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June 15 2017, the Board of Directors of Macroasia Corporation Approved to Appropriate P=210.0 Million to Buy Back Shares of Macroasia Corporation at Market Price
COVER SHEET 4 0 5 2 4 SEC Registration Number M A C R O A S I A C O R P O R A T I O N (Company’s Full Name) 1 2 t h F l o o r , P N B A l l i e d B a n k C e n t e r , 6 7 5 4 A y a l a A v e n u e , M a k a t i C i t y (Business Address: No. Street City/Town/Province) AMADOR T. SENDIN 8840-2001 (Contact Person) (Company Telephone Number) 1 2 3 1 2 0 - I S 0 7 1 7 Month Day (Form Type) Month Day (Calendar Year) (Annual Meeting) NA (Secondary License Type, If Applicable) MSRD Dept. Requiring this Doc. Amended Articles Number/Section Total Amount of Borrowings 845 Total No. of Stockholders Domestic Foreign To be accomplished by SEC Personnel concerned File Number LCU Document ID Cashier S T A M P S Remarks: Please use BLACK ink for scanning purposes. NOTICE OF ANNUAL STOCKHOLDERS’ MEETING Notice is hereby given that the Annual Stockholders’ Meeting of MACROASIA CORPORATION will be conducted virtually on Friday, 17 July 2020, at 3:00 P.M., the details of which can be found in http://www.macroasiacorp.com/asm. The Agenda for the meeting is as follows: 1. Call to Order 2. Certification of Notice and Quorum 3. Approval of the Minutes of the Annual Stockholders’ Meeting held on 19 July 2019 4. President’s Report 5. -
Profile of Independent Directors in Selected Philippine Publicly Listed
94 Predictors of Life Satisfaction of the Expatriate Spouse/Partner Philippine Management Review 2020, Vol. 27, 95-128. ppendix Profile of Independent Directors in Selected Philippine ediatin oe of Sef- efficac in the eationship eteen Support fro Fai and Life Satisfaction Publicly Listed Companies by Sector: An Update ebbie Chua un Pho, Ph..* Variales Coefficients University of the Philippines, Cesar .A. Virata School of usiness, iliman ueon City 1101, Philippines Step 1: Support from family and Life satisfaction Independent directors have a crucial and defining role in corporate governance. his paper Constant .09 looks at the extent o compliance by selected Philippine-listed companies with the new Support ro aiy .20** corporate governance code (2016), which took effect on anuary 1, 2017. he baning sector has the highest compliance rate among the various sectors in terms o proportion o Dummy (Support ro ai an ie satisactin) -2.88** independent directors to board sie, number o directorships in other listed companies, and R2 .331 separation o chairman and CE. lthough an Audit Committee is required or all listed companies, not all SEC 17-A reports contain information on board committees and their F-test 28.24** memberships. he qualiications o the udit Committee Chairman in some companies also Step 2: Support from family and Self-efficacy appear to have not met the prescriptions by the new corporate governance code. t is suggested that a SEC 17-A template be provided to listed companies, so that uniform and 1.551 Constant consistent data can be obtained rom this report by the SEC to acilitate their monitoring role. -
Diversification Strategies of Large Business Groups in the Philippines
Philippine Management Review 2013, Vol. 20, 65‐82. Diversification Strategies of Large Business Groups in the Philippines Ben Paul B. Gutierrez and Rafael A. Rodriguez* University of the Philippines, College of Business Administration, Diliman, Quezon City 1101, Philippines This paper describes the diversification strategies of 11 major Philippine business groups. First, it reviews the benefits and drawbacks of related and unrelated diversification from the literature. Then, it describes the forms of diversification being pursued by some of the large Philippine business groups. The paper ends with possible explanations