HOTSPOT Whether you view the events of 53 years ago positively or negatively, this weekend remains historic. The Sept. 21 in Luneta and EDSA are set to add more meaning to the date, perhaps becoming the biggest expressions of public anger over corruption in recent memory. Fears among political...
Top township developer Megaworld Corp. continues to lighten up on its stake in MREIT Inc., this time selling ₱2.24 billion worth of the real estate investment trust’s (REIT) shares, in preparation for its fourth wave of asset infusion. In a disclosure to the Philippine Stock Exchange (PSE),...
When we think of Filipino fashion, what often comes to mind are images of Filipiniana. Whether it’s a pristine terno, a modern barong, or a contemporary piece featuring local tapestries, it can be difficult to shake off that vision of Filipino wear. While there is no fault in that, it represents...
Amid prospects for United States (US) and domestic rate cuts, stock market investors will be watching for key data this week, including US August inflation figures and the Bangko Sentral ng Pilipinas ' (BSP) foreign direct investment numbers. According to online brokerage 2TradeAsia.com, a...
Top township developer Megaworld Corp. and MREIT Inc. are looking at about three more waves of asset infusions amounting to 520,000 square meters of gross leasable area (GLA) over the next two years in order to hit the real estate investment trust’s target portfolio size of one million square...
Globe Telecom Inc. is confident that the recent moves by regulators to lessen the involvement of e-wallets in online gaming will not affect the growth trajectory of its GCash business, which has a diversified revenue stream. In an interview on Monday, Aug. 18, Globe Telecom President and Chief...
The Department of Information and Communications Technology (DICT) is coming out with a new circular that will extend the validity of the licenses of independent tower companies (ITCs) from the current five years to at least 15 years or longer to match the lifespan of the facilities they are...
It’s been a while, but Malacañang remains tight-lipped on the “Konektadong Pinoy” bill that aims to provide free Wi-Fi access, especially in Geographically Isolated and Disadvantaged Areas (GIDA), by liberalizing the telecommunications sector and expanding data connectivity. Yes, Virginia,...
Ayala-led Globe Telecom Inc. banked on contributions from its one-off equity earnings from the parent firm of popular e-wallet GCash to weather headwinds that led to a dip in its profit in the first half of the year. In a disclosure to the Philippine Stock Exchange (PSE), Globe reported that its...
Ayala-led telecommunications giant Globe Telecom Inc. has raised more than ₱89 billion in proceeds from tower sales, following the transfer of 93 towers to MIESCOR Infrastructure Development Corp. (MIDC) and Phil-Tower Consortium Inc. (PhilTower). In a disclosure to the Philippine Stock Exchange...
Top township developer Megaworld Corp. is preparing for another infusion of assets into MREIT Inc. later this year by unloading ₱1.17-billion worth of the real estate investment trust’s (REIT) shares. In a disclosure to the Philippine Stock Exchange (PSE), Megaworld said it sold 84.8 million...
Carl Cruz had a choice: stay comfortable or seek a new challenge. After three decades building a successful career in the fast-moving consumer goods (FMCG) industry, he chose the latter, venturing into the world of telecommunications. “What 's there to prove?” This was the question his...
