AUTHORITIES in charge of ensuring that the illegal numbers game does not spread in Baguio and its neighboring towns were invited by the City Council last Friday to a consultation as regards the alleged resurgence of jueteng.

MANILA, Aug 18 (Reuters) - Trading in shares of Philippine holding company Baguio Gold Holdings Corp. was suspended on Friday after it confirmed it bought six firms jointly holding an 81.57 percent stake in Philippine Airlines (PAL) [PHL.UL ].

FLAG carrier Philippine Airlines (PAL) is going public through a ?backdoor listing? using publicly listed Baguio Gold Holdings Corp., analysts said Friday.

TRADING in shares of Baguio Gold Holdings Corp will be suspended Friday after the company disclosed its board of directors has approved the acquisition of a combined 81.57-percent interest in unlisted Philippine Airlines (PAL) from six companies, the stock exchange said.

BAGUIO Gold Holdings Corp said its board of directors has approved the acquisition of a combined 81.57-percent interest in Philippine Airlines (PAL) from six companies. Both Baguio Gold and PAL are controlled by Filipino-Chinese tycoon Lucio Tan.