for the patterns of diversification observed in these Philippine business groups and identifies directions for future research. Keywords: related diversification, unrelated diversification, Philippine business groups 1 Introduction This paper will describe the recent diversification strategies of 11 business groups in the Philippines. There are various definitions of business groups but in this paper, these are clusters of legally distinct firms with a managerial relationship, usually by virtue of common ownership. The focus on business groups rather than on individual firms has to do with the way that business firms in the Philippines are organized and managed. Businesses that are controlled and managed by essentially the same set of principal owners are often organized as separate corporations, not as separate divisions within the same firm, as is often the case in American corporations like General Electric, Procter and Gamble, or General Motors (Echanis, 2009). Moreover, studies on emerging markets have pointed out that business groups often occupy dominant positions in the business landscape in markets like India, Korea, Indonesia, Thailand, and the Philippines (Khanna & Palepu, 1997; Khanna & Yafeh, 2007). -
Tanduay Distillers, Inc
G AINING MOMENTUM 11th Floor Unit 3 Bench Tower, 30th Street corner Rizal Drive Cresent Park West 5, Bonifacio Global City, Taguig City, Philippines ltg.com.ph G AINING MOMENTUM ANNUAL REPORT ANNUAL REPORT 2018 2018 Contents 2 Financial Highlights 3 Our Businesses at a Glance The LT Group Logo 4 Our Partnerships Strength and solidarity. This is the essence of the LT Group (LTG) logo. The 6 clean balance lines and curves are central elements -- a mystical Chairman’s Message symmetrical tree. Drawn in an Eastern-Oriental style, it gives hint to the 8 President’s Message Company’s Chinese heritage. 12 CFO’s Message Tree is life. Life is growth. Like a tree, a company with rm roots, properly 14 Asia Brewery, Inc. nurtured, will continuously grow and give value. 16 Eton Properties Philippines, Inc. The tree’s trunk is upright, and the branches spread out -- a symbolic 18 PMFTC Inc. consolidation of the subsidiaries and stakeholders within two circles, one for continuity, the outer one for solidarity. 24 Philippine National Bank 26 Tanduay Distillers, Inc. 28 Corporate Governance Report VISION 36 Corporate Social Responsibility To be a world-class conglomerate at the forefront of Philippine economic e Tan Yan Kee Foundation, Inc. growth, successfully maintaining a strong presence and dominant position in key Philippine industries while ensuring continuous benets to its Asia Brewery, Inc. consumers, communities, employees, business partnerts, and shareholders. Eton Properties Philippines, Inc. MISSION PMFTC Inc. Anchored to its Vision, the LT Group commits: Philippine National Bank To increase stockholder values through long-term growth in its major Tanduay Distillers, Inc. -
Corporate Governance Issues in Philippine-Listed Companies
Philippine Management Review 2019, Vol. 26, 1-16. Corporate Governance Issues in Philippine-Listed Companies Arthur S. Cayanan* University of the Philippines, Cesar E.A. Virata School of Business, Diliman, Quezon City 1101, Philippines This paper discusses corporate governance issues in Philippine-listed companies such as ownership structure, separation of Chairman and CEO positions, independent directors, related party transactions, among others, and how non-controlling stockholders are adversely affected by these issues. The paper also assesses the sufficiency of existing rules and regulations and the effectiveness of regulators in protecting minority interest. 