Corporate
PSE to Launch GPDR and domestic derivatives by 2026
The Philippine Stock Exchange Inc. (PSE) plans to introduce the Global Philippine Depository Receipts (GPDR) program by Q1 2025 and domestic derivatives a year later.
Benguet Corp. ends debt restructuring deal, releases real estate assets
Benguet Corp., a publicly listed mining company, announced Wednesday that it has executed a mutual rescission agreement with its remaining creditors, including Wilshire Business Consulting Corp. and Armstrong Capital Holdings Corp., as well as the Philippine Veterans Bank as trustee.
Globe names Carl Raymond R. Cruz as new president, CEO
Globe Telecom Inc., the telecom and financial technology business of the Ayala Group, has announced the appointment of Carl Raymond R. Cruz as its new president and chief executive officer, effective from January 1, 2025.
SMAC raises P30M to help address hunger, quality education
SMAC, the loyalty program of SM, raised nearly P30 million from December 2023 to January 2024 to help address involuntary hunger and lack of access to quality education across the country, in collaboration with Globe’s Hapag Movement and SM Foundation.
SMC completes P1.02-B acquisition of Bulacan water firms
Manila Water Co. Inc. on Tuesday announced the successful completion of the sale of its water business in Bulacan to SMC Bulacan Water Services Corp.
