Companies

SM Supermalls has partnered with BDO and SM Store for the biggest annual OFW Christmas party via the “5th Pamaskong Handog Para sa Global Pinoys” that is set to happen in ten SM malls nationwide. 

Communications gi­ant Globe Telecom is seeking govern­ment help in its bid to speed up the installation of more cell sites in the country as consumer demand for mo­bile data rises.

Diversified Ayala Corp. (AC) fully redeemed P10 billion of its 5.45 percent bonds due on 2019 to fulfill call option on the debt instruments.

Global port operator Inter­national Container Terminal Services Inc. (ICTSI) is com­mited to developing, man­aging and operating ports in Kenya and East Africa in general, Jacob Gulmann, ICTSI Business Develop­ment Director, said.

By Riza Lozada The Securities and Exchange Commission (SEC) has approved bourse trading in US dollars or the so-called US-Dollar Denominated Securities (DDS) at the Philippine Stock Exchange (PSE) to provide issuers an opportunity to raise capital without incurring foreign exchange risks.

By Riza Lozada Listed PAL Holdings Inc. reported a nine-month profit of P2.96 billion, lower by 54.8 percent from a year ago.

Basra Gateway Terminal (BGT), International Container Terminal Services Inc.’s (ICTSI) Iraqi unit operating at the Port of Umm Qasr, was recently conferred the “Contribution to the Development of the Regional Maritime Cluster Award” at the 2016 Seatrade Maritime Awards for the Middle East, Indian Subcontinent, and Africa.

By Riza Lozada A Brown Company Inc. (ABC), with its consortium partners, has entered into a cooperation agreement with MTD Philippines, a subsidiary of infrastructure conglomerate AlloyMTD of Malaysia, for the development of the Philippine National Railways (PNR) East-West Rail Project.

The Philippine Stock Exchange Inc. (PSE) recently recognizing listed com­panies and trading participants that adhere to the highest corporate gover­nance standards through the 5th PSE Bell Awards.

Ayala Corp. (AC) posted an 11 percent increase in net income to 19.6 billion for the first nine months buoyed by the strong equity earnings from Ayala’s business units which amounted to 23.6 bil­lion, which was 10 percent higher than a year ago.