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SM Prime decides to maintain its capital expenditures for 2021 at ₱80 billion. The integrated property developer likewise elects three new independent directors to its board, which include former Bangko Sentral ng Pilipinas governor Amando Tetangco Jr. ....
Published February 26, 2021, 7:30 AM 2GO Group, Inc., the Philippines’ largest integrated transportation and logistics provider, clinched a back-to-back win in the 2019 ASEAN Corporate Governance Scorecard (ACGS) Awards, bagging an ASEAN Asset Class Award this year. 2GO continues to be recognized as a top performing company in the ASEAN region in the corporate governance assessment, as evaluated by the ASEAN Capital Markets Forum (ACMF) Corporate Governance (CG) Working Group, through its CG experts. “We are very grateful and proud of this recognition. 2GO is committed to the principles and best practices of corporate governance in business dealings with our shareholders and stakeholders, may it be our very own employees, vendors, customers, or investors. We ensure that 2GO conducts ....
Published February 25, 2021, 5:30 AM Eight firms under the SM group of companies received Golden Arrow Awards from the Institute of Corporate Directors (ICD) for performing well in the ASEAN Corporate Governance Scorecard (ACGS). In a statement, the conglomerate said this is an assessment benchmarked against international best practices on corporate governance standards across the region. The SM companies which received the awards are: SM Investments Corporation, SM Prime Holdings, Inc., China Banking Corporation, Belle Corporation, BDO Unibank, Inc., Premium Leisure Corp., 2GO Group, Inc. and Atlas Consolidated Mining and Development Corporation. “We thank the Institute of Corporate Directors for this honor. The practice of corporate governance remains an integral part of our business and our company culture,” SMIC Chairman of the Board Jose T. Sio. ....
Published February 10, 2021, 5:30 AM The Philippine Stock Exchange, Inc. (PSE) is adding newly-listed firms in its sector indices while the main PSE index (PSEi) will see no changes in its composition. In a statement, the bourse said these changes are based on the regular stock performance review for the January to December 2020 period and will take effect on February 15, 2021. In terms of sector indices, ten companies will be added while seven will be removed. Among the ten listed firms are the three companies that listed on the main board in 2019 namely Axelum Resources Corporation (AXLM), AllHome Corporation (HOME), and Fruitas Holdings, Inc. (FRUIT). ....
Published February 8, 2021, 2:57 PM Seven members of the SM Group of Companies, led by flagship SM Investments Corporation (SMIC), clinched 10 awards for their high scores in the recently concluded 2019 ASEAN Corporate Governance Scorecard (ACGS) assessments. For the 2019 ACGS Assessment, three award categories were recognized: Top 20 ASEAN Publicly Listed Companies, ASEAN Asset Class Award and Top 3 Publicly Listed Companies per Country. “We are grateful for the honor. We strive to ensure a responsible business for the benefit of our various stakeholders,” SMIC Chairman Jose T. Sio said Under the ASEAN Asset Class Award, cited were SMIC, SM Prime Holdings, Inc. (SM Prime), 2GO Group, Inc., BDO Unibank, Inc., Belle Corporation, China Banking Corporation (China Bank) and Premium Leisure Corporation. ....