Corporate
Globe selling 77% ECPay stake to GCash parent for P2.31B
Globe Telecom Inc. said Monday it is unloading its controlling stake in Electronic Commerce Payments Inc., or ECPay, to Gcash’s parent company Globe Fintech Innovations Inc. (Mynt) for P2.31 billion.
SEC extends amnesty program by another month
The Securities and Exchange Commission (SEC) has granted a final one-month extension of the amnesty application of non-compliant and suspended or revoked corporations, before a new and more punitive scale of fines and penalties come into effect.
Bloomberry raising P5.59B via two-step equity offering
Bloomberry Resorts Corp. said Friday its board approved a two-step capital-raising plan that would generate P5.59 billion for the listed resort and casino operations business of tycoon Enrique Razon.
SEC, Gcash agree to fight online fraud together
The Securities and Exchange Commission and GCash operator G-Xchange Inc. on Thursday agreed to go after those involved in online fraud, e-scams and other cybercrimes.
Fernando Zobel elected as board member of Ayala Corp.
Fernando Zobel de Ayala was elected Thursday as board director of Ayala Corp. and completed his return to the conglomerate following a medical leave last year.
