Thursday, 09 October 2025, 9:55 am

    Tag: Globe

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    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. 

    Globe urges stricter SIM registration with validated ID database for enhanced security

    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.

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    BSP recognizes Visayas partners for advancing financial inclusion and stability

    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 invests P1.9B in affiliate NAREDCO

    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.

    UnionBank to inject P1.5B into CitySavings

    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 secures 3 new petroleum exploration deals 

    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.

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