Corporate

Alliance Global Group Inc. (AGI), the listed investment holding firm of tycoon Andrew Tan, said that affiliate California Orchard Growers Investment Inc. has sold its entire block of 120 million AGI shares to The Andersons Group Inc., the company’s principal shareholder.

Cebu Air Inc., the Gokongwei Group’s listed airline operator behind the Cebu Pacific brand, has named long-time executive Pamela Rae Chua as its new treasurer effective December 1. She succeeds Elynore Villanueva, who has retired from the post.

SM Investments Corp., the parent firm of the SM Group, has received a Silver Rank from the Asia Sustainability Reporting Rating (ASRRAT) for its 2024 Sustainability Report. This is the company’s fourth recognition for strong sustainability disclosure.

Filinvest Land Inc. (FLI) has completed its ₱1.86-billion reinvestment program using proceeds from its Filinvest REIT Corp. (Filreit) share buyback and share exchange carried out on December 11, 2023.

A new survey from on-demand delivery platform Lalamove shows that while many Filipino small and medium enterprises (SMEs) remain careful in their business decisions, most expect conditions to improve by 2026.