Corporate

Globe Telecom Inc. has completed a significant step in its capital management strategy after concluding a tender offer for its USD600 million 4.2 percent Senior Perpetual Capital Securities, resulting in the repurchase of a large portion of the outstanding debt instrument.

EastWest Bank is doubling down on prudent expansion, sharpening its focus on wealth management, hyper-local growth, and digitalization as it navigates a more uncertain economic landscape.

MREIT Inc., the real estate investment trust arm of Megaworld Corp., posted its strongest quarterly performance to date in the first quarter, as a recently completed acquisition and improved operating efficiency combined to drive broad based growth in earnings, revenues, and margins.

China Banking Corp., the country’s 5th largest lender by assets, sustained its growth momentum in the first quarter, posting a net income of P6.8 billion, up 4 percent year on year, as lending and deposit activities continued to drive performance despite a still evolving interest rate environment.

Energy company ACEN Corp. said it is considering several ways to raise additional capital within the next 6 to 12 months to support its renewable energy (RE) projects.