The Bangko Sentral ng Pilipinas (BSP) order for e-wallets to sever links with online gaming applications has weighed on the earnings of both gaming companies and the e-wallet platforms themselves. Unicapital Securities Inc. Research Analyst Peter Louise D. Garnace said the unlinking of online...
Globe and the Bank of the Philippine Islands (BPI) have taken a significant step toward more secure and seamless digital banking with a Proof of Concept (POC) for Silent Network Authentication (SNA). This next-generation verification method aims to reduce scams associated with One-Time Passwords...
Ayala-led telecommunications provider Globe Telecom Inc. aims to capture a larger share in the broadband market in the near term, as demand for higher data capacity rises and the threat from new players becomes more apparent. Carl Cruz, president and chief executive officer (CEO) of Globe, said the...
Ayala Corp., the country’s oldest conglomerate, reported a sharp increase in profits for the first nine months of the year, driven by one-time gain tied to the revaluation of its stake in Gcash owner Mynt. In a disclosure to the Philippine Stock Exchange on Thursday, Nov. 13, the holding company...
Globe Telecom Inc. reported a 14-percent drop in earnings in the first nine months of the year, amid lower revenues across key segments, with digital wallet GCash remaining a bright spot for the telecommunications giant. In a disclosure to the Philippine Stock Exchange, Globe said its net income...
The Securities and Exchange Commission (SEC) has approved a stock split for Globe Fintech Innovations Inc. (Mynt), the owner of GCash, a move intended to lower the per-share price and make the stock more affordable for its long-anticipated initial public offering (IPO). In a disclosure to the...
Ayala-led Globe Telecom Inc. is pushing for the refiling and eventual passage of a bill that will allow telecommunications operators to crack down on online piracy. In a statement, Globe urged lawmakers from both the House of Representatives and the Senate to reintroduce a measure that will...
Globe Telecom Inc. has signed a term loan facility of ₱5 billion with Bank of Commerce (BankCom), the banking arm of San Miguel Corp., to bankroll expansion projects and other financing needs. In a disclosure to the Philippine Stock Exchange (PSE), the Ayala-led telecommunications giant said the...
Publicly listed telecommunications firms, particularly market leaders PLDT and Globe Telecom, are taking a beating on the local stock market as investors shy away due to the potential impact of the Konektadong Pinoy Act and new online gambling restrictions on e-wallets. “The sector has been on...
Telecommunications giant Globe Telecom Inc. is taking a firm stance in opposing the Konektadong Pinoy Act, which recently lapsed into law, voicing its concerns against the law’s supposed “grave risks.” In a statement on Tuesday, Aug. 26, the Ayala-led firm said it is concerned that the...
The telecommunications industry is urging the government to ensure strong safeguards for consumers under the implementing rules and regulations (IRR) to be crafted for the Konektadong Pinoy Act, which recently lapsed into law. The bill, also known as the Open Access in Data Transmission Act,...
Telecommunications giant Globe Telecom Inc. has successfully completed a field trial of a long-range free space optics (FSO) technology, which is seen to expand connectivity to remote areas where difficult terrain hinders fiber rollout. In partnership with Google X’s Taara, Globe said it...
