MREIT acquiring 7 Megaworld office towers IN BRIEF

It said this is in response to President Ferdinand Marcos Jr.’s urgent call for significant undertakings to ensure national competitiveness.

The Department of Energy certified the FGEN LNG terminal as an energy project of national significance on Aug. 5, 2019. The agency is pushing for natural gas as a complementary transition fuel under the 2020-2040 Philippine Energy Plan to ensure energy security, while enhancing the renewable energy capacity of the country.

President Marcos recently approved the renewal agreement for Malampaya Service Contract No. 38, allowing the continued production of the Malampaya gas field and ensuring that the remaining gas reserves are further explored and utilized until Feb. 22, 2039.

NOTICE OF ANNUAL STOCKHOLDERS’ MEETING

NOTICE OF ANNUAL STOCKHOLDERS’ MEETING

To all stockholders:

To all stockholders:

Guimaras Mangoes awarded GI mark

NOTICE IS HEREBY GIVEN that the 2023 Annual Stockholders’Meeting (“ASM”) of MACAY HOLDINGS, INC. (“Macay” or the “Company”) will be held on Wednesay, June 28, 2023, 2:00pm to be conducted virtually from 137 Yakal Street, San Antonio Village, Makati City, Philippines due to the COVID-19 pandemic situation to discuss the following agenda:

NOTICE IS HEREBY GIVEN that the 2023 Annual Stockholders’Meeting (“ASM”) of MACAY HOLDINGS, INC. (“Macay” or the “Company”) will be held on Wednesday, June 28, 2023, 2:00pm to be conducted virtually from 137 Yakal Street, San Antonio Village, Makati City, Philippines due to the COVID-19 pandemic situation to discuss the following agenda:

(1) Call to Order

(1) Call to Order

(2) Proof of Required Notice of Meeting and Determination of Quorum

(2) Proof of Required Notice of Meeting and Determination of Quorum

(3) Reading and Approval of the Minutes of the Annual Stockholders Meeting held on 28 July 2022

THE Intellectual Property Office of the Philippines approved the application of the Guimaras Mangoes as the country’s first registered geographical indication.

A GI serves as a marketing tool that accentuates a product’s distinctiveness and appealing narratives. A GI seal certifies a link between the quality, characteristics and reputation of a product and its geographical source. These factors may have been shaped due to environmental influences, such as soil and climate, or human factors such as tradition and local know-how.

“We see great potential of the system not only in spreading development outside our bustling metropolitan areas, but also in ensuring that the people of the originating locality benefit from their produce,” said IPOPHL deputy director-general Ann Claire Cabochan.

(3) Reading and Approval of the Minutes of the Annual Stockholders Meeting held on 28 July 2022

(4) Presentation of Annual Report and Financial Statements of the Preceding Year

(4) Presentation of Annual Report and Financial Statements of the Preceding Year

(5) Ratification of Acts and Proceedings of the Board of Directors and Management in 2022-2023

“Now with the GI seal, we hope local prices will double. So additional income for farmers,” said Guimaras Mango Growers and Producers Development Cooperative president Felipe Gamarcha, referring to the farm gate price of Guimaras Mangoes which averaged P200 in 2022. This marks an astronomical rise from the P20 to P50/kilo price of the commodity before the association secured a collective mark. Othel V. Campos

(5) Action on Acts and Proceedings of the Board of Directors and Management in 2022-2023

(6) Appointment of Inspectors of Election to Serve Until the Close of the Next Annual Meeting

(6) Appointment of Inspectors of Election to Serve Until the Close of the Next Annual Meeting

MPIC defers vote on voluntary delisting

(7) Appointment of External Auditor, for 2023-2024

(7) Appointment of External Auditor, for 2023-2024

(8) Election of Directors, including Independent Directors, for 2023-2024

(9) Other Matters

(8) Election of Directors, including Independent Directors, for 20232024

(9) Other Matters

(10) Adjournment

(10) Adjournment

Only stockholders of record as of June 5, 2023 are entitled to notice of, and to vote at this annual meeting.

Only stockholders of record as of June 5, 2023 are entitled to notice of, and to vote at this annual meeting.

In light of the current COVID-19 pandemic and to ensure the safety of those involved, the Company stockholders may only participate in the meeting by remote communication, in absentia or by appointing proxies.

In light of the current COVID-19 pandemic and to ensure the safety of those involved, the Company stockholders may only participate in the meeting by remote communication, in absentia or by appointing proxies.

Stockholders with the intention to participate in the virtual meeting are advised to pre-register at asmpreregistration@macayholdings. com.ph and vote on or before June 18, 2023. The requirements are on the Company’s Information Statement. If no response to the preregistration please call +632.8893.0733.

Stockholders with the intention to participate in the virtual meeting are advised to pre-register at asmpreregistration@macayholdings. com.ph and vote on or before June 18, 2023. The requirements are on the Company’s Information Statement. If no response to the preregistration please call +632.8893.0733.

