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GT Capital profit grows 19% to P7.4B

Ty family-led conglomerate GT Capital Holdings Inc. posted a 19-percent growth in first semester core net profit to P7.4 billion on higher earnings from its banking, insurance and real estate businesses.

GT Capital core profit up 19%

2017-08-11 philstar
MANILA, Philippines - GT Capital Holdings Inc. of tycoon George Ty reported a core net income of P7.4 billion in the first half of the year, up 19 percent year on year.

GT Capital nets P7.24B

Ty family-led conglomerate GT Capital Holdings Inc. posted a 19-percent year-on-year growth in first semester core net profit to P7.4 billion on higher earnings from banking, insurance and real estate businesses.

GT Capital ventures into microfinancing

2017-08-09 philstar
MANILA, Philippines - GT Capital Holdings Inc. is dipping its hands into the microfinance sector after spending about P380 million to acquire a 20 percent stake in a financing firm partly owned by its thrift bank arm.

GT Capital buys 20% stake in motor lending firm

Ty family-led conglomerate GT Capital Holdings Inc. bought a 20 percent stake in motorcycle lending firm Sumisho Motor Finance Corp. from thrift bank arm Philippine Savings Bank and its retirement fund.

Philippines, Indonesia stocks hit more than one-week lows

2017-07-21 themalaymailonline
Indonesian stocks were dragged down by consumer discretionary and financial stocks, falling 0.5 per cent. — Reuters pic SINGAPORE, July 21 — Most South-east Asian stocks fell today, in line with Asian markets, after the European Central Bank and the Bank of Japan kept rates steady and signalled that they were in no hurry to start unwinding their massive stimulus programmes.

SE Asia stocks subdued, Philippine shares edge up

2017-07-19 themalaymailonline
A traffic controller at a constructing site is reflected on a stock quotation board at a brokerage in Tokyo October 1, 2013. — Reuters picSINGAPORE, July 18 — Southeast Asian stock markets were subdued this morning, tracking tepid Asian shares and Wall Street overnight as the passage of a US healthcare bill grew doubtful, raising concerns over the rest of President Donald Trump’s ambitious economic agenda.

Mixing Japanese values with Filipino artistry

2017-07-13 philstar
MANILA, Philippines - As a young student in Tokyo in the 1980s, Alfred Ty has always found Japan a memorable place that is rich in culture.

Federal Land, Japan firms tie up for $400-M BGC project

2017-07-10 philstar
MANILA, Philippines - Federal Land Inc., the real estate unit of George Ty’s GT Capital Holdings Inc., has brought to Manila two Japanese giants for the joint development of an iconic Japanese-inspired mixed use project within its 10-hectare Grand Central Park in Bonifacio Global City.

PH shares close marginally higher in volatile trading

The benchmark Philippine Stock Exchange index (PSEi) swung between gains and losses Friday, following volatility in markets overseas.

Favila resigns from GT Capital board

2017-07-05 philstar
MANILA, Philippines -  Newly appointed Monetary Board member Peter Favila tendered his resignation as independent director of GT Capital Holdings Inc. effective immediately.

JG Summit raises stake in Meralco

2017-06-22 philstar
In a filing with the Philippine Stock Exchange, JG Summit said it acquired 27.5 million shares of Meralco at P250 per share.  The transaction was done on June 14.

GBPC enters Mindanao via P4.25-B Alsons buyin

2017-06-05 philstar
MANILA, Philippines - Pangilinan-led Global Business Power Corp. (GBPC) has formalized its entry in the Mindanao grid with a strategic partnership with the Alcantara Group to acquire a 50 percent stake in its power holding company with a P4.25-billion tag price.

GBPC plots Luzon, Mindanao expansion to double capacity

2017-05-23 philstar
MANILA, Philippines - Global Business Power Corp. (GBPC), a major power player in the Visayas, is eyeing to expand in Luzon and Mindanao by investing in traditional power projects and venturing into the renewables sector under its new leadership to meet its goal of doubling its capacity in five years.

GT Capital earnings rise 12% to P3.2 B

2017-05-16 philstar
MANILA, Philippines - George Ty-led conglomerate GT Capital Holdings Inc. grew its first quarter core net income 12 percent to P3.2 billion from P2.8 billion a year ago, the company said yesterday.

Dutertenomics in spotlight at BusinessWorld Economic Forum

2017-05-07 philstar
This, among other questions, will be addressed on May 19 at the 2nd BusinessWorld Economic Forum, which has as its theme, “Fueling Philippine Economic Expansion Beyond 2017: The Engines of Growth.”

Federal Land partners with Japanese firms for iconic BGC project

2017-05-05 philstar
MANILA, Philippines -  Federal Land Inc., the property unit of George Ty’s GT Capital Holdings Inc., has partnered with Japanese giants Nomura Real Estate Holdings and Isetan Mitsukoshi to develop an iconic Japanese-inspired mixed use project which will be the first in the Philippines, industry sources told The Star.

GT Capital raises stake in Metrobank

2017-04-18 philstar
MANILA, Philippines - GT Capital Holdings Inc., the listed conglomerate of George Ty, has raised its stake in its banking arm, Metropolitan Bank & Trust Co. (Metrobank).

Stocks close lower on thin Holy Week trading

Philippine stocks ended lower on Tuesday, as investors stayed on the sidelines with the coming Holy Week holidays.

GT Capital net income up 21% in 2016

2017-04-04 philstar
MANILA, Philippines - GT Capital Holdings Inc. reported a net income of P14.6 billion last year, up 21 percent year on year amid strong sales of Toyota Motor Philippines Corp. and higher contributions from associates as well as earnings from the sale of Global Business Power Corp.

GT Capital nets P14.6B

Ty family-led GT Capital Holdings Inc. grew its net profit last year by 21 percent to P14.6 billion led by higher earnings from its automotive business, coupled with gains from the sale of its power generation unit.

GT Capital retains top credit rating

2017-04-01 philstar
MANILA, Philippines -  GT Capital Holdings Inc. maintained the top credit rating for its outstanding P22 billion bonds amid the solid market positions of its businesses.

Sy leads 14 PH tycoons on Forbes billionaires’ list

More Filipino tycoons, almost all of whom made their fortunes catering to the Philippines’ massive consumer market, earned their place among the richest individuals in the world, a global billionaires list compiled by Forbes Magazine showed.

Asean stocks tracking Wall St rally on Trump tax-cut hopes

2017-02-10 themalaymailonline
Singapore shares rose as much as 0.75 per cent to hit a more than 15-month high, outperforming other markets in the region. — TODAY picSINGAPORE, Feb 10 — Most South-east Asian stock markets rose today, mirroring gains in Asian shares and on Wall Street overnight after US President Donald Trump said he would unveil a major tax reform that would include tax cuts for businesses and individuals.

Inclusive Prosperity

2017-02-01 philstar
Following the successful consultation dinner of the Kapatid conglomerates with President Duterte two weeks ago, I arranged a meeting with Department of Finance Secretary, Carlos Dominguez, together with the big brother conglomerates.  The meeting happened yesterday early morning. It was an insightful meeting which focused on a number of things including taxes, budget allocations, investments, and most importantly, the projects concerning areas of extreme poverty.