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THE Philippine Competition Commission (PCC) has cleared the proposed merger between Ayala-led Bank of the Philippine Islands (BPI) and Gokongwei-led Robinsons Bank Corp. (RBC), with BPI as the surviving entity.
In a disclosure, the company, formerly known as Leisure & Resorts World Corp., said that the Securities and Exchange Commission had greenlit its application for the increase in authorized capital stock from P5.0 billion last Tuesday.
Resolution supporting breast cancer awareness month ok’d
TRECE MARTIRES CITY, Cavite: The Regional Tripartite Wages Productivity Board (RTWPB) has approved a wage increase in the Calabarzon Region, affording some 2 million wage and salary earners in the region a daily increase of P35 to P40.
SAN Miguel Corp.'s board has authorized a shelf registration of up to P65 billion worth of preferred shares, 'to be issued for a period of three years or such other period as determined by management.'