PBCom upgraded to unibank status
The Bangko Sentral ng Pilipinas has upgraded the status of Lucio Co’s Philippine Bank of Communications to a universal bank allowing it to invest in non-allied enterprises.
Source: philstar.com
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Turbulence @PAL
It has been raining cats and dogs for over a week. What we experienced, based on an old folklore is the proverbial “siyam-siyam” or incessant rain for nine days! This prevented most of us from doing our usual chores with our laundry hamper already brimming. A different kind of turbulent weather is haunting the restructuring program of Philippine Airlines (PAL). I heard the flag carrier’s top honcho Gilbert Sta. Maria and PAL independent member of the board Gregorio “Greggy” Yu flew to New York but at the last minute decided to hold off the filling of Chapter11. What gives? Is the de...
Source: mb.com.ph