Companies

Globe Telecom President and CEO Ernest Cu retained kept the distinc­tion of being one of the most powerful telecommunication executives in the world following his inclusion on the elite list of Global Telecoms Business Power 100 for 2016.

By Riza Lozada The Securities and Exchange Commission (SEC) is pushing for a lower minimum float public requirement of real estate investment trusts (REIT) at 33 percent from the current 40 percent to encourage property ownership and promote development of the capital market.

The controlling stakes of businessman Roberto V. Ongpin at PhilWeb Corp. was sold to the company of Gregorio Ma. Araneta for about P2 billion, PhilWeb reported to the stock exchange.

In an effort to bring the services closer to the public, the Land Transportation Office (LTO) and SM Prime Holdings, Inc. on Tuesday signed a memorandum of agreement allowing the LTO to occupy a space for the Drivers License Renewal Center (DLRC) in various SM malls free of charge.

Asia’s Emerging Dragon Corp. (AEDC) of the Lucio Tan Group will submit an offer for the redevelopment of the Ninoy Aquino International Airport (Naia) under the government’s Public-Private Partnership (PPP) scheme.

Local brands were declared winners in the recent prestigious World Branding Award 2016 at a gala dinner held at Kensington Palace in London, the Department of Foreign Affairs (DFA) said in a statement.

By Riza Lozada Pilipinas Shell Petroleum Corp. (PSPC), a unit of Royal Dutch Shell, hopes to raise up to P2.7 billion in its initial public offer (IPO) through the issuance of 300 million shares including 30 million in new shares at an indicative price of 90 each.

The New Muara Container Terminal Services Sdn. Bhd. (NMCTS), a unit of International Container Terminal Services Inc. (ICTSI) and port services provider at the Port of Muara in Brunei, was recently honored at the 7th CMO Asia’s Best Employer Brand Awards 2016 in Singapore.

The Board of Investments (BOI) again hosted the Asia-Pacific Economic Cooperation (Apec) Automotive Dialogue (AD), a sectoral working group under the Committee on Trade and Investment (CTI) that serves as a forum for Apec member economy officials and senior industry representatives to work together to map-out strategies for increasing the integration and development of the automotive sector within the region. …

Media giant ABS-CBN Broadcasting Corp. and Philippine Long Distance Telephone (PLDT) Inc. have former a partnership to offer iWant TV, ABS-CBN’s pioneering video-on-demand service, to subscribers of PLDT and its mobile unit Smart.