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Petron Corp. is undergoing its biggest leadership restructuring in a decade, with Ramon S. Ang stepping down as president of the country’s largest oil refiner after holding the role since 2015 and handing operational control to his son, John Paul L. Ang.
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Federico “Piki” Lopez is escalating his battle with ABS-CBN Corp.’s leadership by asking the corporate regulator to intervene directly in the operations of what was once the country’s largest television network.
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Cebu Pacific operator Cebu Air Inc. (CEB) has put all dividend payments on hold despite record earnings last year, opting to preserve cash as soaring fuel prices tied to the Middle East conflict pressure airline profitability.
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Lucio Tan III is entering his fourth year at the helm of LT Group Inc. during what could become one of the conglomerate’s toughest tests, as price shocks and soaring inflation threaten its sprawling consumer-focused portfolio.
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DigiPlus Interactive Corp., the online gambling leader chaired by tycoon Eusebio Tanco, is in talks to acquire billionaire Ramon S. Ang’s Diamond Hotel Philippines in line with plans to transform the Manila Bay site into a $1 billion gaming complex.
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The Gokongwei family-controlled firm is pushing back against concerns raised by foreign fund manager GAM Investments about the former’s planned tender offer, underscoring that this and the voluntary delisting are grounded in independent valuation and full board approval.
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Amando Tetangco Jr. sits at the apex of one of the Philippines’ largest conglomerates as an outlier. At SM Investments Corp., he is the only non-family member to chair a family-owned group. It is an arrangement that remains unique in the local corporate landscape.
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Ayala Land Inc. is in no rush to redevelop the iconic ABS-CBN property, which it purchased last year as the property giant recalibrates its expansion agenda during a volatile period for real estate.
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Tycoon Ramon S. Ang-led Petron Corp.’s court victory over state-run Philippine National Oil Co. (PNOC) turned into a last-minute standoff after the state firm refused to accept payment, forcing the court to step in and complete the transfer of key assets.
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