Zest-O’s Yao new ‘Grand MVP Bossing’
Former ambassador Alfredo Yao, whose ventures include juice maker Zest-O, its spin-off airline Zest Airways (now AirAsia Zest ) and Philippine Business Bank, was awarded the Grand MVP Bossing title...
View ArticlePBB buys Insular Savers Bank
PHILIPPINE Business Bank (PBB), a thrift bank led by the group of Zest-O founder Alfredo Yao, has struck a deal to buy Insular Savers Bank Inc., the rural banking arm of the Martirez family. In a...
View ArticlePBB nets P472M
THE ZEST-O group’s thrift bank arm Philippine Business Bank posted a net profit of P471.8 million in the first nine months, about 2 percent lower year-on-year due to large one-time gains booked in the...
View ArticleBeverage manufacturers buck higher taxes
Beverage manufacturers have reiterated their opposition to a pending bill aimed at jacking up the taxes slapped on sweetened beverages, which was approved by the ways and means committee of the Lower...
View ArticleYaos, Energy China team up for $2-B power project
BEIJING—Business magnate Alfredo Yao of the Zest-O group has hatched a partnership deal with Hong Kong-listed Energy China, the leading power engineering and construction firm in China, to invest more...
View ArticlePBB reports lower 9-month profit
The Zest-O group’s banking arm Philippine Business Bank (PBB) posted a net profit of P466.1 million in the first nine months of this year, down by 30.4 percent year-on-year due to lower trading gains...
View ArticlePBB nets P1.02B
MANILA, Philippines–Zest-O group-led Philippine Business Bank grew net profit in the first nine months by 67.9 percent year-on-year to P1.02 billion on higher interest earnings and treasury gains as...
View ArticleDespite solid 2020, PBB feels ‘trepidation’ up ahead
Zest-O group-led Philippine Business Bank (PBB) grew its third quarter net profit by 12.5 percent year-on-year to P501.19 million as higher interest earnings and trading gains made up for bigger loan...
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