The talk is Virginias new owner is ho hum, who else? Lucio Tan. Just recently, Mr. Tan lost P200 million in an e-procurement venture called Catering X, the baby of his son Lucio Tan Jr.
A joint venture with Oracle Asia-Pacific, Catering X aimed to bring together buyers and sellers of food and other stuff that airlines and hotels would need. The idea was to get the best quality, least-priced stuff through electronic bidding.
On the side chance that the company is not really in such dire straits and that their jobs could be saved, some of these ever loyal employees have been recently going to the office of Philcomsat chairman Enrique Locsin, who has sided with another board headed by Manuel Nieto Jr.
For one, canceling an approved line is just not done.
For another, the bank has a more than a professional relationship with the company. The majority owners of the bank and the company are in-laws, by virtue of the marriage of the bank owners daughter to the company owners brother.
Then again, the companys property ventures including a building in Binondo have been truly disastrous.
According to car shops or talyers, Metrobank has the most competitive car financing programs (read: cheapest interest rate) within the banking industry and that is not limited to cars from Toyota Motor Phils. Inc., where the younger Mr. Tys brother, Alfred Ty, is a senior officer.
Geared towards The Podiums upscale customer, the tiangge which sell not only organically grown vegetables and dairy products from animals that have been organically fed but also soaps, candles and whatever is currently in its pilot stage.