

Duterte on Lucio Tan, Cardinal Vidal, Typhoon Paolo | Midday wRap

Oct 18, 2017 - 2:04 PM

Watch the midday newscast with Margie de Leon

Duterte dares Lucio Tan to fund destabilization plots

Oct 17, 2017 - 8:15 PM

President Rodrigo Duterte claims the tycoon has remained untouchable for years because of alleged threats to fund destabilization plots against government officials

Want to be on Duterte’s good side? Be pro-poor, aide tells businessmen

Oct 11, 2017 - 6:18 PM

'If big business will not help the poor, definitely the President will be against that establishment,' Presidential Adviser on Entrepreneurship Joey Concepcion tells business executives

ANTI SELF-SERVING FIRMS. A year into power, the Philippine president's tirades against select big business have caused tremors. Rappler file photo

Wealth of 50 Filipinos account for 24% of PH's 2016 GDP

Aug 24, 2017 - 3:10 PM

4th UPDATE Henry Sy Sr tops Forbes Philippines rich list in 2017 for a decade now but younger and self made tycoons are gaining ground

STILL RICHEST. Henry Sy Sr (extreme right) with wife Felicidad Sy (woman in glasses in the middle) and son Hans Sy (beside Felicidad) during SM grou's 2017 stockholders' meeting. Photo by Rob Reyes/Rappler

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

Proposed SEC rule to hit San Miguel, PAL Holdings, Andrew Tan firms

Jun 17, 2017 - 10:49 AM

About 68 listed Philippine firms including 4 Andrew Tan led businesses will need to sell more shares to the public if SEC hikes the minimum public float to 20

RAISE. The SEC proposed to double the minimum public float level to 20% by July 1, 2017.

Eton taps Aboitiz for power supply

Jun 11, 2017 - 11:40 PM

Under the agreement Eton Properties will be sourcing 5 2 MW from the MakBan Geothermal Power Plant in Batangas

ENVIRONMENT FRIENDLY. The real estate developer is creating more office spaces that are environment-friendly to optimize the continuous growth of the business process outsourcing (BPO) industry

BIR in talks with Pacquiao, reviews Dunkin' Donuts, Tan cases

Apr 17, 2017 - 7:42 PM

Days after the President mentioned them in his speeches the BIR is now reviewing tax issues involving the Prieto owned donut company and Lucio Tan

TAX LIABILITIES. This comes after President Rodrigo Duterte's recent statements against Lucio Tan's and Dunkin' Donuts franchise owners' alleged unpaid taxes

Duterte on Lucio Tan's taxes: 'He has to pay'

Apr 16, 2017 - 1:58 AM

UPDATED Ang Pilipinas para ito sa mga taong naghirap Ang mayayaman kalaban ko yan President Rodrigo tells close to 7 000 OFWs in Qatar

IN BAHRAIN. President Rodrigo Duterte expresses concern for OFWs in his speech during the meeting with the Filipino community at the Khalifa Sports City in Bahrain on April 14, 2017. Photo by King Rodriguez/Presidential Photo

Record number of Filipinos among 'richest people on the planet'

Mar 21, 2017 - 8:03 AM

Joining the 14 Filipinos who are dollar billionaires in 2017 are Ramon Ang Injap Sia Eduardo Cojuangco and Roberto Ongpin

Top businessmen pledge support for Sulu's economic revival

Dec 20, 2016 - 1:40 PM

Tycoons like Manny V Pangilinan Ramon Ang and Lucio Tan declare their support for the Duterte administration s bid to unleash the economic potential of violence stricken Sulu

FOR SULU'S FUTURE. Businessmen, government officials, and NGOs pledge support for the Duterte administration's 'Save Sulu' program. Photo from PPD

Asia's Emerging Dragon to bid for NAIA PPP

Oct 03, 2016 - 9:05 PM

The corporation formed back in 1993 by several taipans again expresses interest in redeveloping the Ninoy Aquino International Airport

A passenger arrives at the Ninoy Aquino International Airport in Manila on October 18, 2013.The Philippines' main Manila airport terminal has been named the world's worst for the second year in a row in a survey by an online travel website. AFP PHOTO/ NOEL CELIS / AFP PHOTO / NOEL CELIS

Henry Sy still PH's richest man for 9th straight year – Forbes

Aug 25, 2016 - 1:35 PM

The biggest gainer on the list of richest Filipinos percentage wise is Edgar Sia II

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

Bongbong Marcos hits nepotism in government

Apr 19, 2016 - 10:44 PM

The vice presidential candidate also says the government lacks an overarching fiscal and investment plan

Marcos’ candidacy, HBO on Pacquiao, PH billionaires | 6PM wRap

Mar 03, 2016 - 7:05 PM

Watch Rappler’s 6PM newscast with Chay Hofileña

11 Filipino tycoons back in Forbes' list of world's richest

Mar 03, 2016 - 2:30 PM

Henry Sy Sr the 91 year old chairman of SM Investments Corporation retains his spot as the richest Filipino according to Forbes 2016 World s Billionaires

PHILIPPINES' RICHEST. (From left): Henry Sy, John Gokongwei Jr, Lucio Tan, and George Ty

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

The evolving spirit of Tanduay

Jan 30, 2016 - 12:22 AM

Follow the story of a then unknown Filipino distillery that evolved to become an internationally recognized brand

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)

Germany's Allianz acquires 51% of PNB Life Insurance

Dec 22, 2015 - 7:00 PM

The joint venture company will operate under the name Allianz PNB Life Insurance Incorporated

JOINT VENTURE. The closing of the transaction between Allianz and PNB Life Insurance Incorporated is still subject to regulatory approvals.

