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FTSE Publications
2 FTSE Russell Publications 28 October 2020 FTSE Philippines USD Net Tax Index Indicative Index Weight Data as at Closing on 27 October 2020 Constituent Index weight (%) Country Constituent Index weight (%) Country Constituent Index weight (%) Country Aboitiz Power 1.55 PHILIPPINES JG Summit Holdings 6.55 PHILIPPINES Semirara Mining and Power 0.48 PHILIPPINES Alliance Global 1.11 PHILIPPINES Jollibee Foods 2.48 PHILIPPINES SM Investments 16.27 PHILIPPINES Ayala Corporation 8.63 PHILIPPINES LT Group 1.16 PHILIPPINES SM Prime Hldgs 10.52 PHILIPPINES Ayala Land 9.44 PHILIPPINES Manila Electric 2.7 PHILIPPINES Universal Robina 4.26 PHILIPPINES Bank of The Philippine Islands 4.65 PHILIPPINES Megaworld 1.25 PHILIPPINES BDO Unibank 6.27 PHILIPPINES Metro Pacific Investments 1.97 PHILIPPINES Bloomberry Resorts 0.9 PHILIPPINES Metropolitan Bank & Trust 2.63 PHILIPPINES DMCI Holdings 0.65 PHILIPPINES PLDT 4.32 PHILIPPINES Globe Telecom 2.08 PHILIPPINES Puregold Price Club 1.44 PHILIPPINES GT Capital Holdings 1.51 PHILIPPINES San Miguel 1.28 PHILIPPINES International Container Terminal Service 4.37 PHILIPPINES San Miguel Food and Beverage 1.52 PHILIPPINES Source: FTSE Russell 1 of 2 28 October 2020 Data Explanation Weights Weights data is indicative, as values have been rounded up or down to two decimal points. Where very small values are concerned, which would display as 0.00 using this rounding method, these weights are shown as <0.005. Timing of data Constituents & Weights are generally published in arrears and contain the data as at the most recent quarter-end. However, some spreadsheets are updated on a more frequent basis. -
Communication Management Category 1: Internal Communcation List of Winners Title Company Entrant's Name AGORA 2.0 Aboitiz Equity Ventures, Inc
Division 1: Communication Management Category 1: Internal Communcation List of Winners Title Company Entrant's Name AGORA 2.0 Aboitiz Equity Ventures, Inc. Lorenne Alejandrino-Anacta Keep It Simple, Sun Lifers: Gamifying A Simple Language Sun Life Financial Philippines Campaign Donante Aaron Peji Data Defenders: Data Privacy Lessons Made Fun and Sun Life Financial Philippines Engaging For Sun Life Employees Donante Aaron Peji PLDT Group Data Privacy Office Handle With Care Ramon R. Isberto Campaign PLDT Aboitiz Equity Ventures, Inc. (Pilmico Foods Super Conversations with SMA Corporation) Lorenne Alejandrino-Anacta Inside World: Engaging a new generation of Megaworld employees via a dynamic e-newsletter Megaworld Corporation Harold C. Geronimo Harnessing SYKES' Influence from Within to Inspire Beyond Reach Sykes Asia, Incorporated Miragel Jan Gabor ManilaMed's #FeelBetter Campaign Comm&Sense Inc. Aresti Tanglao Category 2: Employee Engagement Title Company Entrant's Name LOVE Grants Resorts World Manila Archie Nicasio a.Lab Aboitiz Equity Ventures, Inc. Lorenne V. Alejandrino CineNRW Maynilad Water Services, Inc Sherwin DC. Mendoza Central NRW Point System Maynilad Water Services, Inc Sherwin DC. Mendoza Leadership with a Heart Megaworld Foundation Dr. Francisco C. Canuto Dare 2B Fit ALLIANZ PNB LIFE INSURANCE, INC. ROSALYN MARTINEZ Category 3: Human Resources and Benefits Communication Title Company Entrant's Name Recruitment in the Social Media Era Manila Electric Company Gavin D. Barfield Category 5: Safety Communication Title Company Entrant's Name Championing cybersecurity awareness Bank of the Philippine Islands (BPI) Owen L. Cammayo Unang Hakbang Para Sa Kaligtasan: 2018 First Working MERALCO - Organizational Safety and Day Safety Campaign Resiliency Office Antonio Abuel Jr. -
SECURITIES and EXCHANGE COMMISSION SEC FORM 17-C CURRENT REPORT UNDER SECTION 17 of the SECURITIES REGULATION CODE and SRC RULE 17.2 (C) THEREUNDER
SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-C CURRENT REPORT UNDER SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17.2 (c) THEREUNDER 1. 02 April 2020 Date of Report 2. SEC Identification No: ASO93-7946 3. BIR Tax Identification No: 003-831-302-000 4. Alliance Global Group, Inc. Exact name of issuer as specified in its charter 5. Metro Manila Province, Country or other jurisdiction of incorporation or organization 6. (SEC use only) Industry classification code 7. 7th Floor, 1880 Eastwood Avenue, Eastwood City CyberPark E. Rodriguez, Jr. Avenue, Bagumbayan Quezon City, Metro Manila, Philippines, 1110 Address of issuer’s principal office 8. (632) 8709-2038 to 41 Issuer’s telephone number, including area code 9. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA: Title of Class No. of Shares of Common Stock Outstanding Common 9,818,890,379 Treasury 450,937,600 10. Item 9 (b) Please see attached disclosure filed with the Philippine Stock Exchange. S I G N A T U R E Pursuant to the requirements of the Securities Regulation Code, the Issuer has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ALLIANCE GLOBAL GROUP, INC. By: DINA D. INTING Chief Financial Officer, Compliance Officer and Corporate Information Officer 4/3/2020 Request for extension to file SEC Form 17-A CR01662-2020 The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. -
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). -
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. -
BLAZING NEW TRAILS Annual Report 2017 BLAZING NEW TRAILS
BLAZING NEW TRAILS annual report 2017 BLAZING NEW TRAILS annual report WHAT’S INSIDE 1 2 4 6 Financial Highlights Chairman’s Message At a Glance AGI Subsidiaries 10 12 14 16 Residentials Offices Lifestyle Malls Hotels 18 20 24 28 Leisure and Entertainment Spirits Quick Service Restaurants Infrastructure 30 34 38 57 Corporate Social Raising the Bar Board of Directors Financials Responsibility and Key Officers Our Cover The cover design depicts AGI as a hi-tech shuttle, entering a threshold like a portal to the future, bringing the country into a whole new world. With its bright headlights illuminating visions of milestone achievements, emerging along its path, it continues blazing new trails as it moves headstrong, fast and sure into the far horizons. financial highlights 141.6 139.7 139.1 124.9 17% 119.7 10-year CAGR* 102.1 63.0 44.5 33.3 37.3 revenues (in billion Pesos) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 39.9 38.7 17% 35.9 33.4 35.0 10-year CAGR* 32.4 18.9 14.5 8.9 6.7 EBITDA (in billion Pesos) 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 22.8 21.8 21.8 16% 20.9 * 20.5 10-year CAGR 19.4 11.6 6.9 8.0 7.7 6.6 5.6 7.7 1.8 14.9 14.8 14.0 9.5 13.9 13.8 13.2 5.2 9.8 3.3 2.6 2.0 6.9 2.2 3.2 NET PROFIT (in billion Pesos) 1.1 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Owners of AGI Non-controlling interest All figures exclude non-recurring items *CAGR is compound annual growth rate BLAZING NEW TRAILS / 2017 ANNUAL REPORT 1 2 chairman’s message Visioning Beyond Tomorrow P141.6 B consolidated revenues P21.8 B net income he year 2017 Our property arm, Its world-class and high-tech t was marked Megaworld Corporation, office buildings are home to by trailblazing posted another stellar a number of multinationals achievements, unprecedented performance as net income belonging to the Fortune in the history of Alliance reached P13.2 billion on 500 companies. -
The Impact of Corporate Diversification on Firm Performance
Philippine Management Review 2019, Vol. 26, 31-52. The Impact of Corporate Diversification on Firm Performance Regina M. Lizares, Ph.D.* University of the Philippines, Cesar E.A. Virata School of Business, Diliman, Quezon City 1101, Philippines This study investigates the relationship between corporate diversification and firm performance of Philippine publicly-listed non-financial firms, using the resource-based view (RBV) view of the firm as its framework. The results show that the: (1) degree of diversification has a positive effect on firm performance; and (2) type (related or unrelated) of diversification has different effects on firm performance, with related diversification outperforming unrelated diversification. Ultimately, firm performance is linked to the successful diversification of valuable, rare, and inimitable economies of scope to related businesses, and