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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...

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PBB 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...

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PBB 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...

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Beverage 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...

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Yaos, 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...

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PBB 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...

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PBB 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...

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Despite 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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