Fake cigarettes remain big challenge in PH market

Nov 30, 2015 - 11:44 AM

‘Nearly one in every 5 cigarettes consumed in the Philippines originated through illicit channels in 2014 ’ says Oxford Economics

Lucio Tan group wants PAL foreign investor in by 2017

Oct 27, 2015 - 4:26 PM

I want PAL to be a 5 star airline with good service from the time they buy their ticket to the time they get their baggage from the carousel PAL Holdings president and COO Jaime Bautista says

TAP INVESTORS. 'Right now, we will need a strategic investor. Hopefully, from the same industry, but covering different regions so it can give us more connections,' PAL President Jaime Bautista says

SMC's Ramon Ang: 'We sell assets because of bad partnerships'

Oct 15, 2015 - 9:09 PM

Experiencing all those types of partnerships I’d rather always buy the whole company unless the partner is honorable which is very hard to come by San Miguel s Ramon Ang says

BAD PARTNERSHIPS. Ramon Ang tells global CEOs: 'For the last 7 years, we have sold assets because partnerships aren’t good and it’s better to walk away.' Photo from Weber Shandwick for #FGECEO2015

PAL lays off 117 workers, outsources services

Sep 03, 2015 - 9:51 PM

The affected employees will receive a separation package of 125 of monthly basic salary per year of service and a gratuity pay of P100 000

FOCUSES ON CORE. PAL says it will be laying off about 2% of its total workforce

Virginia shooting, US-PH talks, Forbes richest | 6PM wRap

Aug 27, 2015 - 7:55 PM

Watch the 6PM edition of Rappler s newscast The wRap

Henry Sy remains Philippines' richest – Forbes

Aug 27, 2015 - 9:42 AM

UPDATED The mall magnate s net worth climbs to 14 4 billion making him the country s wealthiest for the 8th consecutive year Forbes magazine s list of 50 richest Filipinos reveals

Philippine Airlines parent's half-year profit soars

Aug 11, 2015 - 2:43 PM

The legacy carrier is expected to remain profitable thanks to robust demand and falling oil prices although the results failed to cheer investors

Lucio Tan group spending P10B in 2015

Jun 23, 2015 - 6:23 PM

The conglomerate is optimistic despite cigarette beer units’ challenges

Eton Properties to spend P28 billion over the next 5 years

May 30, 2015 - 12:00 PM

The property arm of the group of businesses controlled by billionaire Lucio Tan is set to develop and introduce a number of commercial and residential projects over the next 5 years

GAME FACE. Lucio Tan's property unit raises capital expenditures to P9 billion ($202.03 million) in 2015, from last year's P4.3 billion ($96.53 million). File photo by AFP

PAL to fly to New Zealand

May 21, 2015 - 8:15 AM

The new route passing through Cairns in Australia will be PAL s first ever New Zealand service

PAL sustains profitability, nets P3.79B in Q1 2015

May 04, 2015 - 8:45 PM

Stronger passenger traffic of new international routes boosts the flag carrier’s profitability in the previous quarter of the year

A New Zealand trip via PAL?

Apr 18, 2015 - 4:23 PM

The flag carrier eyes flying to Auckland as part of its international expansion bid

Lucio Tan-owned PNB nets P5.5B in 2014

Apr 17, 2015 - 3:34 PM

The Philippine National Bank also embarks on a rebranding program in a bid to maintain existing clientele and attract new younger customers

Lucio Tan’s solar power plant starts operations

Mar 26, 2015 - 7:33 PM

The Absolut Distiller’s P189M solar power plant in Lian Batangas is only the start as the tycoon intends to further invest in renewable energy

Manila-New York flights to boost tourism – envoy

Mar 18, 2015 - 5:24 PM

Relaunched on March 15 Philippine Airlines operates these flights via Vancouver Canada 4 times a week

TOURIST DESTINATION. The Statue of Liberty is one of the tourist sites in New York, a new take-off point of flag carrier Philippine Airlines in the United States.

12 Filipinos in Forbes’ 2015 billionaires’ list

Mar 04, 2015 - 7:00 AM

Henry Sy the Philippines richest climbs to 73rd from 2014’s 97th ranking

PAL to sell 2 Airbus aircraft to Las Vegas’ Allegiant Air

Feb 25, 2015 - 8:04 PM

On February 23 rival Cebu Pacific announces it is selling 6 aircraft to the same Las Vegas based airline

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