MANILA (Philippine Daily Inquirer/ANN): Globe dominated the Asean Corporate Governance Scorecard (ACGS) in a virtual awarding ceremony held on Friday (Jan 29).
The Securities and Exchange Commission (SEC) with the Institute of Corporate Directors (ICD) recognised Globe and other Philippine companies which excelled in the 2019 ACGS assessment.
Globe won in all prestigious award categories, being the lone telco to do so, among publicly listed firms in six of the participating Asean member countries – namely Indonesia, Malaysia, Singapore, Thailand, Vietnam, and the Philippines.
“Corporate Governance plays a significant role in the Globe Purpose. Our vision mission and core values are manifestations of how engrained corporate governance is in the business, ” said Globe President and CEO Ernest Cu.
2 February 2021
As part of continuing activities in the run-up to the 26th Conference of Parties (COP26), the British Embassy Manila in partnership with Eco Business hosted the high-level virtual event ‘Leaders or Laggards: Corporate leadership in low-carbon post-pandemic recovery’. It brought together policy makers, business leaders, industry representatives, chambers of commerce, and climate advocates including youth and media in an interactive dialogue on one of the most important challenges of our age.
Deputy Head of Mission Alastair Totty said:
As countries are slowly emerging from the pandemic, the global low carbon transition is inevitable and accelerating. Now is the time for businesses and companies to aggressively be part of the conversation and contribute concrete actions.
SunStar
+ February 01, 2021 COMPANIES from the Ayala group bagged top accolades at the 2019 Asean Corporate Governance Scorecard Awards held by the Securities and Exchange Commission and the Institute of Corporate Directors on Friday, January 29.
Ayala Corporation, BPI, Ayala Land Inc., and Globe Telecom were hailed Asean Asset Class Awardees after scoring at least 97.5 points. Last October, the London-based Ethical Boardroom also named Ayala Corporation and Globe as Best Corporate Governance awardees in Asia and Australasia.
In addition, Ayala Land Inc. and Globe Telecom were named two of the top three publicly-listed companies in the Philippines. Both companies have also made it to Asean s top 20 list.
Ayala s AC Energy expects to raise P30 billion from share sales in 2021
Feb 1, 2021 8:45 PM PHT
Reuters
AC Energy Philippines, the power generation unit of conglomerate Ayala Corporation, said on Monday, February 1, it expects to raise roughly P30 billion ($624 million) from share sales, including a follow-on offering around the middle of this year.
The amount includes the P5.3 billion raised last week from a stock rights issue, AC Energy president and chief executive officer Eric Francia said in a briefing.
The fundraising exercises also include a private placement deal with Arran Investment Ptd Ltd, an affiliate of Singapore s sovereign wealth fund GIC, involving a 17.5% stake in ACEN valued earlier at about P20 billion.
Husqvarna Arrives in the Philippines at a Starting Price of Just P 175k
Ablaze with fresh optimism for 2021, Adventure Cycle Philippines, Inc. (ACPI) is expanding its product offering with its second European motorcycle brand: Husqvarna Motorcycles.
ACPI is the motorcycle distribution arm of AC Industrial Technology Holdings Inc. (AC Industrials), a wholly-owned subsidiary of Ayala Corporation. AC Industrials operates and manages the Ayala group’s interests in industrial technology, covering manufacturing, engineering, specialty solar, and vehicle assembly, distribution, and retail.
The Husqvarna models are proudly assembled in Laguna at AC Industrials’ KTM Group-dedicated production plant, KTM Asia Motorcycle Manufacturing Inc. (KAMMI), which opened in 2017 and is a strategic joint venture with KTM AG, parent of both the KTM and Husqvarna brands. The growth of the factory over the last three years underscores the combination of outstanding Filipino skills and world-class