10 Mar '11, 3am

DTN Thailand: Philippine Rizal Bank in talks to sell minority stake: MANILA, March 10 (Reuters) - Philippine len...

MANILA , March 10 (Reuters) - Philippine lender Rizal Commercial Banking Corp (RCBC) said on Thursday it was in talks to sell a minority stake worth about $100 million to an undisclosed investor as part of efforts to boost its capital. The bank announced earlier this week it had sold a 7.2 percent stake to International Finance Corp (IFC), the World Bank's private sector arm, for about $50 million. "This is to confirm that there are ongoing discussions which are not yet final," Elbert Zosa, RCBC's corporate information officer, told the stock exchange after a paper reported a new investor would buy 4.4 billion pesos ($100 million) of shares. The share sale, equivalent to a 14 percent stake, is part of a 6-6.5 billion peso Tier 1 capital raising plan that included the IFC investment, the report said, citing bank president Lorenzo Tan. The bank said on Wednesday the IFC inve...

Full article: http://sg.news.yahoo.com/philippine-rizal-bank-talks-sell...

Tweets

[CNA] Philippine president to visit Singapore

channelnewsasia.com 08 Mar '11, 1pm

SINGAPORE : Philippine President Benigno S Aquino III will be in Singapore for a three-day state visit from March 9-11. Wh...

DTN Thailand: Indonesia-Market Factors to watch...

sg.news.yahoo.com 10 Mar '11, 2am

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Philippine President climbs up 24 floors as ele...

sg.news.yahoo.com 10 Mar '11, 10am

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DTN Thailand: UPDATE 1-Taiwan's central bank se...

sg.news.yahoo.com 10 Mar '11, 5am

* Cenbank chief: to use all monetary policy tools * Inflation remains low, but seen rising * Cabinet approves plan to tax ...

Philippine President Aquino in S'pore for state visit:

Philippine President Aquino in S'pore for state...

channelnewsasia.com 10 Mar '11, 6am

SINGAPORE: Philippines President Benigno Aquino is on a three-day state visit to Singapore. He called on both President S ...

APB to sell stakes in China unit

channelnewsasia.com 09 Mar '11, 7am

SINGAPORE: Asia Pacific Breweries Ltd (APB) said its associate firm, Heineken-APB (China) Pte Ltd (HAPBC), plans to sell i...

Not quite the perfect crime: A Swedish bank rob...

straitstimes.com 10 Mar '11, 1am

COPENHAGEN - A SWEDISH bank robber forgot to cover his tracks and left three bottles of urine behind after hiding inside a...

DTN Thailand: Malaysia-Market factors to watch ...

sg.news.yahoo.com 10 Mar '11, 2am

KUALA LUMPUR, Mar 10 (Reuters) - Following is a list of events in Malaysia as well as news stories and press reports which...

Philippine nuclear proponent reverses stand

Philippine nuclear proponent reverses stand

straitstimes.com 14 Mar '11, 9am

Philippine scientists using a portable radiation detection machine called a "Surveillance And Measurement System" (SAM 935...