Lucio Tan

Lucio Tan is a prominent Filipino businessman who heads the LT Group, a conglomerate with interests in aviation, banking, tobacco, beverages, and real estate. In 2024, his companies reported significant profits, including Philippine Airlines’ net income of P10.01 billion and LT Group’s record-high earnings of ₱28.92 billion. Tan's influence extends to appointing key executives in various sectors, such as Richard Nuttall as the first foreign president of PAL starting May 29, 2025.

This is an AI-generated summary based on recent coverage.
Last updated at April 23, 2025.

Recent stories about Lucio Tan

PAL appoints British exec Richard Nuttall as president

Philippine Airlines (PAL) has appointed British aviation veteran Richard Nuttall as its new president, effective May 29, marking the first time in PAL's 84-year history that a foreigner will lead the airline.
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Villar leads Philippines' billionaires with $17.2B net worth

Manuel B. Villar Jr., with a net worth of $17.2 billion, leads the Philippines' billionaires list according to Forbes Magazine's latest ranking.
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Manny Villar leads Forbes Billionaires list with $17.2B

Real estate magnate Manuel "Manny" Villar Jr. leads Filipinos on the Forbes Billionaires 2025 list with a net worth of $17.2 billion (~P984.4 billion), ranking 117th overall.
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PNB appoints Edwin R. Bautista as new president

Lucio Tan’s Philippine National Bank (PNB) has appointed Edwin R. Bautista, former chief of UnionBank, as its new president to succeed Florido P. Casuela effective April 29, 2025.
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LT Group posts record ₱28.92B net income; FTC, PNB lead contributors

LT Group Inc., the holding company of Lucio Tan, reported a record-high net income increase of 14 percent to ₱28.92 billion for last year.
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LT Group reports lower profits due to drop in tobacco sales

The LT Group, headed by tycoon Lucio Tan, reported lower profits for the first half of 2024 due to a significant drop in tobacco sales.
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Marcos directs agencies to streamline e-visa process for Indians

President Ferdinand 'Bongbong' Marcos Jr. has ordered government agencies to review and streamline the e-visa system for Indian nationals during a meeting with the Private Sector Advisory Council (PSAC) Tourism Sector Group at Malacañang Palace on Wednesday.
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16 Filipinos on Forbes' richest list, Villar ranks 190th with $11B

Sixteen Filipinos made it to Forbes Magazine's list of the world's richest people, with Real Estate mogul Manuel Villar ranking 190th with a wealth increase to $11 billion.
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SC upholds dismissal of PCGG cases on Marcos, Tan

The Supreme Court upheld a 2012 Sandiganbayan ruling, dismissing the Philippine government's claim on Lucio Tan's company holdings and ending cases related to ill-gotten wealth against Marcos and his associates.
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PNB names Lucio Tan chairman emeritus

Philippine National Bank (PNB) named Lucio Tan as chairman emeritus on Monday, September 25.
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