Ayala Corp shares listing at PSE
Ayala Corp. successfully listed P13.1 billion Preferred Class “A” Shares at the newly inaugurated event hall of the Philippine Stock Exchange headquarters in Bonifacio Global City.
The company sold a total of 5.2 million shares; 4 million shares represented the base offer, while the remaining 1.2 million shares were allocated for excess demand by investors.
“Ayala was listed in the PSE in 1976. Since then, we have been one of the country’s most active capital market issuers,” said Bong Consing, Ayala Corporation president and CEO.
“In the pandemic period alone, our various companies raised a total of P273 billion from the domestic and international capital markets. We have been particularly focused on raising capital for our ESG-related initiatives,” he added.
Ayala will use the proceeds of this issuance to support its various growth initiatives, including refinancing of short-term loans and maturing bond obligations as well as funding capital expenditures.
Veterans Bank to raise capital from postwar veterans, AFP retirees
Philippine Veterans Bank’s (PVB) capital raising efforts goes full-swing this June targeting new shareholders coming from post-war II veterans, AFP retirees and their families.
This comes after the passage of Republic Act 11597, or the Philippine Veterans Bank Act, into law last December 2021. Until recently, PVB was owned by over 385,000 World War II veterans and their compulsory heirs. But the Bank’s new Charter changed this provision and now allows other veterans as defined by the law to become stockholders.
This includes post-war veterans such as Korean & Vietnam War veterans and their widows and descendants, as well as retirees of the Armed Forces of the Philippines (AFP) and their immediate family members. Under the same law, the authorized capital of the Bank was increased from P100 million to P10 billion.
To help generate awareness for the capital-raising endeavors, PVB has also developed a shareholder campaign entitled “Invest in Heroism, Invest in PVB” which aims to invite retired military personnel to buy PVB shares at P110/share at a minimum lot of 100 shares.
The Bank is targeting to raise P4.4B from the new veterans and retiree groups.PVB remains very viable with total assets of PHP 66B with P29.9B in excess liquidity as of March 2023. Last 2022, Veterans Bank reported a net income of P268M.
The new PVB charter also highlights the provision that maintains PVB’s status as an authorized government depository bank.
Convenient filing
LBC announced its accreditation with the Supreme Court to offer a reliable and convenient filing solution to law firms and litigants.
The ceremonial meeting, held on May 29, formalized LBC’s accreditation as a chosen courier provider for all courts in the country.
The accreditation follows the passage of the 2019 Amendments to the Rules of Civil Procedure, which enabled courier providers to seek accreditation from the Supreme Court. LBC, though not verified at the time of the law’s enactment, was granted accreditation in February this year.
Litigants can now file their pleadings, motions, notices, orders, judgments, and other court submissions at any LBC branch nationwide or through rider pickup from their office or home. The day of filing at an LBC branch or the day of courier pickup will be considered the first day of filing.
MDRT recognizes 68 Filipinos
Million-dollar Round Table (MDRT) Global Services announced the 131 winners of the prestigious 2023 MDRT Culture of Excellence Awards, the global standard for achievement in financial services leadership. Among the recipients are 68 Filipinos representing various renowned brands within the country’s financial industry.
These awards are another resource available to Global Services members to measure individual and agency-wide performance and foster a comprehensive approach to leadership excellence.
“The Culture of Excellence Awards are the most prestigious field leadership awards in the financial services profession,” said Peggy Tsai, RFP, CCFP, 2023 MDRT President and an agency leader at Shin Kong Life Insurance Co. in Taipei, Taiwan.
Winners will be honored at special ceremonies during the 2023 MDRT Annual Meeting (June 25-28 in Nashville, Tennessee, USA) and the 2023 MDRT Global Conference (August 27-30 in Singapore). The Culture of Excellence Awards are the only awards bestowed by the MDRT Family of Brands.
‘Pagmaya’ forum on inclusivity
Far Eastern University (FEU) sparked a much-needed conversation on diversity and inclusion during its recent forum, “Pagmaya: Celebrating Diversity and Inclusion.”
The event, hosted by FEU’s Anti-Bullying Core Group (FEU-ABCG), brought together experts from different backgrounds to discuss the issue of dismissing someone’s diversity and how society can overcome it.
The term “pagmaya,” meaning “joy” and “triumph” in Cebuano, was chosen by FEU-ABCG as the event’s centerpiece. The term’s power and inspiration aptly represent the challenges inherent in recognizing and celebrating diversity, inclusion, and well-being.
