Chemical Industries of the Philippines Inc. (CIP) on Wednesday said it is acquiring Tierra Ariana Eco Land Inc. for P100 million. The company said the acquisition will gain CIP an indirect control over the BPI Paseo de Roxas Condominium Corp., the condominium corporation charged with the management of the Filinvest…
The Bangko Sentral ng Pilipinas says BPI broke rules in its mode of disposal for treasury shares, which the bank acquired during its merger with BPI Family Savings Bank
The Bangko Sentral ng Pilipinas has slapped a P1 million fine against Ayala-led Bank of the Philippine Islands for failing to follow the rules on the disposition of treasury shares worth P33.04 billion arising from the consolidation of its thrift banking arm early last year.