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.
Honda Cars Philippines Inc. is stepping on the accelerator as demand for its electrified lineup surges, with hybrid sales nearly doubling in 2025. President Rie Miyake called the uptick the start of “a new phase” in Honda’s local electrification drive.
The country’s gross international reserves rose to $111.1 billion at end-November 2025, up from $109.7 billion in October. Preliminary data from the Bangko Sentral ng Pilipinas (BSP) show the reserves can cover 7.4 months of imports, far above the standard three-month safety benchmark, signaling strong economic resilience.
The Philippines is heading into 2026 with economic resilience that continues to impress global observers—but experts warn that sustaining momentum will demand sharper reforms and more agile policymaking.
The Manila Electric Company (Meralco) has partnered with the Philippine Economic Zone Authority (PEZA) to support the development of new “greenfield” ecozones, including the Pantao Ecozone in Albay and the Palawan Mega Ecozone in Puerto Princesa.