Electronic Voting in Absentia

Electronic Voting in Absentia

All agenda items will be made available to the stockholders. Stockholders can vote on each agenda item and may choose to vote “Vote for Approval”, “Vote Against” or “Abstain”

All agenda items will be made available to the stockholders. Stockholders can vote on each agenda item and may choose to vote “Vote for Approval”, “Vote Against” or “Abstain”

For the election of directors, a stockholder may distribute his votes equally among all the nominees or cast such number of votes for each nominee as preferred by the stockholder, provided that the total number of votes cast shall not exceed the number of shares owned by the stockholder, multiplied by the number of directors to be elected.

For the election of directors, a stockholder may distribute his votes equally among all the nominees or cast such number of votes for each nominee as preferred by the stockholder, provided that the total number of votes cast shall not exceed the number of shares owned by the stockholder, multiplied by the number of directors to be elected.

The Office of the Corporate Secretary, with the assistance of STSI representatives, will count and tabulate the votes cast in absentia together with the votes cast by proxy.

The Office of the Corporate Secretary, with the assistance of STSI representatives, will count and tabulate the votes cast in absentia together with the votes cast by proxy.

INFRASTRUCTURE conglomerate Metro Pacific Investments Corp. said Thursday it will defer the shareholders vote on the planned voluntary delisting from the local bourse pending the completion of valuation report.

The move also delayed the start of the tender offer period which was initially scheduled to commence in May.

MPIC said in a disclosure to the stock exchange it received a request from a consortium of bidders that were planning to take the company private to defer the shareholders’ vote on voluntary delisting as the much awaited fairness opinion and valuation report was not yet finalized.

An independent firm will issue the fairness opinion and valuation report. The consortium consists of Metro Pacific Holdings Inc., GT Capital Holdings Inc., Mit-Pacific Infrastructure Holdings Inc. of Japan’s Mitsui and MIG Holdings Inc. of MPIC chairman Manuel Pangilinan.

MPIC was originally planning to seek shareholders’ approval on the planned delisting during the company’s annual stockholders meeting on June 6. Jenniffer B. Austria

Globe supports Connectivity Index

GLOBE Telecom Inc. said Thursday it is supporting the creation of a national Connectivity Index Rating, which sets a standard for internet quality.

The proposed connectivity index aims to establish a standard for the quality of internet connectivity in public and private buildings, contributing to the wider national effort towards comprehensive digitization.

“We are ready and eager to work with the government to establish a Connectivity Index Rating in the country. This will allow our consumers to choose which establishment or public place they would want to patronize because internet services are within standards,” said Globe Group president and chief executive Ernest Cu.

“With this in place, we will cement the perception that the Philippines has internet services at par with other countries, just as external party surveys have been showing. This initiative resonates profoundly with the President’s blueprint for a digitally resilient and vibrant Philippines,” he said.

Participation through remote communication

Participation through remote communication Macay’s 2023 ASM will be broadcasted live and stockholders who have successfully registered can participate via remote communication.

Globe and other industry players proposed the Connectivity Index Rating to the sector leaders of the Private Sector Advisory Council. Darwin G. Amojelar Beep powers QR payment in LRT 1

Instructions and procedures on how to attend the meeting through remote communication will be sent to stockholders indicated in the registration form.

Macay’s 2023 ASM will be broadcasted live and stockholders who have successfully registered can participate via remote communication.

Instructions and procedures on how to attend the meeting through remote communication will be sent to stockholders indicated in the registration form.

Stockholders who will not, are unable to, or do not expect to attend the vitrual meeting may, at their option, designate their authorized representatives by means of proxy on manually filled ballot. The Proxy instrument must be duly notarized and must be submitted with transmittal letter to the Office of the Corporate Secretary at 137 Yakal Street, San Antonio Village, Makati City, Philippines 1203 for inspection, validation and recording on or before June 18, 2023.

Stockholders who will not, are unable to, or do not expect to attend the vitrual meeting may, at their option, designate their authorized representatives by means of proxy on manually filled ballot. The Proxy instrument must be duly notarized and must be submitted with transmittal letter to the Office of the Corporate Secretary at 137 Yakal Street, San Antonio Village, Makati City, Philippines 1203 for inspection, validation and recording on or before June 18, 2023.

Originally Signed GABRIEL A. DEE CORPORATE SECRETARY

AF PAYMENTS Inc., the operator of the beep card, announced the successful launch of Maya’s and Light Rail Manila Corp.’s QR payment system in LRT Line 1. The new and convenient payment option—which is enabled by beep’s technology—was warmly received by train commuters, who can now effortlessly purchase QR codes through their smart phones.

“The overwhelming adoption of QR since the service’s launch demonstrates commuters’ willingness to embrace more diverse payment options that facilitate faster and more convenient commute. Alongside the tap-in and tap-out functionality of beep cards, QR offers an excellent alternative to Single Journey Ticket users, allowing them to skip the lines and enjoy faster travel times,” said

AF Payments president and chief executive JJ Moreno.

“The core mission of AF Payments, Inc. is to provide commuters with convenient, fast, and secure payment solutions, transforming daily commuting into a more efficient, productive, and pleasant experience for everyone,” he said. LRT 1 QR tickets, valid for 24 hours, may be conveniently purchased through the Maya and LRMC’s ikotMNL apps and eventually through the beep app.