not just to the absolute amount of diversification. Keywords: Diversification; Firm Performance; Philippines; Resource-Based View (RBV); Rumelt measure 1 Introduction Firms pursue growth through various ways: increasing market penetration, pursuing market and/or product development, and diversification (Ansoff, 1957). Diversification is neither a goal nor a plan; each firm that diversifies must choose the types of business it enters, the degree to which it builds on past strengths and competencies or require the development of new ones, and the total amount of diversity that is appropriate (Rumelt, 1974, p.1). The common growth path pursued by firms is to move from a focused, single business to a larger business expanding and diversifying to related areas, and possibly even unrelated areas (Rumelt, 1974, pp. 146-148). Holding firms is one form of organizing this increasing diversification, likely into unrelated fields. -
Securities and Exchange Commission Sec Form 17-Q
CR07221-2019 SECURITIES AND EXCHANGE COMMISSION SEC FORM 17-Q QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER 1. For the quarterly period ended Sep 30, 2019 2. SEC Identification Number ASO93-7946 3. BIR Tax Identification No. 003-831-302-000 4. Exact name of issuer as specified in its charter Alliance Global Group, Inc. 5. Province, country or other jurisdiction of incorporation or organization Metro Manila 6. Industry Classification Code(SEC Use Only) 7. Address of principal office 7th Floor, 1880 Eastwood Avenue, Eastwood City CyberPark, 188 E. Rodriguez Jr. Avenue, Bagumbayan, Quezon City Postal Code 1110 8. Issuer's telephone number, including area code (632)-8709-2038 to 41 9. Former name or former address, and former fiscal year, if changed since last report N/A 10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding Common 9,945,268,939 Treasury 324,559,040 11. Are any or all of registrant's securities listed on a Stock Exchange? Yes No If yes, state the name of such stock exchange and the classes of securities listed therein: Philippine Stock Exchange; Common Shares 12. Indicate by check mark whether the registrant: (a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports) Yes No (b) has been subject to such filing requirements for the past ninety (90) days Yes No The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. -
2018 Annual Report
2018 ANNUAL REPORT Chairman’s Report Review of Operations Corporate Citizenship Corporate Governance Management’s Discussion and Analysis Consolidated Financial Statements Independent Auditor’s Report Consolidated Statements of Financial Position Consolidated Statements of Comprehensive Income Consolidated Statements of Changes in Equity Consolidated Statements of Cash Flow Notes to Consolidated Financial Statements Board of Directors Corporate Management Investor Relations SOLAIRE FACADE CHAIRMAN’S REPORT Ladies and gentlemen: and Sky Towers was 92.6 percent compared to 90.7 percent in the previous year. 2018 was a challenging year for the Philippine economy as it grappled with the inflation impact of the TRAIN law, higher oil prices and interest In 2018, our consolidated operating costs and expenses increased rates, and a weaker peso. However, despite all these challenges, the by only 8 percent to P27.096 billion, from P25.094 billion owing to economy showed its resilience, recording real GDP growth of 6.2 diligence in managing our expenses by rolling out cost-containment percent for the year. This marked the seventh straight year that the initiatives and programs. Philippine economy grew by at least 6 percent. Apart from consumer spending, which accounts for over 70 percent of GDP, gross fixed Bloomberry’s consolidated EBITDA increased by 21 percent to P14.895 capital formation sustained economic growth, particularly due to the billion, from P12.348 billion. Solaire’s EBITDA was P15.135 billion, government’s pursuit of its Build Build Build program. The country representing an increase of 20 percent. The Korea business reduced remained one of the fastest-growing economies in Asia, just next to its negative EBITDA to P240 million, from a negative P259 million in India, Vietnam and China, and ahead of Indonesia and Thailand. -
