DITO CME Holdings Corporation, the communications, media and entertainment unit of Davao businessman Dennis A. Uy, has teamed up with CloudSwyft to put up an online education platform. In a statement, DITO CME said it has signed a joint venture agreement with...
The private sector's takeover of water districts often results in job losses to government employees, something that worries the Local Water Utilities Administration (LWUA). LWUA Administrator Jeci Lapus said that because of the joint ventures (JV) between private companies and state-owned water...
Prime Water Infrastructure Corp., a company owned by the family of Senator Cynthia Villar, has already taken over “100 water districts and counting” nationwide, a top official from Local Water Utilities Administration (LWUA) said. LWUA Administrator Jeci Lapus said that of the more than 500...
This year, NLEX Corporation continues building its three major road projects - Subic Freeport Expressway (SFEX) Capacity Expansion, Candaba Viaduct Upgrade and NLEX Connector. “These will improve traffic flow and connectivity, as well as promote road safety for hundreds of thousands of motorists...
Ayala Corp. (AC), one of the country’s leading conglomerates, is increasing its investments in the country with about P182 billion in capital expenditures earmarked for this year for their various businesses even as the company continues its COVID-19 efforts with donations already hitting P12.7...
The board of directors of First Gen Corporation approved the declaration of cash dividends on array of its preferred shares that shall be paid to its shareholders by January next year. The company, in its disclosure to the Philippine Stock Exchange (PSE), stated that it will extend cash dividend of...
Glitches in the cashless toll system, like the one which North Luzon Expressway Corporation (NLEX Corp) admitted to, are "not new," the Toll Regulatory Board (TRB ) declared in its statement issued late last night (December 8, 2020). Such glitches are "subject to notices to correct", the TRB...
In a bid to expand and rollout a fifth generation (5G) standalone network in the country, the self-professed fourth telco, the NOW Group of Companies partnered with Finnish technology leader, Nokia. NOW Corporation and affiliate NOW Telecom signed a memorandum of understanding with Nokia to...
The Department of Finance (DOF) ordered the Department of Trade and Industry (DTI) to return to the government coffers the P32.6 billion sitting idle in the state-owned Philippine International Trading Corp. (PITC). In a statement, Finance Secretary Carlos G. Dominguez III said he has...
Energy Secretary Alfonso G. Cusi defended the seemingly ‘negligible’ $50 million capital requirement for foreign firms entering the Philippine geothermal sector saying the figure was the scale determined by the government for prospective investment areas on offer....
Laguna Technopark, a development of AyalaLand Logistics Holdings Corp. (ALLHC), celebrates its 30th anniversary marked by the transformation of agricultural lands in Laguna into a progressive industrial center. A pioneer industrial estate in Calabarzon that started in 1990, Laguna Technopark has...
Ayala Corporation reported a 75 percent fall in net income to P11.4 billion in the first nine months of the year but noted that its performance in the third quarter is much improved compared to the second quarter of 2020. In a disclosure to the Philippine Stock Exchange, the conglomerate said...
