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Ayala acquires majority stake in Cebu Velez General Hospital

MANILA, Philippines — The healthcare arm of the Ayala Group has expanded its presence in the country’s second-largest metropolis. AC Health on Friday announced it had acquired a majority stake in Cebu Velez General Hospital (CVGH). This was done through the Zobel family-led company’s provider arm Healthway Medical Network, in an agreement with the Velez family. READ: Temasek

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SCHEDULE: UAAP Season 88 basketball tournament

The UAAP Season 88 tips off with the basketball tournaments starting September 20. Games will be held every Wednesday, Saturday and Sunday at UST Quadricentennial Pavilion, Smart Araneta Coliseum and Mall of Asia Arena. This season features basketball competitions in the men’s, women’s and 16-under divisions. Highlighting the men’s basketball first round games are the

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BSP caps bank cash withdrawals at P500,000 to curb laundering

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) ordered banks to limit over-the-counter cash withdrawals to P500,000 a day. This is part of efforts to reduce money laundering risks tied to large-value transactions. This developed as the BSP investigated bank accounts linked to individuals accused of anomalies in government flood control projects. The central