1 Introduction Corporate Governance is defined as the system of stewardship and control to guide organizations in fulfilling their long-term economic, moral, legal and social obligations towards their stakeholders.1 On November 10, 2016, the Securities and Exchange Commission (SEC) approved the Code of Corporate Governance for Publicly-Listed Companies (CG Code for PLCs).2 The Code provides a list of the governance responsibilities of the board of directors (BOD), corporate disclosure policies, standards for the selection of external auditor, and duties to stockholders, among others. In this paper, emphasis will be on ownership structure, the positions of Chairman and Chief Executive Officer (CEO) being held by separate individuals, the independence of independent directors, some related party transactions, and how these issues affect the interest of non-controlling stockholders.3 2 Objectives This study has the following objectives: 1. To assess some corporate governance practices of the 30 Philippine Stock Exchange index (PSEi) PSEi-indexed stocks, e.g., ownership structure, different individuals holding the positions of the chairman of the BOD and CEO, related party transactions, and tender offers. -
MARKET CALL Capital Markets Research
1 August 2017 The MARKET CALL Capital Markets Research FMIC and UA&P Capital Markets Research Macroeconomy 3 Fixed-Income Securities 10 Equity Markets 17 Recent Economic Indicators 22 Contributors 24 The Market Call - May 2017 Executive Summary Faster NG Spending in June + Rise in Exports by 13.7% = Faster Q2 GDP • NG spending (excluding interest payments) accelerated to 23.4% in June from 21.4% in May. • Capital goods imports bounce back by 20.1% in May after a minor slip in April. • Together with Industrial output up by 5.8% in May, domestic demand should improve from 5.9% in Q1. • A further boost should come from exports, which in May expanded by 13.7%. • The bond market showed a slowdown in demand, while the PSEi continued to rise. Macroeconomy NG spending surged by 22.6% in June still driven by strong spending on Infrastructure. • Capital goods imports rebounded by 20.1% in May, after posting a decline a month ago. • Manufacturing kept a robust growth of 5.8% in May. • Exports continued to expand at a double-digit rate pace, posting a 13.7% increase in May. • Inflation up 2.8% in July, a tad faster than 2.7% in June but YTD rate remained within target. Outlook: We believe that economic expansion in Q2 will record faster than Q1 on the back of a robust investment spending and a resurgence in manufacturing. The double-digit growth in exports and vigourous capital goods imports, likewise, support our view of a faster growth in Q2. The speedier NG disbursements should moreover push further the country’s growth. -
Tanduay Distillers, Inc. and Subsidiaries Index to Financial Statements and Supplementary Schedules Sec Form 17-A
COVER SHEET 1 5 1 0 9 6 SEC Registration Number T A N D U A Y D I S T I L L E R S , I N C . ( A W h o l l y O w n e d S u b s i d i a r y o f L T G r o u p , I n c . ) A N D S U B S I D I A R I E S (Company‘s Full Name) 3 4 8 J . N e p o m u c e n o S t . , S a n M i g u e l D i s t r i c t , M a n i l a (Business Address: No. Street City/Town/Province) NESTOR MENDONES 519-7981 (Contact Person) (Company Telephone Number) 1 2 3 1 17-A 0 5 0 4 Month Day (Form Type) Month Day (Calendar Year) (Annual Meeting) (Secondary License Type, If Applicable) SEC Dept. Requiring this Doc. Amended /Section Total Amount of Borrowings 8 Total No. of Stockholders Domestic Foreign To be accomplished by SEC Personnel concerned File Number LCU Document ID Cashier S T A M P S Remarks: Please use BLACK ink for scanning purposes. 1 SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-A ANNUAL REPORT PURSUANT TO SECTION 17 OF THE SECURITIES REGULATION CODE AND SECTION 141 OF CORPORATION CODE OF THE PHILIPPINES 1. For the calendar year ended December 31, 2013 2. SEC Identification Number 151096 3. BIR Tax Identification No. 000-086-108-000 4. -
