Smart Communications, Inc., the wireless unit of PLDT Inc., is ramping up the rollout of its 4G/LTE and 5G networks for the rest of 2024 to support the robust demand for mobile data in the country. The firm said the increase in the number of unique 5G devices driving data traffic continues into...
ST Telemedia Global Data Centres (STT GDC) Philippines opened its upgraded facility in Makati City as part of its expansion efforts to raise data center capacity in response to increasing demand. STT GDC is a joint venture between Globe Telecom, Ayala Corporation, and ST Telemedia Global Data...
CEBU CITY – A materials recovery facility (MRF) in Barangay Binaliw here vowed to continue its transformation strategy with a strong focus on maximizing resource recovery. Prime Integrated Waste Solutions Inc. took over the facility in 2022 and has since then implemented significant improvements...
Despite a lower capital expenditures budget this year, Globe Telecom reported that it continues to make significant strides in expanding its network infrastructure across the country. The firm reported that it built 352 cell towers and upgraded 1,942 existing mobile sites to long-term evolution...
The Yuchengco Group’s Malayan Insurance Co. Inc. has maintained its Financial Strength Rating of B++ (Good) from A. M. Best. The firm reported that it also retained the Long-Term Issuer Credit Rating of “bbb” (Good), and Philippines National Scale Rating (NSR) of aa+.PH (Superior) for 2023....
SSI Group, Inc., the Tantoco family’s holding company for its portfolio of upscale retail brands, reported at 27.8 percent drop in net income to P726.3 million for the first half of 2024 from P1 billion during the same period last year despite higher sales. The firm said in a disclosure to the...
DMCI Homes, the Philippines’ leader in resort-inspired developments, is developing the site of the former Delta Theater in Quezon City into a 57-storey residential condominium. The Consunji-led property developer announced that it is building One Delta Terraces, a single-tower residential...
Parqal is a walkable, 15-minute city. (Photos courtesy of D.M. Wenceslao and Associates, Inc.) For Delfin Angelo C. Wenceslao, the director, president, and chief executive officer of D.M. Wenceslao and Associates, Inc. (DMWAI), “great public space makes for great world-class cities.” This was...
Metro Retail Stores Group Inc. (MRSGI) of Cebu’s Gaisano family reported a 27 percent drop in net income to P100.4 million in the first half of 2024 from P136.8 million in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm explained that “despite the...
East Zone concessionaire Manila Water Co. Inc. said it has added over 14,000 new water service connections in the first half of the year to expand its water services in its franchise area. In a statement, Manila Water reported that it installed 14,125 new water connections from January to June of...
Razon-led firm Primelectric Holdings, Inc (PHI) has acquired the 70 percent majority stake in Bohol Light Company Inc. (BLCI), a power utility servicing Tagbiliran City that was divested by SPC Power Corporation, a company chaired by businessman Alfredo Henares. Following the shares unloading of...
MGen Renewable Energy Inc. (MGreen), the renewable energy investment platform of Meralco PowerGen of the Manila Electric Company group, has acquired 50% stake in the 450-megawatt (MWac) Bugallon solar farm project in Pangasinan that was under a service contract held by Singaporean firm Vena Energy....