The forum was graced by esteemed panelists Inka Magnaye, a social media influencer and voice-over actor; Dr. Shake Hocson, director of FEU Guidance and Counseling; Ameerah “Ms. A” Milano, coordinator of the FEU Academic Affairs Gender and Development Desk; and Elle Aspilla, a proud transgender woman currently building her career in the PR industry.
The panelists discussed the importance of respecting someone’s perspective and promoting inclusivity.
BPI, foodpanda tieup
The Bank of the Philippine Islands (BPI) has partnered with online food and grocery delivery platform foodpanda to enable customers to easily apply for a BPI Credit Card.
Upon approval, new BPI credit cardholders will be given a free, one-year pandapro subscription to enjoy its exclusive gastronomic offers and promos.
“We’re very glad to partner with foodpanda in this initiative as it enables customers to avail banking products and services that suit their lifestyle, at their own time and convenience. This is part of BPI’s efforts to make banking even more accessible to every Filipino, allowing us to be present in partner platforms frequently used by our customers,” said Rally Jereza, BPI head of Agency Banking.
With the partnership, customers who do not have a BPI Credit Card can easily and quickly apply via the foodpanda app. “Foodpanda tracks thousands of orders on the app daily. With this collaboration, many Filipinos who rely on online platforms for food delivery will surely benefit from the offer,” said Luis Yanga, commercial director of foodpanda Philippines.
The Great BDO Travel Sale
The Great BDO Travel Sale will be returning to SMX Convention Center Aura, SM Aura Premier on June 2 to 4 with an extensive line-up of travel partners to choose from.
BDO Debit and Credit Cardholders can book exclusive fares to local and international destinations from 25 airline and travel agency and cruise partners. Offer is available during the event at the SMX Convention Center Aura, SM Aura Premier, and online with travel period extending until May 31, 2024, unless otherwise specified.
Apart from exclusive airline rates being offered by airline partners, travel and cruise packages are also available. BDO Credit Cardholders can also take advantage of FLY NOW, PAY LATER at zero interest on three months term and pay three months later from select travel partners.
“The Filipinos’ appetite for traveling shows no sign of slowing. Whether it be a weekend getaway at the beach, a quick escapade in Singapore or Bangkok to watch a concert, a US tour to visit family, or a European cruise to celebrate a special milestone, we won’t pass up an opportunity to travel again and spend quality time with the people we love,” said Ma. Nannette R. Regala, BDO SVP and Consumer Banking Group marketing head. “With this in mind, we wanted to give our valued cardholders more travel options, flexible payment terms, and of course, a cost-efficient means to travel.”
RELX Pledge Initiative
RELX International showcased the success of its initiatives over the past two years and reaffirmed its global commitment to corporate accountability as the leading vape brand across Asia in an exclusive event held recently.
RELX highlighted the achievements of the RELX Pledge, which comprised of a three-pronged global initiative that seeks to protect minors through the Guardian Program, consumers through Golden Shield, and empower economic livelihoods through Green Shoots.
The RELX Guardian Program contains internal guidelines for marketing their products responsibly.
The company invests heavily in anti-counterfeiting measures such as a unique QR code for users to verify their products’ authenticity as part of their Anti Illicit Trade policy, the Golden Shield program.
RELX is committed to its goal of championing entrepreneurship and empowering small businesses through its Green Shoots initiative.
The answer to skin woes
The hottest season of the year gives us great summer memories but also some uneven and dry skin, thanks to the sun-sational combo of harsh UV rays, salt, and chlorine.
Sun exposure contributes to sunburn, hyperpigmentation, and drying out the skin. High humidity also leads to increased sebum production that can make oily skin worse and more prone to breakouts, while dry skin can get flaky and rough. Harmful UV rays can also make fine lines and wrinkles more visible.
Staying in air-conditioned rooms, excessive sweating, dehydration, and even the chlorine in swimming pools can dry out the skin’s natural moisture, which can aggravate your current skin woes and make you look dull and tired.
Japanese cult skincare brand Hada Labo provides a solution to skin woes this summer.
The first step to fresh, young-looking mochi-mochi skin, Hada Labo face lotions are known for making skin soft, bouncy, velvety matte, and well-hydrated and healthy in any type of weather.
These lotions are light as they are all formulated without unnecessary additives, colorants, fragrances, and mineral oils that burden the skin.
Gokujyun Hydrating Lotion is Japan’s No. 1 face lotion perfect for daily use. It is now improved with five kinds of hyaluronic acid that deeply hydrate the skin, replenish optimum moisture, create a moisture-locking shield to prevent moisture loss, and enhance absorption of other skin-care ingredients like your trusted sunscreen.
