Monday, August 8, 2022
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Corporate

Lucio Tan’s daughter joins board of PAL, eyes changes

Darwin G. AmojelarbyDarwin G. Amojelar
October 6, 2019, 7:20 pm
in Corporate
Reading Time: 2 mins read
A A
72
SHARES
Share on FacebookShare on TwitterShare on Email

The daughter of taipan Lucio Tan has been appointed to the board of flag carrier Philippine Airlines to focus on the airline’s return to profitability.

The appointment of Vivienne Tan, concurrently PAL executive vice president for treasury, treasurer and chief administrative officer to the airline’s 15-man board, was part of a reorganization to bring PAL back on the road to recovery.

“With this added responsibility, I shall continue to be focused in steering the company to profitability,” Tan said in a statement.

PAL president and chief operating officer Gilbert Santa Maria said the management would work hard to achieve its goal to turn around the company. 

Santa Maria said the flag carrier would embark on digital transformation initiatives to ensure the airline’s needs were met by the most ideal technology solutions—a move seen to pave the way for the company’s right-sizing and return to profitability.

ADVERTISEMENT

Tan’s daughter, along with Santa Maria and his team, in the last three months has been mapping out strategies to reduce costs, enhance customer experience and increase revenues. The next few months will be crucial as the new PAL management introduces major changes in the 78-year old airline.

In addition, the PAL board accepted the resignations of seniors officers Angelito Alvarez and Siegfred Mison, and board member Cirilo Noel.

PAL Holdings Inc., the parent firm of PAL, earlier posted a net loss of P3.01 billion in the first half of the year from a loss of P661.56 million year-on-year.

PAL Holdings said consolidated revenues in the January-to-June period amounted to P81.25 billion, up 8.6 percent from P74.85 billion on year, on increased flights and sales. 

Earlier, Japan’s ANA Holdings Inc., the Japanese parent company of All Nippon Airways, invested $95 million for a 9.5-percent stake in PAL Holdings.

ANA HD acquired the shares from Trustmark Holdings Corp., which is owned by the family of billionaire Lucio Tan and the largest shareholder of PAL Holdings.

Tags: ANA Holdings Inc.Lucio TanPALPhilippine AirlinesVivienne Tan
ADVERTISEMENT
Darwin G. Amojelar

Darwin G. Amojelar

Related Posts

Ayala Land’s income jumped 51% to P4.9 billion in second quarter on increased revenues

byJenniffer B. Austria
August 5, 2022, 9:35 pm
0
192
AREIT, Ayala Land get SEC’s nod on P15.4-b asset swap

Property developer Ayala Land Inc. said Friday second-quarter net income jumped 51 percent to P4.9 billion from P3.26 billion in...

Read more

Robinsons Retail doubles net profit

byJenniffer B. Austria
August 5, 2022, 8:55 pm
0
150
Robinsons Retail earned P1.2b in Q1

Robinsons Retail Holdings Inc. said Friday net income more than doubled to P1.55 billion in the second quarter from P724...

Read more

ICTSI posted 50% net income increase to $294.5m in first half

byManila Standard
August 4, 2022, 6:40 pm
0
168
ICTSI plans to invest $230m next year to expand Mexican terminal capacity

Port operator International Container Terminal Services Inc. said Thursday net income jumped 50 percent in the first six months to...

Read more

SMC earnings fell 33% but 1st  half sales rebounded

byJenniffer B. Austria
August 4, 2022, 6:35 pm
0
200
PAREX project will not impact Intramuros – Ang

Diversified conglomerate San Miguel Corp. said Thursday net income fell 33 percent in the first half to P19.8 billion from...

Read more

Del Monte unit buys Kitchen Basics brand

byJenniffer B. Austria
August 4, 2022, 6:25 pm
0
181

Del Monte Pacific Limited said Thursday US-based subsidiary Del Monte Food Inc. acquired the Kitchen Basics brand of ready-to-use stock...

Read more

SM Investments raised 6-month net income by 27% to P25.5b

byJenniffer B. Austria
August 3, 2022, 8:05 pm
0
183
SM Investments bags 3 Alpha magazine awards

Conglomerate SM Investments Corp. registered a net income of P25.5 billion in the first six months of the year, up...

Read more

Stories you may like

  • Zubiri new Senate President, vows to uphold chamber’s independence

    Marcos sees stronger PH-India relations

    5657 shares
    Share 2263 Tweet 1414
  • Showbiz icon Cherie Gil dies at 59

    2586 shares
    Share 1034 Tweet 647
  • Replevin and its common law origins

    1243 shares
    Share 497 Tweet 311
  • Getting into character: How the cast of ‘Maid in Malacañang’ prepared for their roles

    2637 shares
    Share 1055 Tweet 659
  • ES Rodriguez finds another ally in Congress

    1129 shares
    Share 452 Tweet 282

Print Edition

View More

Recent Posts

  • Enjoy healthy air, complete rainy season protection at home with LG AirCare Complete System
  • Discover Southeast Asia’s must-have finds thru ASEAN Online Sale 
  • Heno captures BWO championship
  • Get connected in 24 hours: Globe At Home redefines customer experience with new GFiber online channel
  • Productivity in the pocket: Remote work has never been easier with Samsung Galaxy foldable phones
  • Binance Labs boasts of historic 2100% rate of return since inception
  • Filipino Tech Developer Tetrix launches ‘Tetrix Link’ to digitize contact exchange in business networking
  • Hong Kong reduces Covid quarantine for arrivals

Advertisement

Latest News

Binance Labs boasts of historic 2100% rate of return since inception

byMST Tech
August 8, 2022, 1:28 pm
0
140
Binance Labs boasts of historic 2100% rate of return since inception

Binance, the world’s leading blockchain ecosystem behind the largest cryptocurrency exchange, today announced the appointment of its Co-Founder Yi He...

Read more

Filipino Tech Developer Tetrix launches ‘Tetrix Link’ to digitize contact exchange in business networking

byMST Tech
August 8, 2022, 1:17 pm
0
142
Filipino Tech Developer Tetrix launches ‘Tetrix Link’ to digitize contact exchange in business networking

Tetrix Link harnesses near-field communication (NFC) technology present in mobile phones to enable users to conveniently share their information in...

Read more

Hong Kong reduces Covid quarantine for arrivals

byAFP
August 8, 2022, 1:07 pm
0
134
Hong Kong reduces Covid quarantine for arrivals

Hong Kong will cut mandatory hotel quarantine for international arrivals from one week to three days from Friday, Chief Executive...

Read more

Special deals, freebies await Nokia mobile fans this rainy season

byMST Tech
August 8, 2022, 12:43 pm
0
156
Special deals, freebies await Nokia mobile fans this rainy season

Making the cloudy days brighter, HMD Global, the home of Nokia phones, announces deals and promos for fans to enjoy this wet season. Selected...

Read more

Pag-IBIG posts P20.48 B income in H1 2022: up 27%

byManila Standard Digital
August 8, 2022, 12:07 pm
0
139
Pag-IBIG posts P20.48 B income in H1 2022: up 27%

Pag-IBIG Fund posted earnings of P20.48 billion in the first half of 2022, an impressive 27% increase compared to the...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App