Globe in Talks with 3rd Parties for Creation of Independent Tower Company

Globe Telecom Inc. (PSE: GLO) has initiated discussions with independent third parties for the establishment of a tower company to help speed up the build and deployment of cellular towers in the Philippines. Globe is looking at divesting all or part of its tower assets to independent tower companies as part of its network expansion […]
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Ayala Acquires NTC

AC Education Inc. (AEI), the wholly-owned education arm of Ayala Corp. (PSE: AC), was selected as the winning bidder of the tender process conducted for the sale of shares of National Teachers College (NTC). A Share Purchase Agreement for approximately 96% of NTC’s shares has been executed by the parties. The acquisition remains subject to […]
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RHI Q1 Revenues Jump 39% to PhP2B

Integrated sugar and ethanol producer Roxas Holdings Inc. (RHI, PSE: ROX) has announced its unaudited financial and operating results for the first quarter of Crop Year 2018. The Group’s consolidated revenues for the quarter climbed 39% to PhP2.07 billion from the PhP1.49 billion recorded for the same period in Q1 2017 driven by increased volume […]
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Ayala Restructures Energy Business

Ayala Corp.’s (PSE: AC) board of directors approved the restructuring of Ayala’s energy business that will result in the creation of two wholly owned platforms, Renewable Energy and Thermal Energy. The restructuring will be undertaken through the following steps: 1. Creation of a new holding company: AC Renewables Inc. 2. Transfer of renewable assets to […]
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Nickel Asia Estimates 9% Growth in 2017 Shipment Value

Nickel Asia Corp. (PSE: NIKL) has¬†announced that the company’s estimated value of shipments in 2017 rose by 9% to PhP14.45 billion from PhP13.23 billion in 2016. Although shipment volumes were lower compared to the prior year, the increase in revenues was due to higher average prices, in part the result of a change in the […]
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2017 Foreign Portfolio Investment Transactions Show Net Outflows

Registered foreign portfolio investments for 2017 aggregated $16.1 billion, 8.9 percent lower than the $17.6 billion level in the previous year, according to the Bangko Sentral ng Pilipinas (BSP). On a monthly basis, the lowest gross inflows were recorded in August ($936 million) while the peak was noted in June ($2 billion). On a quarterly […]
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BPI Approves Stock Rights Offer for Up to PhP50 Billion

Bank of the Philippine Islands (PSE: BPI) approved a stock rights offering (SRO) of common shares to eligible shareholders to raise up to PhP50 billion to support its growth and strategic initiatives in the coming years. The bank believes that the Philippine banking sector continues to present significant medium and long-term growth prospects and that […]
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GT Capital to Subscribe in Metrobank Stock Rights Offer

GT Capital Holdings Inc. (PSE: GTCAP) has disclosed that it intends to fully subscribe in Metropolitan Bank and Trust Co.’s (Metrobank, PSE: MBT) stock rights offer (SRO), as disclosed by Metrobank on 17 January 2018. GT Capital currently owns 36.09% of Metrobank, one of the country’s largest banks in terms of assets, deposit base, and […]
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