Megaworld Corporation 3
CR04055-2017 SECURITIES AND EXCHANGE COMMISSION SEC FORM ACGR ANNUAL CORPORATE GOVERNANCE REPORT 1. Report is Filed for the Year Dec 31, 2016 2. Exact Name of Registrant as Specified in its Charter MEGAWORLD CORPORATION 3. Address of principal office 28th Floor, The World Centre, 330 Sen. Gil Puyat Avenue, Makati City Postal Code 1227 4.SEC Identification Number 167423 5. Industry Classification Code(SEC Use Only) 6. BIR Tax Identification No. 000-477-103 7. Issuer's telephone number, including area code (632) 867-8826 to 40 8. Former name or former address, if changed from the last report N/A The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party. Megaworld Corporation MEG PSE Disclosure Form ACGR-1 - Annual Corporate Governance Report Reference: Revised Code of Corporate Governance of the Securities and Exchange Commission Description of the Disclosure In compliance with SEC Memorandum Circular No. 20 series of 2016, attached herewith is the Annual Corporate Governance Report (SEC Form-ACGR) of Megaworld Corporation for the year 2016. Filed on behalf by: Name Dohrie Edangalino Designation Head-Corporate Compliance Group MEGAWORLD CORPORATION ANNUAL CORPORATE GOVERNANCE REPORT (SEC FORM – ACGR) FOR YEAR 2016 SECURITIES AND EXCHANGE COMMISSION SEC FORM – ACGR ANNUAL CORPORATE GOVERNANCE REPORT 1. -
BDO Moneytalks
It’s a conglo, conglo world By Roxanne S.C. Olanday ‘Tis the season of domestic corporate earnings results as investors eagerly await news of the 2015 full-year performance of firms, particularly the leading and best benchmark for the different sectors of the Philippines: the conglomerates. We can define a conglomerate as a corporation that is composed of various businesses that would at first glance appear MONEY TALKS unrelated. Typically, one company (also known as the parent company) in the group owns majority interest in the other companies or businesses (also known as subsidiaries) that operate independently. Though these subsidiaries conduct their respective businesses separately, their managers report to the management of the parent company. The bigger conglomerates are involved in diverse markets in order to spread or reduce business risk, but there are still others that choose to focus on a particular industry or sector. Generally, the benefits of conglomerates having a family-holding structure (parent and subsidiaries) are diversifying earnings and risks and reducing costs as the group share common resources. For one, better performing companies and industries can offset the negative effect of poorly performing ones on the consolidated earnings of the conglomerate. By being involved in different industries, conglomerates reduce their business risk usually found in operating in just one market. For another, costs are lessened through operational synergies and economies of scale; a holding-member company also has better access to capital funds that can support expansion plans. Conglomerates however, may expand so aggressively into new markets and/or segments that efficiency is compromised. -
C O V E R S H E
C O V E R S H E E T for AUDITED FINANCIAL STATEMENTS SEC Registration Number A 1 9 9 9 0 4 8 6 4 C O M P A N Y N A M E B L O O M B E R R Y R E S O R T S C O R P O R A T I O N A N D S U B S I D I A R I E S PRINCIPAL OFFICE ( No. / Street / Barangay / City / Town / Province ) T h e E x e c u t i v e O f f i c e s , S o l a i r e R e s o r t & C a s i n o , 1 A s e a n A v e n u e , E n t e r t a i n m e n t C i t y , T a m b o , P a r a ñ a q u e C i t y Form Type Department requiring the report Secondary License Type, If Applicable 1 7 - A C R M D N A C O M P A N Y I N F O R M A T I O N Company’s Email Address Company’s Telephone Number Mobile Number [email protected] 8888-8888 - No. of Stockholders Annual Meeting (Month / Day) Fiscal Year (Month / Day) 95 Every Third Thursday of April 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 Gerard Angelo Emilio J.