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    [results] => Array
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            [0] => Array
                (
                    [ArticleID] => 2560913
                    [Title] => PNB open to selling stake in PNB Holdings
                    [Summary] => 
MANILA, Philippines — Lucio Tan-led Philippine National Bank has expressed willingness to sell its stake in listed real estate holding company PNB Holdings Corp.

“Yes, we’re open,” PNB president and CEO Edwin Bautista said when asked if the bank would consider reducing its stake in PNB Holdings.

“So maybe get a strategic partner to, you know, get the whole shares, because at the end of the day we’re not really a real estate company. In fact, when we took it out of our balance sheet, the balance sheet of PNB itself was cleaner. It’s easy to value,” he said.

PNB is the largest shareholder in PNB Holdings with a 49.75-percent stake, equivalent to 23.35 billion shares.

Bautista said the potential sale of the bank’s shares in PNB Holdings would depend on “whoever will pay a good price.”

“I am just looking at the interest of PNB. I am obligated to sell it at best value,” he said.

PNB Holdings made its stock market debut last Sept. 25 after listing 46.93 billion shares by way of introduction on the Philippine Stock Exchange. This included 23.9 billion shares declared as property dividends by its parent firm, PNB, to its shareholders.

PNB Holdings owns, manages and develops strategically located commercial properties in Metro Manila, particularly in Makati and Pasay.

Its portfolio includes office, retail and event spaces anchored by properties such as PNB Financial Center, PNB Makati Center and its 8,000-square-meter property at the intersection of Buendia Avenue and Paseo de Roxas Avenue.

The company plans to pursue a phased redevelopment of selected assets, beginning with its Buendia property, which it envisions as a high-end mixed-use development.

“You can speculate (on why PNB Holdings’ ticker symbol is LTL), but it’s obvious. You know what LT is. L would be land, so figure out what L and T would mean,” Bautista said.

“Which is probably right because we want to as much as possible detach ourselves from PNB Holdings. Because some people think that it is the holding company that owns PNB. That is usually the thinking, but they ask why is the owner valued less than the son? So it creates confusion,” he said.

As for PNB itself, Bautista is optimistic the bank would sustain its strong first half momentum in the second semester.

PNB delivered a 17-percent jump in first-half net income to P14.6 billion on the back of stronger lending activity, higher fee-based revenues and improving asset quality.

“As you know, all our metrics are very good during the first half. So far the trend continues. I cannot tell exactly where it will land, but my guess is the growth rate is going to be very similar,” Bautista said.

                    [DatePublished] => 2026-10-05 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1805259
                    [AuthorName] => Richmond Mercurio
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2026/10/04/pnr_2026-10-04_19-14-04174_thumbnail.jpg
                )

            [1] => Array
                (
                    [ArticleID] => 2527439
                    [Title] => LTG profit rises 3% to P7.5 billion in Q1
                    [Summary] => 
LT Group Inc.  of taipan Lucio Tan saw its attributable net income inch up by three percent to P7.49 billion in the first quarter of 2026 from P7.24 billion in the same period last year amid improved performance across most of its business segments.

                    [DatePublished] => 2026-05-13 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1805259
                    [AuthorName] => Richmond Mercurio
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2026/05/12/lucio-tan_2026-05-12_18-57-4875_thumbnail.jpg
                )

            [2] => Array
                (
                    [ArticleID] => 2438066
                    [Title] => Tanduay boosts profit, maintains market leadership
                    [Summary] => 
Lucio Tan-owned liquor company Tanduay Distillers Inc. has maintained its market leadership in 2024 as its profit surged behind strong sales volumes.

                    [DatePublished] => 2025-04-25 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1805259
                    [AuthorName] => Richmond Mercurio
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/04/24/tanduay_2025-04-24_19-40-46242_thumbnail.jpg
                )

            [3] => Array
                (
                    [ArticleID] => 2431297
                    [Title] => Bautista named new PNB president, CEO
                    [Summary] => 
Lucio Tan’s Philippine National Bank (PNB) has announced the appointment of Edwin Bautista as its new president and chief executive officer effective April 29.

                    [DatePublished] => 2025-03-27 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/03/26/pnb_2025-03-26_19-32-47349_thumbnail.jpg
                )

            [4] => Array
                (
                    [ArticleID] => 2345325
                    [Title] => Action and performance
                    [Summary] => Lucio “Han” Tan III is truly an “action speaks louder than words” man, letting the financial performance of the various key businesses of the LT Group prove his managerial skills instead of him personally hogging the news and perhaps overshadowing his slew of new professional lieutenants who are helping him run the various companies under the group.
                    [DatePublished] => 2024-04-05 00:00:00
                    [ColumnID] => 136596
                    [Focus] => 1
                    [AuthorID] => 1489942
                    [AuthorName] => Mariane V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 2336075
                    [Title] => PNB asset sale seen to yield P5.4 billion
                    [Summary] => Philippine National Bank will raise at least P5.41 billion from the disposition and monetization of foreclosed assets in Makati, Mandaluyong and Quezon City next month.
                    [DatePublished] => 2024-02-26 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2024/02/25/pnb_2024-02-25_18-32-22523_thumbnail.jpg
                )

