Saturday, 07 February 2026, 6:57 am

    Tag: Globe

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    Globe advances tower deal with MIDC, PhilTower

    Globe Telecom Inc., a leading digital platform in the Philippines, has further advanced its tower sale and leaseback initiatives with two major partners—MIESCOR Infrastructure Development Corp.  and Phil-Tower Consortium Inc. (PhilTower).

    Telecom, energy units weigh down Ayala 1Q earnings

    Ayala Corp., the diversified holding company of the Ayala Group, reported a 3.7 percent decline in net income to P12.6 billion in the first quarter, weighed down by one-off items and weaker contributions from its telecom and energy units.

    Globe shareholders approve Raymond Cruz’s appointment as CEO

    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 completes tower transfer to Unity

    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. posts P42B net income in 2024, plans P200B capex in 2025

    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. 

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    Foreign currency reserves rise, helping buffer peso weakness

    The country’s gross international reserves increased to US$112.5 billion as of end-January 2026, based on preliminary Bangko Sentral ng Pilipinas data, providing a strong external buffer at a time when the local currency has shown some weakness against the US dollar.

    Off-dock returns pitch targets Manila port jam

    A proposal to move empty containers off-dock could relieve pressure at the Manila International Container Port, with the United Port Users Confederation of the Philippines urging the Bureau of Customs to redirect haulers to private depots.

    PH, US pact pushes shift from raw ore exports to minerals processing

    The Philippine government has signed an agreement with the United States aimed at developing the country’s critical minerals and rare earths sector, a move seen as key to transforming the Philippines into a regional minerals processing hub.

    PH–Australia deal smooths seafarer mobility, trade

    Australia and the Philippines have reinforced maritime cooperation by reaffirming the mutual recognition of seafarer certificates, a move expected to ease administrative barriers and improve shipping efficiency between the two nations, the Australian Embassy in Manila said.

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