Securities and Exchange Commission Sec Form
SECURITIES AND EXCHANGE COMMISSION SEC FORM – ACGR CONSOLIDATED CHANGES IN THE ANNUAL CORPORATE GOVERNANCE REPORT FOR THE YEAR 2016 1. Report is Filed for the Year: 2016 2. Exact Name of Registrant as Specified in its Charter: PHILIPPINE NATIONAL BANK 3. PNB Financial Center 1300 President Diosdado Macapagal Boulevard Postal Code Pasay City, Metro Manila Address of Principal Office 4. SEC Identification Number : AS096-005555 5. (SEC Use Only) Industry Classification Code 6. BIR Tax Identification Number : 000-188-209 7. (632) 891-6040 to 70/ (632) 526-3131 to 70 Issuer’s Telephone number, including area code 8. Not Applicable Former name or former address, if changed from the last report 1 TABLE OF CONTENTS A. BOARD MATTERS …………………………………………………………………………………… …………………………………… ……………………………………… …………… ...... 4 1) BOARD OF DIRECTORS (a) Composition of the Board …………………………………………………………………………………………………………………………………………………………… 4 (b) Corporate Gov ernance Policy/ies ……………………………………………………………… ………………………… ………………………………….. ………………… 11 (c) Rev iew and Approval of Vision and Mission ………………………………………………… ……………………… ………………………………….. ………………… 12 (d) Directorship in Other Companies ……………………………………………………………… ………………………… ………………………………… .. ………………… 13 (e) Shareholding in the Company ………………………………………………………………… …………………………… ………………………………….. ………………… 13 2) CHAIRMAN AND CEO …………………………………………………………………………………………………………………..…………………………………..………………… 15 3) PLAN FOR SUCCESSION OF CEO/MANAGING DIRECTOR/PRESIDENT AND TOP KEY POSITIONS ………………………………………..………………… 15 4) OTHER EXECUTIVE, NON-EXECUTIVE -
2018 Preliminary Information Statement
B. CONTROL AND COMPENSATION INFORMATION Item 4. VOTING SECURITIES AND PRINCIPAL HOLDERS THEREOF (a) The total number of common shares outstanding as of January 31, 2018 is 1,249,139,678 with a par value of P40.00 per share. Total foreign equity ownership is 109,188,042 common shares or 8.74%. Pursuant to Article IV, Section 4.9 of the Bank’s By-Laws, every stockholder shall be entitled to one (1) vote for each share of common stock in his name in the books of the Bank as of March 26, 2018 (the “Record Date”). With respect to the election of directors, a stockholder may vote such number of shares for as many persons as there are directors to be elected, or he may cumulate said shares and give one candidate as many votes as the number of directors to be elected, or he may distribute them on the same principle among as many candidates as he shall see fit, provided the total number of votes cast by him shall not exceed the number of shares owned by him multiplied by the number of directors to be elected. (b) Stockholders of record of the Bank as of the Record Date shall be entitled to notice of, and to vote at, the Annual Stockholders’ Meeting. (c) Security Ownership of Certain Record and Beneficial Owners and Management (1) Security Ownership of Certain Record and Beneficial Owners (more than 5% of any class of voting securities as of January 31, 2018) Name & Address of Record Name of Citizenship No. of Percentage of Owner and Relationship with Beneficial Common Ownership Issuer Owner and Shares Held Relationship with Record Owner All Seasons Realty Corp. -
02-0221 List of Securities Eligible As Collateral