            [6] => Array
                (
                    [ArticleID] => 2311405
                    [Title] => Supreme Court upholds dismissal of ill-gotten wealth case vs Marcos Sr. estate
                    [Summary] => The consolidated cases involved Lucio Tan, the estate of Ferdinand Marcos Sr. represented by former first lady Imelda Marcos and their children, and several other alleged cronies with regard to a complaint first filed by the PCGG at the Sandiganbayan on July 17, 1987.
                    [DatePublished] => 2023-11-14 17:29:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1807953
                    [AuthorName] => Ian Laqui
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => https://media.philstar.com/photos/2023/11/14/supreme-court-file2018-11-2317-13-08-1_2023-11-14_17-42-01916_thumbnail.jpg
                )

            [7] => Array
                (
                    [ArticleID] => 2270541
                    [Title] => Another Lucio Tan grandson tapped to head property unit
                    [Summary] => Lucio Tan has named his grandson Kyle Tan as president and CEO of his property business Eton Properties Philippines Inc. during the company’s annual stockholders meeting yesterday, consolidating the leadership of his business empire into the third generation Tans.
                    [DatePublished] => 2023-06-01 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2023/06/01/kyle-tan_2023-06-01_14-52-04723_thumbnail.jpg
                )

            [8] => Array
                (
                    [ArticleID] => 2225006
                    [Title] => Allianz PNB doubles down on sustainability commitment
                    [Summary] => The joint venture between Lucio Tan’s Philippine National Bank and Allianz continues to double down on its sustainability commitment.
                    [DatePublished] => 2022-11-20 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 2181321
                    [Title] => As Tan empire transitions, all eyes are on Lucio Tan III
                    [Summary] => On the plane from the United States back to Manila in late 2019, Lucio “Han” Tan III, the grandson and namesake of the taipan, then 27, already knew he had to fill the huge void left by his father, Lucio “Bong” Tan II in the Tans’ sprawling business conglomerate.
                    [DatePublished] => 2022-05-16 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2022/05/15/tan_2022-05-15_18-59-37770_thumbnail.jpg
                )

        )

)

Lucio Tan

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 2560913
                    [Title] => PNB open to selling stake in PNB Holdings
                    [Summary] => 
MANILA, Philippines — Lucio Tan-led Philippine National Bank has expressed willingness to sell its stake in listed real estate holding company PNB Holdings Corp.

“Yes, we’re open,” PNB president and CEO Edwin Bautista said when asked if the bank would consider reducing its stake in PNB Holdings.

“So maybe get a strategic partner to, you know, get the whole shares, because at the end of the day we’re not really a real estate company. In fact, when we took it out of our balance sheet, the balance sheet of PNB itself was cleaner. It’s easy to value,” he said.

PNB is the largest shareholder in PNB Holdings with a 49.75-percent stake, equivalent to 23.35 billion shares.

Bautista said the potential sale of the bank’s shares in PNB Holdings would depend on “whoever will pay a good price.”

“I am just looking at the interest of PNB. I am obligated to sell it at best value,” he said.

PNB Holdings made its stock market debut last Sept. 25 after listing 46.93 billion shares by way of introduction on the Philippine Stock Exchange. This included 23.9 billion shares declared as property dividends by its parent firm, PNB, to its shareholders.

PNB Holdings owns, manages and develops strategically located commercial properties in Metro Manila, particularly in Makati and Pasay.

Its portfolio includes office, retail and event spaces anchored by properties such as PNB Financial Center, PNB Makati Center and its 8,000-square-meter property at the intersection of Buendia Avenue and Paseo de Roxas Avenue.

The company plans to pursue a phased redevelopment of selected assets, beginning with its Buendia property, which it envisions as a high-end mixed-use development.

“You can speculate (on why PNB Holdings’ ticker symbol is LTL), but it’s obvious. You know what LT is. L would be land, so figure out what L and T would mean,” Bautista said.

“Which is probably right because we want to as much as possible detach ourselves from PNB Holdings. Because some people think that it is the holding company that owns PNB. That is usually the thinking, but they ask why is the owner valued less than the son? So it creates confusion,” he said.

As for PNB itself, Bautista is optimistic the bank would sustain its strong first half momentum in the second semester.

PNB delivered a 17-percent jump in first-half net income to P14.6 billion on the back of stronger lending activity, higher fee-based revenues and improving asset quality.

“As you know, all our metrics are very good during the first half. So far the trend continues. I cannot tell exactly where it will land, but my guess is the growth rate is going to be very similar,” Bautista said.

