The ASEAN Innovative Business Platform (AIBP) recently recognized Globe Telecom Inc. for being a trailblazer on environmental, social, and governance (ESG) initiatives. ASEAN Tech for ESG Awards Winners The AIBP, a business unit of Singapore-based growth-consulting firm Industry Platform, has over...
Globe Telecom Inc. is raising P32 billion via stock rights offer for the expansion of its mobile and broadband network and to pay its debts. “This marks the first time Globe will do a rights offer in the capital market in over two decades," according to Chief Finance Officer Rizza Maniego-Eala...
E-wallet platform GCash loaned out more than P2.5 billion in ten months since it launched GLoan, reflecting significant demand for the product. GLoan allows pre-qualified users to take loans from P1,000 to P50,000 and uses the in-house trust platform GScore to check a borrower’s ability to pay....
Local telcos are blocking more than double the number of cyber attacks to date as Filipinos continue to shift most of their activities online due to the pandemic. PLDT Inc. and Smart Communications Inc. combated more than double the number of ‘smishing’ (text messages that aim to steal the...
Finance app GCash breached the P500-billion mark in Gross Transaction Value in March 2022 and expects to sustain its growth throughout the year, with user engagement continuing to thrive as the world opens up. Active GCash users are now five times larger than the next e-wallet, with daily logins...
Globe Telecom Inc. blocked a total of 142,575 smishing messages in February and March this year as its proactive filter system detected the unwanted messages linked to fraud in its network. The company continues to strengthen its security tools and platforms to increase detection and blocking...
Globe Telecom Inc. sees a "tremendous growth" with its fiber broadband subscriber takeup soaring 155 percent from January to March this year versus the same period in 2021, said Issa Guevarra-Cabreira, Globe Chief Commercial Officer. "There's still latent demand in the industry, and we will...
Globe Telecom Inc. expects to end the year with about 1,700 new cell sites to reach more customers and beat 2021’s total of 1,407 cell sites, the telco announced Wedneday, May 25. For the first three months of 2022, Globe built 234 cell sites nationwide, upgraded 2,344 mobile sites to 4G, and...
The Philippines’ first multiscreen and real-time interactive TV channel, PIE (Pinoy Interactive Entertainment), a partnership between the Globe Group and ABS-CBN, airs Monday, May 23. PIE will give traditional viewers a new kind of experience as it combines the strengths of content and...
Local finance app GCash is unfazed over its closest competitor Paymaya's move to open a digital bank. “We don't believe that having a digital banking license is a silver bullet or magic," GCash President and CEO Martha Sazon maintained. "It's not like a signboard that you just turn on then expect...
For the first three months of 2022 alone, Globe Telco hauled ₱791 million revenues from its non-telco subsidiaries, triple the amount it posted in the same period in 2021. This also marked the first quarter that non-telco services showed significant contribution to the company's topline, driven...
Globe Telecom Inc. closed the first three months of 2022 with a net income soaring 86 percent to P13.7 billion as consolidated service revenues reached ₱39.2 billion, surpassing pre-pandemic level. In a report, Globe said that its revenues registered a four percent increase versus the same period...
