GT Capital - updates

Rappler's latest stories on GT Capital

ARTICLE FINDER

Metrobank net income up 5.3% in Q1 2018

Apr 29, 2018 - 9:20 PM

The Ty-led bank reports a net income of P5.9 billion in the 1st quarter of 2018 compared to the P5.6 billion it earned in the same period last year

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PSBank names Jose Vicente Alde as president

Apr 24, 2018 - 5:10 PM

Jose Vicente Alde replaces Vicente Cuna Jr, who is now vice chairman and will also assume another key post within the Metrobank Group

GT Capital spending over P100 billion in 2018

Apr 01, 2018 - 10:00 PM

The listed holding firm of tycoon George Ty plans to go big this year with its banking unit's expansion plans

HUGE CAPEX. George Ty's GT Capital Holdings Incorporated is spending as much as P111.9 billion this 2018 alone. Photo by Alecs Ongcal/Rappler

BSP slaps sanctions on Metrobank for P1.75-B internal fraud case

Nov 28, 2017 - 12:43 PM

The sanctions range from reprimanding and suspending bank officials guilty of lack of oversight, to requiring Metrobank to set aside P4.45 billion to cover for higher operational risk and being subjected to periodic review

Metrobank net income up 5% despite P900-million fraud

Nov 06, 2017 - 7:40 PM

The bank posts a net income of P3.69 billion in the 3rd quarter of 2017, pushing its year-to-date net income 5% higher to P13.2 billion

GT Capital ventures into microfinance

Aug 09, 2017 - 5:40 PM

The holding firm of George Ty is set to acquire 4 million shares of Sumisho Motor Finance Corporation

TAPS NICHE. George Ty's GT Capital says the acquisition deal will give the group an opportunity to tap the low to middle income sector of the Philippine market – the primary clientele of Sumisho Motor Finance. Photo by Alecs Ongcal/Rappler

NBI nabs suspect in Metrobank P900-M fraud case

Jul 21, 2017 - 3:42 PM

UPDATED The National Bureau of Investigation says the suspect bank officer Maria Victoria Lopez has refused to cooperate in the investigation

BANK FRAUD. Bank officer Maria Victoria Lopez uses a scarf to hide her face at an NBI news briefing on the Metrobank internal fraud case on July 21 2017. Photo by Inoue Jaena/Rappler

Federal Land, 2 Japanese firms to build P20-B complex in BGC

Jul 10, 2017 - 3:00 PM

Set to be completed in 2025 the retail and residential complex will form part of Federal Land s 10 hectare Grand Central Park in Bonifacio Global City

VENTURE. Federal Land ties up with Nomura Real Estate Development Company Limited and Isetan Mitsukoshi Holdings Limited for the development of the Sunshine Fort Landmark project. Rappler file photo

AXA bullish on PH insurance market, plans new IT center

Jul 05, 2017 - 8:30 PM

The firm now the 2nd largest life insurer in the country following its acquisition of Charter Ping An last year is expanding its health and general insurance offerings

PLDT sells remaining stake in Beacon to MPIC

Jun 14, 2017 - 1:30 PM

Metro Pacific Investments Corporation the sister company of PLDT buys the telco s remaining stake in Beacon for P21 8 billion

FINANCIALLY SATISFYING. 'The divestment of our Beacon investment will help the PLDT group focus on the key priorities in its core businesses. While the investment is now viewed as no longer strategic, it has nonetheless been a very financially satisfying one,' PLDT Chairman Manuel Pangilinan says. Photo by Martin San Diego/Rappler

George Ty and MVP transaction is best deal of 2016 – IHAP

Mar 19, 2017 - 10:00 AM

The deal that brought together two of the biggest conglomerates in the country is recognized as the most innovative and complex

BEST DEAL. George Ty's GT Capital Holdings acquired 15% of Manuel V. Pangilinan's Metro Pacific Investment Corporation in 2016.

GT Capital plans to raise P12B to pay bank loans

Jul 06, 2016 - 12:15 PM

Some P2 9 billion of the expected proceeds will also be used for interest payments capital expenditures capital calls and new investments

PAY OBLIGATIONS. In May, MPIC formed a strategic alliance with GT Capital by swapping shares and acquiring a majority stake of the latter’s power generation unit

Metro Pacific buys additional 25% interest in Beacon from PLDT

May 30, 2016 - 4:45 PM

Through this deal Metro Pacific will increase its direct and indirect economic interest in Meralco to 41 making it the single largest source of cash generation for the conglomerate

BETTER CASH FLOW. In undertaking this investment, Metro Pacific President and CEO Jose Ma Lim says the firm has enhanced its overall cash flow and growth prospects. Photo by Chrisee Dela Paz/Rappler

First Pacific group acquires 56% stake in Global Business Power

May 27, 2016 - 8:23 PM

MPIC says it will use excess cash to raise equity stake in Meralco through buying more Beacon Electric shares from PLDT

