Companies

Property conglomerate Ayala Land Inc. (ALI) has paid 25 percent of its P5.625 billion common shares subscription into Prime Orion Philippines Inc. (POPI) equivalent to 51.06 percent of total outstanding shares.

Listed Manila Electric Co. (Meralco) said its core earnings reached P18.9 billion in 2015, up four percent from P18.1 billion in 2014. 

Flag carrier Philippine Airlines acquired six A350-900 aircraft, with option for another six of the aircraft in a major refleeting drive as regional airlines prepare for an expanded market with the start of the Association of Southeast Asian Nations (Asean) Economic Community (AEC).

The board of Boulevard Holdings Inc. (BHI) approved the increase of its unit Friday’s Holdings Inc.’s (FHI) authorized capital stock by P266 million.

Ayala Land Inc. (ALI) reported a net income of P17.6 billion for last year, up by 19 percent on consolidated revenues of P107.2 billion which improved by 13 percent mainly attributable to growth drivers comprised of established and emerging estates.

Conglomerate LT Group Inc. through its subsidiary Tanduay Holdings Inc. bought 131,863,677 shares or approximately 4.5 percent of the total outstanding and issued shares of Victorias Milling Corp.(VMC) worth P660 million.

Security Bank Corp. (SBC) has received multiple honors from Corporate Governance Asia for its high ethical business standards.

The Board of Investments (BOI) gathered last week representatives of various government agencies to generate insights and recommendations on the proposal to integrate inclusive business (IB) in government policies.

As part of its commitment to help build a digital nation, Globe Telecom is expanding the reach of its nationwide digital solutions caravan for small and medium enterprises (SMEs) through its SME arm Globe myBusiness as it holds the 3rd Globe myBusiness Day in Batangas City.

The European Commission is making available P156.34 million in humanitarian aid to assist people affected both by the aftermath of Typhoon Nona and the prolonged conflict in Mindanao.