Corporate
Globe sustains Capex reduction in 2025
Globe continues to optimize its capital investments with a sustained reduction in capital expenditures (capex) in 2025 to under USD1 billion with the goal of achieving positive free cash flow, reinforcing its commitment to financial discipline and long-term sustainability.
Makati hits 61 percent of 2025 revenue target, collects P11.77B in January – Mayor Abby
Good corporate citizens and well-meaning businessmen in Makati City continued to drive tax collection in one of the premier business districts in the country.
Makati...
AREIT posts strong growth, announces new acquisition
AREIT Inc., the listed real estate investment trust of the Ayala Group, delivered a robust financial performance for 2024, posting total revenue of P10.3 billion, a 44 percent increase from 2023.
Keppel requests trading suspension amid delisting move
Keppel Philippine Holdings Inc. on Friday sought the suspension of trading for its common shares on the Philippine Stock Exchange (PSE) following the approval of its board of a tender offer aimed at the company’s eventual delisting.
It’s a go for Ayala Land, Areit property-for-share swap
Ayala Land Inc. has approved a P20.99 billion property-for-share swap with its real estate investment trust, Areit Inc. The deal will see Ayala Land’s units—Accendo Commercial Corp., Cagayan de Oro Gateway Corp., and Central Bloc Hotel Ventures Inc.—subscribe to 505.89 million primary common shares of Areit in exchange for eight commercial properties.
