Philippine Stock Exchange

JCB and East West Banking Corporation announce the launch of EastWest JCB Credit Card

Retrieved on: 
Thursday, November 10, 2022

TOKYO & MANILA, Nov 10, 2022 - (JCN Newswire) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, and East West Banking Corporation announce the launch of EastWest JCB Credit Card, a first for JCB in the Philippines in 25 years.

Key Points: 
  • TOKYO & MANILA, Nov 10, 2022 - (JCN Newswire) - JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan's only international payment brand, and East West Banking Corporation announce the launch of EastWest JCB Credit Card, a first for JCB in the Philippines in 25 years.
  • EastWest JCB Gold Credit Card and EastWest JCB Platinum Credit Card offer several rewards such as accumulate reward points that can redeem them for airline miles, cash rebates, or annual membership fee waiver.
  • JCB was headed by President and COO of JCB International Yoshiki Kaneko and Yusuke Matsui, JCB Manila's Country Manager.
  • JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan.

Philippines' Globe receives overwhelming support for PHP17B rights offer

Retrieved on: 
Wednesday, November 9, 2022

MANILA, Philippines, Nov. 9, 2022 /PRNewswire/ -- Leading Philippine digital solutions platform Globe (PSE: GLO) has received overwhelming shareholder support for its first rights offer in over two decades, raising gross proceeds of approximately 17 billion.

Key Points: 
  • MANILA, Philippines, Nov. 9, 2022 /PRNewswire/ -- Leading Philippine digital solutions platform Globe (PSE: GLO) has received overwhelming shareholder support for its first rights offer in over two decades, raising gross proceeds of approximately 17 billion.
  • The offer marks the triumphant return of Globe to equity capital markets since it last raised equity from its shareholders.
  • Even in the face of market headwinds, the rights offer was oversubscribed and all the offer shares were fully allocated to existing shareholders.
  • This support reflects trust in the capability of Globe to execute our core business and digital service platform initiatives.

AST SpaceMobile Announces Collaboration with Globe Telecom

Retrieved on: 
Thursday, April 28, 2022

AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network designed to be accessible directly by standard mobile phones, today announced a Memorandum of Understanding ("MoU") with Globe Telecom, Inc. ("Globe") (NASDAQ: GTMEF).

Key Points: 
  • AST SpaceMobile, Inc. ("AST SpaceMobile") (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network designed to be accessible directly by standard mobile phones, today announced a Memorandum of Understanding ("MoU") with Globe Telecom, Inc. ("Globe") (NASDAQ: GTMEF).
  • "The Philippines thousands of islands create formidable challenges to meet a growing demand for cellular broadband connectivity," said Chris Ivory, Chief Commercial Officer of AST SpaceMobile.
  • Once launched, AST SpaceMobile would aim to provide Globe with expanded coverage and reach to remote and underserved areas.
  • AST SpaceMobile has entered into agreements and understandings with mobile network operators which collectively service over 1.8 million cellular customers.

Philippine Airlines Emerges from Chapter 11 Reinvigorated for the Future

Retrieved on: 
Friday, December 31, 2021

PAL successfully completed its financial restructuring within four months, in contrast to other airlines that remain in the Chapter 11 process more than a year after filing in 2020.

Key Points: 
  • PAL successfully completed its financial restructuring within four months, in contrast to other airlines that remain in the Chapter 11 process more than a year after filing in 2020.
  • There are immense challenges ahead, but we look forward to tackling them as a reinvigorated Philippine Airlines, better positioned for strategic growth to continue serving our customers.
  • Philippine Airlines Inc. was the only party included in the Chapter 11 filing; while PAL Holdings Inc., which is listed on the Philippine Stock Exchange (PSE: PHI), and Air Philippines Corporation, known as PAL Express, were not included in the Chapter 11 filing.
  • Philippine Airlines, Inc. (PAL) is the flag carrier of the Philippines and the countrys only full-service network airline.

Citi Announces Agreement to Sell Philippines Consumer Bank to UnionBank of the Philippines

Retrieved on: 
Thursday, December 23, 2021

Citi today announced it has reached agreement with UnionBank of the Philippines (hereafter UnionBank) on the acquisition of Citis consumer banking franchise in the Philippines.

Key Points: 
  • Citi today announced it has reached agreement with UnionBank of the Philippines (hereafter UnionBank) on the acquisition of Citis consumer banking franchise in the Philippines.
  • The agreement covers all related Citi staff, with approximately 1,750 consumer bank and supporting employees expected to transfer to UnionBank upon close of the transaction.
  • Citi will continue to serve institutional clients in the Philippines and across Asia Pacific as we have for over a century.
  • Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions.