                    [DatePublished] => 2026-10-05 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1805259
                    [AuthorName] => Richmond Mercurio
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2026/10/04/pnr_2026-10-04_19-14-04174_thumbnail.jpg
                )

            [1] => Array
                (
                    [ArticleID] => 2527439
                    [Title] => LTG profit rises 3% to P7.5 billion in Q1
                    [Summary] => 
LT Group Inc.  of taipan Lucio Tan saw its attributable net income inch up by three percent to P7.49 billion in the first quarter of 2026 from P7.24 billion in the same period last year amid improved performance across most of its business segments.

                    [DatePublished] => 2026-05-13 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1805259
                    [AuthorName] => Richmond Mercurio
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2026/05/12/lucio-tan_2026-05-12_18-57-4875_thumbnail.jpg
                )

            [2] => Array
                (
                    [ArticleID] => 2438066
                    [Title] => Tanduay boosts profit, maintains market leadership
                    [Summary] => 
Lucio Tan-owned liquor company Tanduay Distillers Inc. has maintained its market leadership in 2024 as its profit surged behind strong sales volumes.

                    [DatePublished] => 2025-04-25 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1805259
                    [AuthorName] => Richmond Mercurio
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/04/24/tanduay_2025-04-24_19-40-46242_thumbnail.jpg
                )

            [3] => Array
                (
                    [ArticleID] => 2431297
                    [Title] => Bautista named new PNB president, CEO
                    [Summary] => 
Lucio Tan’s Philippine National Bank (PNB) has announced the appointment of Edwin Bautista as its new president and chief executive officer effective April 29.

                    [DatePublished] => 2025-03-27 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2025/03/26/pnb_2025-03-26_19-32-47349_thumbnail.jpg
                )

            [4] => Array
                (
                    [ArticleID] => 2345325
                    [Title] => Action and performance
                    [Summary] => Lucio “Han” Tan III is truly an “action speaks louder than words” man, letting the financial performance of the various key businesses of the LT Group prove his managerial skills instead of him personally hogging the news and perhaps overshadowing his slew of new professional lieutenants who are helping him run the various companies under the group.
                    [DatePublished] => 2024-04-05 00:00:00
                    [ColumnID] => 136596
                    [Focus] => 1
                    [AuthorID] => 1489942
                    [AuthorName] => Mariane V. Go
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 2336075
                    [Title] => PNB asset sale seen to yield P5.4 billion
                    [Summary] => Philippine National Bank will raise at least P5.41 billion from the disposition and monetization of foreclosed assets in Makati, Mandaluyong and Quezon City next month.
                    [DatePublished] => 2024-02-26 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2024/02/25/pnb_2024-02-25_18-32-22523_thumbnail.jpg
                )

            [6] => Array
                (
                    [ArticleID] => 2311405
                    [Title] => Supreme Court upholds dismissal of ill-gotten wealth case vs Marcos Sr. estate
                    [Summary] => The consolidated cases involved Lucio Tan, the estate of Ferdinand Marcos Sr. represented by former first lady Imelda Marcos and their children, and several other alleged cronies with regard to a complaint first filed by the PCGG at the Sandiganbayan on July 17, 1987.
                    [DatePublished] => 2023-11-14 17:29:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1807953
                    [AuthorName] => Ian Laqui
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => https://media.philstar.com/photos/2023/11/14/supreme-court-file2018-11-2317-13-08-1_2023-11-14_17-42-01916_thumbnail.jpg
                )

            [7] => Array
                (
                    [ArticleID] => 2270541
                    [Title] => Another Lucio Tan grandson tapped to head property unit
                    [Summary] => Lucio Tan has named his grandson Kyle Tan as president and CEO of his property business Eton Properties Philippines Inc. during the company’s annual stockholders meeting yesterday, consolidating the leadership of his business empire into the third generation Tans.
                    [DatePublished] => 2023-06-01 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2023/06/01/kyle-tan_2023-06-01_14-52-04723_thumbnail.jpg
                )

            [8] => Array
                (
                    [ArticleID] => 2225006
                    [Title] => Allianz PNB doubles down on sustainability commitment
                    [Summary] => The joint venture between Lucio Tan’s Philippine National Bank and Allianz continues to double down on its sustainability commitment.
                    [DatePublished] => 2022-11-20 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [9] => Array
                (
                    [ArticleID] => 2181321
                    [Title] => As Tan empire transitions, all eyes are on Lucio Tan III
                    [Summary] => On the plane from the United States back to Manila in late 2019, Lucio “Han” Tan III, the grandson and namesake of the taipan, then 27, already knew he had to fill the huge void left by his father, Lucio “Bong” Tan II in the Tans’ sprawling business conglomerate.
                    [DatePublished] => 2022-05-16 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804708
                    [AuthorName] => Iris Gonzales
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2022/05/15/tan_2022-05-15_18-59-37770_thumbnail.jpg
                )

        )

)

abtest