Corporate
Globe Telecom retains MSCI ESG Rating of ‘AA’ for second year
Globe Telecom has maintained its MSCI ESG Rating of ‘AA’ for the second consecutive year, reinforcing its status as a leader in environmental, social, and corporate governance within the telecom sector.
Petron sets dividend rates on preferred shares to be offered to raise P17 billion
Petron Corp., the country’s largest oil refiner with operations in Malaysia, said Friday its board has approved the dividend rates on Series 4 preferred shares it plans to offer starting next week to raise as much as P17 billion.
S&P Global upgrades Meralco credit rating to ‘BBB’, a notch below sovereign rating
International credit rating agency S&P Global upgraded the debt rating of Manila Electric Co., the country’s largest power distributor, by a notch to ‘BBB’ with stable outlook from ‘BBB-’.
SEC revokes Lucky South 99 franchise
The Securities and Exchange Commission has revoked the incorporation papers of Lucky South 99 Corp. for operating as a Philippine offshore gaming operator even though its registration was as a business process outsourcing company.
SEC revokes Procap, Ray International franchise
The Securities and Exchange Commission (SEC) has cancelled the corporate registrations of Procap International and Ray International Philippines Corp. who were caught illegally soliciting investments from the public.