Philippine Airlines Inc. (PAL) Wins Court Approval of Recovery Plan

Retrieved on: 
Friday, December 17, 2021

Philippine Airlines, Inc. (PAL) announced that the U.S. Bankruptcy Court of the Southern District of New York has approved its Plan of Reorganization (the Plan).

Key Points: 
  • Philippine Airlines, Inc. (PAL) announced that the U.S. Bankruptcy Court of the Southern District of New York has approved its Plan of Reorganization (the Plan).
  • Todays court approval represents a critical moment in our journey to emerge as a stronger airline.
  • The Philippine flag carrier expects to restore more routes and increase flight frequencies as travel restrictions ease and borders reopen.
  • Philippine Airlines, Inc. (PAL) is the flag carrier of the Philippines and the countrys only full-service network airline.

LotusFlare Partners with Globe Telecom To Deliver The New GlobeOne Digital Channel Experience

Retrieved on: 
Thursday, December 16, 2021

SANTA CLARA, Calif., Dec. 16, 2021 /PRNewswire/ -- LotusFlare today announced it has partnered with Globe Telecom, the leading mobile operator in the Philippines, to launch The New GlobeOne Super App, an enabler of life through digital solutions, and a platform that builds customer relationships that go beyond telco. Built with the vision to have one app for all customers, The New GlobeOne Super App firstly focused on prepaid users in its initial release on August 10th to capture Globe's mass market. The postpaid features will be launched soon to complete Globe customer experience. That way every Globe's customer could easily access service, learn about promotions and get rewards. The Globe Digital Growth Team and LotusFlare designed, developed, tested and launched the new platform within a six month period.

Key Points: 
  • The Globe Digital Growth Team and LotusFlare designed, developed, tested and launched the new platform within a six month period.
  • LotusFlare was chosen by the Globe Digital Growth Team to develop and deliver the new experience platform based on its prior work with Globe on application-based charging and its proven track record in building growth-oriented digital channel experience platforms.
  • LotusFlare developed The New GlobeOne Super App from the ground up using Native-Native development framework to deliver the optimal subscriber experience.
  • LotusFlare designed the experience platform based on clean architecture principles to simplify advancement of the GlobeOne customer experience going forward.

Globe in Advanced Discussions With ST Telemedia Global Data Centres to Form A Joint Venture on Globe's Data Center in The Philippines

Retrieved on: 
Thursday, November 18, 2021

Under the exclusivity agreement, Globe and STT GDC will enter into discussions and aim to sign definitive agreements related to Globe DC.

Key Points: 
  • Under the exclusivity agreement, Globe and STT GDC will enter into discussions and aim to sign definitive agreements related to Globe DC.
  • The transaction is expected to take the form of a joint venture, in which Globe will remain a significant shareholder.
  • The investment into Globe DC is fully consistent with Globe's long-term strategy of its data center business through partnering with a leading data center operator to create a top tier data center business in the Philippines and regionally.
  • ST Telemedia Global Data Centres is one of the fastest-growing data center providers, headquartered in Singapore.

SFIO signs US$100-M Agreement with Omnicor Industrial Estate & Realty Center to Develop a Resort Condotel in Batangas, Philippines

Retrieved on: 
Tuesday, November 16, 2021

This agreement establishes SFIO as the preferred developer of projects across AbaCore Capital Holdings over 200-hectares of real estate around Montemaria.

Key Points: 
  • This agreement establishes SFIO as the preferred developer of projects across AbaCore Capital Holdings over 200-hectares of real estate around Montemaria.
  • As part of SFIOs investment roadmap into future-oriented industries, this tech village blends residential luxuries with the hyper-connected amenities necessary for modern work.
  • Incorporated in 1981, the company is involved in a variety of industries, including real estate and financial services.
  • About Omnicor Industrial Estate & Realty Center, Inc.
    Omnicor Industrial Estate & Realty Center, Inc. is a corporation duly organized and existing under and by virtue of Philippine laws, is a subsidiary of AbaCore Capital Holdings, Inc. owning and managing real estate across the Province of Batangas.

Globe is most valuable PH telco amid digital solutions platform pivot

Retrieved on: 
Wednesday, October 27, 2021

Its market capitalization in the Philippine Stock Exchange (PSE) soared to a record P456 billion amid its pivot to become a digital solutions platform.

Key Points: 
  • Its market capitalization in the Philippine Stock Exchange (PSE) soared to a record P456 billion amid its pivot to become a digital solutions platform.
  • "Telco will continue to be our main and most important business but we now view ourselves as a digital platform that builds one business upon others.
  • They are telehealth companies KonsultaMD and HealthNow, digital marketing solutions firm AdSpark, online grocery platform PureGo, and loyalty and e-commerce solutions provider RUSH.
  • Globe is also scaling up its information technology solutions through multi-payment platform Electronic Commerce Payments Inc. (ECPay) and its corporate venture capital arm, Kickstart Ventures.