“The stock split is a move to future-proof for any capital raising opportunities, which could include an IPO,” Sazon told InsiderPH. “Mynt aims to be push-button ready when the opportune time to tap the capital markets arrives.”
Taipan Lucio Tan’s Philippine Airlines (PAL) has reshaped its leadership team with the formal appointment of Richard Nuttall as president and lawyer Carlos Luis Fernandez as chief operations officer.
InsiderPH sat down with Ernest Cu ahead of his retirement from Globe Telecom following a wildly successful tenure as its CEO, looking back at how he built the ubiquitous GCash e-wallet service, and looking ahead at his reinvigorated role as the chair of the $5-billion fintech powerhouse.
“But just because we are off the grey list does not mean we are done,” BSP Governor Eli Remolona Jr. cautioned. “We must ensure we do not fall back into the grey list.”
The Philippine Stock Exchange (PSE) has reached a deal with the Bankers Association of the Philippines (BAP) to acquire shares in Philippine Dealing System Holdings Corp. (PDS Group), allowing it to strengthen control as part of its merger with the bond trading platform.
From its humble beginnings many years ago as Negros Navigation to its evolution as a comprehensive logistics provider, 2GO is reshaping its image to cater to both traditional and emerging markets.
Prominent businessman Jose Ma. “Joey” Concepcion III is doubling down on his family’s food and ice cream group, RFM Corp., with stock purchases totaling nearly P70 million in the past month.
The New NAIA Infra Corp. consortium encouraged travelers to use “alternative transportation” to and from the airport, including ride hailing services which are generally cheaper than paying for overnight parking for a trip of several days.
Grab Philippines’ stated long term goal is to build and sustain an ecosystem that will create 500,000 jobs for Filipinos. The new country head estimates that the firm is now “a third of the way” in meeting this goal, with two years already going by as part of this ambitious five-year plan.