MORE POWER INVESTMENTS. This new partnership with GT Capital strengthens the cash position of First Pacific, MPIC's Pangilinan (R) says. In the photo are MPIC's Jose Ma Lim (C) and David Nicol (R). Photos by Chrisee Dela Paz/Rappler

GT Capital acquires stake in real estate firm Pro-Friends

Aug 08, 2015 - 8:46 AM

Mass housing developer Profriends Group Incorporated meanwhile scraps its plan to go public

SWEET SPOT. "The low-cost housing segment is the real sweet spot in the country’s property sector,” Profriends’ Guillermo Choa says

Jollibee, GT Capital in 'Forbes Fab 50 Companies’ list

Jul 23, 2015 - 6:18 PM

For the second time Jollibee Foods Corporation joins the lineup of high performing entrepreneurial blue chips the region’s best of the best the business magazine says

Ayala, Ty real estate firms to develop P2.5B Laguna property

May 12, 2015 - 1:53 PM

Alveo Land and Federal Land will develop a 45 hectare property in Laguna which involves the sale of residential lots to the middle to high end market

Bags of blessings: Giving back to communities

Mar 06, 2015 - 11:56 AM

The project is in line with the Metrobank Group’s way of celebrating milestones – giving back to communities

Ty’s conglomerate eyes transportation, infrastructure

Nov 14, 2014 - 12:20 PM

George Ty’s GT Capital Holdings Inc is looking into LRT2 and the Laguna Lakeshore expressway project

Bidders seek LRT2 turnover before 2016 polls

Oct 21, 2014 - 6:10 PM

Bidders fear a political transition might hamper the project turnover if done after a new administration assumes office in 2016

TRAIN EXTENSION. There are plans to extend the LRT2 all the way to Manila port area. Photo from the PPP Center

Conglomerates eye LRT2 project

Sep 30, 2014 - 12:21 PM

Bidders have until November 20 to submit the pre qualification documents

8 foreign, local firms eye Laguna expressway-dike project

Aug 12, 2014 - 11:23 AM

Interested bidders have until October 16 this year to submit the pre qualification requirements for the largest PPP project of the Aquino administration

THE BIGGEST PPP PROJECT TO DATE. The P123-billion Laguna Lakeshore expressway dike project is the biggest to date of the Aquino administration.

GT Capital interested in Laguna road, dike project

Aug 10, 2014 - 2:38 PM

Ayala Corp and Metro Pacific Investments Corp have earlier expressed interest in the PPP project

Ty-led GT Capital 'interested' in Pasay reclamation project

Nov 18, 2013 - 10:56 AM

GT Capital adds it is now seeking partnerships with other companies eyeing the project SM Land and Ayala Land

Meralco acquires stake in Ty-led Global Power

Oct 23, 2013 - 6:23 PM

Tycoon George Ty sells 20 of his group s stake in Global Business Power Corporation to MGen a unit of power distributor Meralco

DEAL. Meralco and Global Power have sealed their power deal. File photo by AFP

Lucio Tan, George Ty firms join PSEi

Aug 28, 2013 - 4:59 PM

Meralco and Belle Corp are excluded in the PSEi a basket of 30 most traded most liquid and well capitalized listed firms

Tan, Zobel, Ty firms post higher profits

Aug 14, 2013 - 7:53 AM

Conglomerates owned by 3 of the 50 richest people in the Philippines based on a Forbes list post double digit profit growth rates in January to June 2013

11 Filipinos among world billionaires

Mar 04, 2013 - 10:38 PM

Eleven Filipino billionaires make it to the Forbes 2013 list of world billionaires

George Ty's GT Capital allots record P40-B for 2013 capex

Jan 30, 2013 - 6:17 PM

The company will use bulk of the amount for its power generation and property businesses

RECORD CAPEX. GT Capital allots P40 billion for 2013 expansion. AFP Photo

INFOGRAPHIC: Top power players in the Philippines

Jan 16, 2013 - 4:41 PM

San Miguel leads the biggest privately controlled power producers in the country

George Ty-led GT Capital posts higher profit; to raise P9-B debt

Nov 08, 2012 - 11:22 AM

GT Capital says earnings were boosted by revenues from its power generation unit and one time gains booked by its property development arm

Ty-led power unit eyes putting up 200-MW plants in Luzon

Aug 17, 2012 - 1:39 AM

Tycoon George Ty s power company wants to join the biggest power players of the country in Luzon where an energy shortage looms

Ty-led GT Capital eyes P21.6-B from IPO

Apr 03, 2012 - 4:08 PM

The holding firm of businessman George Ty cites strong demand from international investors in its P455 a share IPO exercise

1st IPO of 2012: What you need to know about GT Capital

Mar 22, 2012 - 9:17 AM

The Ty led GT Capital Holdings Inc s IPO from the dates to the prices and where the fresh funds will be spent

DOMESTIC INVESTORS BRIEFING. On March 21, 2012 GT advises potential investors about their April IPO.

Ty group earmarks P24-B IPO proceeds for real estate, BPO, energy

Feb 06, 2012 - 7:32 PM

Tycoon George Ty is eyeing new ventures outside its core banking insurance and car dealing businesses