Banking luminary Xavier ‘XP’ Loinaz; 82

When American investment bank Lehman Brothers collapsed during the 2008 global financial crisis, seven Philippine banks—with combined exposure amounting to $386 million—had to bite the bullet. Ayala-led Bank of the Philippine Islands (BPI) wasn’t one of them. That BPI was the only major bank that emerged unscathed from the mortgage subprime crisis was largely due

Maynilad secures UK support for IPO

MANILA, Philippines – Maynilad Water Services Inc. has secured the support of the United Kingdom for its upcoming stock market debut, signaling strong demand for what would be the country’s largest—and last—initial public offering (IPO) this year. In its preliminary prospectus dated Oct. 3, Maynilad said it now had a cornerstone investment agreement with the

UAAP: Do-it-all Shawn Tuano gives Blue Eagles jolt of energy

UAAP SCHEDULE: Season 88 basketball tournament – first round MANILA, Philippines—When Ateneo needed a momentum-stopper against a furious La Salle rally, Shawn Tuano rose to the occasion. The Blue Eagles’ 81-74 win over the Green Archers in the UAAP Season 88 men’s basketball tournament may look comfortable on paper, but it was anything but. READ: