Corporate
AGI trims 2025 capex amid profit dip
Alliance Global Group Inc. (AGI), the conglomerate led by billionaire Andrew Tan, is scaling back capital expenditure this year to ₱63 billion, a 7 percent drop from last year’s ₱68 billion as it navigates rising costs and economic headwinds.
BOC cracks down vs P3.26B illicit vape shipments in major sweep
The Bureau of Customs (BOC) has launched a major operation to destroy approximately P3.26 billion worth of seized illicit vape products, reinforcing its commitment...
Globe Telecom stays the course on GCash IPO despite tariff-driven headwinds
Globe Telecom Inc. remains firmly committed to taking its fintech arm GCash public, undeterred by mounting economic uncertainty tied to U.S. President Donald Trump's new tariff policy.
Globe shareholders approve Raymond Cruz’s appointment as CEO
Globe Telecom Inc. said the appointment of Raymond Carl R. Cruz as its new president and chief executive officer, effective 22 April, was approved by shareholders during their annual stockholders’ meeting. Globe directors ratified Cruz's appointment during its subsequent organizational meeting.
Cebu Landmsters fined over asset reclassification error
Cebu Landmasters Inc. (CLI) said Tuesday it has been assessed a penalty by the Office of the General Accountant (OGA) of the Securities and Exchange Commission (SEC) due to an error in the reclassification of assets.
