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...
Leila Cruz was crowned as Ms. VTV Cup at the conclusion of this year’s International Women’s Volleyball Cup at the Vinh Phuc Gymnasium in Vietnam over the weekend. The 25-year-old Cruz earned the nod of the judges and spectators as the most beautiful player in the week-long meet. Aside from the...
Telecommunications giant Globe Telecom Inc. is set to launch the country’s largest data center in the third quarter of the year, as it bolsters its network capacity to accommodate the growing demand from hyperscalers and artificial intelligence (AI). Globe’s data center arm, ST Telemedia Global...
HOTSPOT The proposal to regulate or ban social media use by minors is supposedly aimed to protect the youth, but I guess students and youth organizations, as well as concerned parents, would be putting up a big fight against it. If a ban is imposed, who will teach the boomers and seniors, and who...