CN - No. 2021-0008 INDEX REVIEW TO : INVESTING PUBLIC AND ALL TRADING PARTICIPANTS DATE : February 8, 2021 SUBJECT : RESULTS OF THE REVIEW OF PSE INDICES The Philippine Stock Exchange is announcing the results of the regular review of the PSEi and sector indices covering trading activity for the period January to December 2020. The review of the composition of the indices was based on the revisions to the policy on managing the PSE Index Series. Attached is a list of the companies that will compose the PSEi and sector indices. All changes shall be effected on February 15, 2021, Monday. The list of index members and other index-related information can be accessed on a subscription basis through the Market Data Department at [email protected]. For your information and guidance. (Original Signed) RAMON S. MONZON President and CEO PSEi Company Stock Code 1 Ayala Corporation AC 2 Aboitiz Equity Ventures, Inc. AEV 3 Alliance Global Group, Inc. AGI 4 Ayala Land, Inc. ALI 5 Aboitiz Power Corporation AP 6 BDO Unibank, Inc. BDO 7 Bloomberry Resorts Corporation BLOOM 8 Bank of the Philippine Islands BPI 9 DMCI Holdings, Inc. DMC 10 Emperador Inc. EMP 11 First Gen Corporation FGEN 12 Globe Telecom, Inc. GLO 13 GT Capital Holdings, Inc. GTCAP 14 International Container Terminal Services, Inc. ICT 15 Jollibee Foods Corporation JFC 16 JG Summit Holdings, Inc. JGS 17 LT Group, Inc. LTG 18 Metropolitan Bank & Trust Company MBT 19 Megaworld Corporation MEG 20 Manila Electric Company MER 21 Metro Pacific Investments Corporation MPI 22 Puregold Price Club, Inc. -
Investor Presentation June 2020 Learn More About SM Investments
Investor Presentation June 2020 Learn more about SM Investments 2019 Annual Report 2019 Sustainability Report Scanning QR code: 1. Install a QR Code Reader app on your smartphone. 2. Open the QR Code Reader app on your smartphone and scan the QR Code. You will be redirected to where the report can be found. SMIC Investor Presentation 1 Table of Contents The Philippine Economy 3 About SM Investments 4 What’s New In SM? 13 SM Retail 19 Banking 24 SM Prime 27 SM Equity Investments 38 CAPEX 46 Financials 47 SMIC Investor Presentation 2 Philippines: Strong Macroeconomic Fundamentals Young Workforce with Rising Incomes Opportunities GDP Growth Per Capita GDP Median Age . Improved Infrastructure development -0.2% USD3,569 23 . Provincial growth – Luzon, Visayas, Mindanao . Job creation and inclusive growth Consumption Driven Per Capita GNI Population . Agriculture, Manufacturing, Services 74.5% of GDP USD3,909 105M +1.6% p.a. Foreign Direct Investments Inflation and Interest Rate Environment Net External Inflows and ICT Exports . Avg. Inflation rate: 2.6% (Jan-Apr 2020) 51 . Avg. lending rate: 7.1% (Jan-Dec 2019) 6 32 33 Healthy Fiscal and Monetary System 1 35 USD bn USD 20 12 17 Current Credit Ratings 14 . Debt/GDP: 41.8% 7 S&P BBB+ Stable 3 . CAR: 16.0% 2 19 13 16 . NPLs: 1.8% Moody's Baa2 Stable 9 10 Fitch BBB Stable Malaysia Thailand Indonesia Vietnam Philippines Source: BSP Selected Economic and Financial Indicators Net FDI Inflows Remittances ICT Export Release as of May 29, 2020 Source: The World Bank, Most Recent Data (2019) SMIC Investor Presentation 3 About SM Investments SMIC is a leading Philippine company that is invested in market leading businesses in retail, banking and property. -
Tanduay Holdings, Inc. and Sub
COVER SHEET SEC Registration Number P W - 0 0 0 0 0 3 4 3 Company Name L T G R O U P, I N C . ( A S u b s i d i a r y o f T a n g e n t H o l d i n g s C o r p o r a t i o n ) Principal Office (No./Street/Barangay/City/Town/Province) 1 1 t h F l o o r , U n i t 3 B e n c h T o w e r , 3 0 t h S t . c o r n e r R i z a l D r i v e C r e s c e n t P a r k W e s t 5 B o n i f a c i o G l o b a l C i t y , T a g u i g C i t y Form Type Department requiring the report Secondary License Type, If Applicable 1 7 Q S E C N / A COMPANY INFORMATION Company’s Email Address Company’s Telephone Number/s Mobile Number [email protected] 808-1266 N/A Annual Meeting Fiscal Year No. of Stockholders Month/Day Month/Day 373 June 9 December 31 CONTACT PERSON INFORMATION The designated contact person MUST be an Officer of the Corporation Name of Contact Person Email Address Telephone Number/s Mobile Number Jose Gabriel D. Olives josegabriel.olives@ltg. com.ph N/A N/A Contact Person’s Address 11th Floor Unit 3 Bench Tower, 30th St.