Globe Telecom Inc. said the appointment of Raymond Carl R. Cruz as its new president and chief executive officer, effective 22 April, was approved by shareholders during their annual stockholders’ meeting. Globe directors ratified Cruz's appointment during its subsequent organizational meeting.
Globe Telecom Inc., the listed digital platform of the Ayala Group, has completed the final batch of its tower sale and leaseback deal with Unity Digital Infrastructure, transferring 121 sites for P1.45 billion.
Ayala Corp., a diversified investment holding company, reported a record net income of P42.0 billion for 2024, up 10 percent year-on-year increase. Excluding one-off items, its core net income hit P45.0 billion, marking a significant milestone for the company.
Globe Telecom is reinforcing its commitment to the SIM Registration Act (RA 11934), emphasizing the need for a validated database to combat SIM card-related crimes.
The Bangko Sentral ng Pilipinas (BSP) honored ten outstanding institutional partners from the Visayas during the 2025 Outstanding BSP Stakeholders Appreciation Ceremony (OBSAC), underscoring the critical role of collaboration in achieving a stable, inclusive financial system.
ACEN Corp. has invested P1.9 billion in its affiliate, Natures Renewable Development Corp. (NAREDCO), through the subscription of 419,690 redeemable preferred shares priced at P4,527.16 each.
Union Bank of the Philippines, the banking arm of the Aboitiz Group, has approved a capital infusion of up to P1.5 billion into its thrift bank subsidiary, City Savings Bank Inc. (CitySavings), to support the latter’s continued expansion and operational needs.
PXP Energy Corp. has secured participation in three of the eight newly signed Petroleum Service Contracts (SCs) under the Marcos administration, bolstering its position in the country’s upstream oil and gas exploration sector.